Local rules require you to be signed in to see more photos.

Off market apr 2024 for $1.3M

—

Est. refi paymentEst. refi $4,479/mo

—

•

4,167

sq ft

121 S Spring, Lake Elsinore, CA 92530

About this home

Calling ALL INVESTORS!!!!! EXCELLENT CAP Rate. Great opportunity in downtown Lake Elsinore, walking distance to all restaurants and grocery stores. Fully occupied with long term tenants and waiting list for new arrivals if needed. Property consists of (1) 2 bed 1 bath, (1) 1 bed 1 bath and 8 studios. Onsite laundry and 1 car garage for maintanance. Onsite parking for 10+ cars and opportunity to add additional units and garages if desired.

Multi-familyProperty Type

1945Year Built

0.34 acresLot Size

$312Price/Sq.Ft.

1 car garageParking

Listed by Kris Hansen •DRE #01878656 • Coldwell Banker Assoc.Brks-CL

Listed by Leif Hansen •DRE #01882844 • Coldwell Banker Assoc.Brkr-Mur

Contact: 951-551-6434

Bought with Jasdeep Kochar •DRE #01701084 • Ameristar Real Estate Inv.

Redfin checked: 2 minutes ago

•Source:CRMLS #SW23220906

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 92530, CA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.9%

+0.1% MoM

Median sale price

$574K

$4K MoM

Avg. days on market

57d

0 days MoM

Recently sold homes

152

19 MoM

New listings for sale

OPEN NOV 21, 11AM TO 4PM
$499,000
3 beds2 baths1,283 sq ft
33208 Gillette St, Lake Elsinore, CA 92530
OPEN SAT, 11AM TO 2PM
$665,000
4 beds3 baths2,508 sq ft
31404 Clement, Lake Elsinore, CA 92530
$649,995
4 beds2.5 baths2,073 sq ft
1011 Ryan Ct, Lake Elsinore, CA 92530
FOR SALE BY OWNER
$350,000
2 beds2 baths794 sq ft
15941 Avondale Way, Lake Elsinore, CA 92530
COMING SOON
$865,000
4 beds3.5 baths2,823 sq ft
19745 Berrywood Dr, Lake Elsinore, CA 92530
COMING SOON
$629,000
4 beds3 baths2,806 sq ft
30413 Hill Way, Lake Elsinore, CA 92530
OPEN SAT, 11AM TO 3PM
$599,999
3 beds2.5 baths1,725 sq ft
16492 Mountain, Lake Elsinore, CA 92530
3D WALKTHROUGH
$665,000
5 beds4 baths2,854 sq ft
29309 Links, Lake Elsinore, CA 92530
$579,000
3 beds2 baths1,549 sq ft
15338 Mesquite, Lake Elsinore, CA 92530
3D WALKTHROUGH
$515,000
3 beds2 baths1,520 sq ft
29380 Tournament, Lake Elsinore, CA 92530
See all

Provided by Redfin

Sale history for 121 S Spring

Date

Event

Price

CRMLS #SW23220906

Apr 11, 2024

Sold

$1,300,000

$312/sq ft

Mar 6, 2024

Pending

—

Mar 5, 2024

Relisted

—

Feb 20, 2024

Pending

—

Feb 8, 2024

Relisted

—

Jan 31, 2024

Pending

—

Jan 10, 2024

Relisted

—

Jan 10, 2024

Price Changed

$1,375,000

$330/sq ft

Jan 5, 2024

Pending

—

Dec 6, 2023

Listed

$1,400,000

$336/sq ft

CRMLS #SW23043327

Jun 3, 2023

Listing Removed

—

Mar 15, 2023

Listed

$1,550,000

$372/sq ft

CRMLS #T520626

May 26, 2006

Sold

$800,000

$192/sq ft

Dec 4, 2005

Listed

$1,100,000

$264/sq ft

Public Records

Jun 1, 1976

Sold

$35,000

$8/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$14,622 (+31.8%)

$491,691 + $898,569

$1,390,260

2024

$11,095 (−0.6%)

$464,100 + $861,900

$1,326,000

2023

$11,166 (+2.9%)

