Property profile

201 Graham Ave Lake Elsinore, CA 92530

OFF-MARKET
Retail space
Property ID
US09-3824911
6,073 SF 0.46 ac lot Built 1887
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Crescent Bathhouse (also known as The Chimes) is a historically designated commercial building constructed in 1887, located in the Historic District in downtown Lake Elsinore at 201 W Graham Avenue. The property includes approximately 6,000 square feet of interior space on a 20,000 square foot lot and is architecturally distinctive with a multi-room layout, high ceilings, and original wood detailing while retaining key historic elements. It features updated infrastructure and has prominent street frontage near Lake Elsinore’s lakefront as well as downtown shops and restaurants. The property is zoned General Commercial under the Downtown Elsinore Specific Plan and is configured with potential uses such as professional offices, boutique retail, gallery space, hospitality, or special events. Parking is available on-site and in nearby areas.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1887
Construction WOOD
Total area 6,073 SF
Lot 0.46 ac (20,037 SF)
Zoning code C1
APN 374-172-013
UPID US09-3824911

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Tour Operator

Location

201 Graham Ave Lake Elsinore, CA 92530-3739
Lake Elsinore metro Census 43006 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
$1.34M
Comparable Approach Comparable
$947k
Blend (final) Blend
$955k

Owner & transaction history

since 2025
Last sale
$1.2M
7 recorded transactions
2025
$1.2M
2021
$985,000
2021
Price N/A
2020
$770,000
2020
Price N/A
2018
Price N/A
2017
Price N/A

Zoning & alternative use

C1 · Lake Elsinore, CA
Zoning description

or conversion of residential structures to commercial/office uses. § 17.116.080 Landscape improvements. § 17.116.090 Parking. § 17.116.100 Signs. § 17.116.110 Design review. § 17.116.120 Design standards. Chapter 17.120…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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