Technical
Financial
Distress signals
Property profile

215 Prospect St Lake Elsinore, CA 92530

OFF-MARKET
Apartment buildings
Property ID
US09-2480766
835 SF 0.22 ac lot Built 1922
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1922
Construction WOOD
Total area 835 SF
Lot 0.22 ac (9,583 SF)
Zoning code R3
APN 373-151-006
UPID US09-2480766

Cap rate & NOI

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

Location

215 Prospect St Lake Elsinore, CA 92530-4173
Lake Elsinore metro Census 43001 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2019
Price N/A
2017
Price N/A
2017
$375,000
2017
Price N/A
2017
Price N/A

Zoning & alternative use

R3 · Lake Elsinore, CA
Zoning description

17.80.150 Laundry facilities. § 17.80.160 Walls and fences. § 17.80.170 Storage. § 17.80.180 Lots of record. § 17.80.190 Parking. § 17.80.200 Signs. § 17.80.210 Design review. § 17.80.220 Design standards. Chapter 17.84…

General category RESIDENTIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 Prospect St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message