$167,461 + $851,831

$1,019,292

2022

$10,856 (+7.4%)

$164,178 + $855,114

$1,019,292

2021

$10,104 (+8.4%)

$160,959 + $828,645

$989,604

2020

$9,319 (+1.9%)

$157,803 + $759,432

$917,235

2019

$9,149 (−13.3%)

$156,185 + $685,315

$841,500

2018

$10,555 (+1.9%)

$153,123 + $826,916

$980,039

2017

$10,360 (+3.7%)

$147,179 + $794,805

$941,984

2016

$9,992 (+1.2%)

$147,179 + $794,805

$941,984

2015

$9,873 (+44.5%)

$144,294 + $779,221

$923,515

2014

$6,832 (+42.9%)

$108,000 + $512,000

$620,000

2013

$4,781

$100,000 + $315,000

$415,000

2012

$4,781 (−22.1%)

$100,000 + $315,000

$415,000

2011

$6,140 (−32.5%)

$100,000 + $315,000

$415,000

2010

$9,092 (−0.3%)

$100,000 + $450,000

$550,000

2009

$9,117 (+1.6%)

$132,336 + $714,617

$846,953

2008

$8,974

$132,651 + $716,315

$848,966

Tax history for 121 S Spring

Year

Property tax

Land + Additions

Assessment*

2025

$14,622 (+31.8%)

$491,691 + $898,569

$1,390,260

2024

$11,095 (−0.6%)

$464,100 + $861,900

$1,326,000

2023

$11,166 (+2.9%)

$167,461 + $851,831

$1,019,292

2022

$10,856 (+7.4%)

$164,178 + $855,114

$1,019,292

2021

$10,104 (+8.4%)

$160,959 + $828,645

$989,604

2020

$9,319 (+1.9%)

$157,803 + $759,432

$917,235

2019

$9,149 (−13.3%)

$156,185 + $685,315

$841,500

2018

$10,555 (+1.9%)

$153,123 + $826,916

$980,039

2017

$10,360 (+3.7%)

$147,179 + $794,805

$941,984

2016

$9,992 (+1.2%)

$147,179 + $794,805

$941,984

2015

$9,873 (+44.5%)

$144,294 + $779,221

$923,515

2014

$6,832 (+42.9%)

$108,000 + $512,000

$620,000

2013

$4,781

$100,000 + $315,000

$415,000

2012

$4,781 (−22.1%)

$100,000 + $315,000

$415,000

2011

$6,140 (−32.5%)

$100,000 + $315,000

$415,000

2010

$9,092 (−0.3%)

$100,000 + $450,000

$550,000

2009

$9,117 (+1.6%)

$132,336 + $714,617

$846,953

2008

$8,974

$132,651 + $716,315

$848,966

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.34 Acres

Year renovated

1950

Sq. Ft.

—

Year built

1950

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

374261004

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 4, 2026.

Property details

Parking

Parking / Garage Information
# of Garage Spaces: 1
# of Parking Spaces: 1

Interior

Laundry Information
Has Laundry
Individual Room

Cooling Information
Wall Window
Has Cooling

Heating Information
Wall Heater
Has Heating

Interior Features
Entry Level: 1
Entry Location: 1

Unit Type 1 Information
Unit Key Numeric: 11717086
Listing Key Numeric: 372213942
Actual Rent: $117,840
Total # of Baths: 10
# of Baths Full: 10
Total # of Beds: 11
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $117,840
Total # of Units: 10

Expenses
Trash: $3,136
Total: $20,044
Maintenance: $1,446
Insurance: $3,403
Water Sewer: $7,771
Electric: $369
New Taxes: $14,000

Multi-Unit Information
# of Units With Range: 10
Net Operating Income: $118,515
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 4,167
Gross Scheduled Income: $117,840
Gross Income: $117,840
Laundry Equipment Own or Lease: Own
Laundry Income: $675
# Of Leased Units: 10
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 11
# Of Buildings: 3

Exterior

Exterior Features
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Estimated
Lot Features: Lot 10000-19999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat, Park Nearby

Property Information
Common Interest: Community Apartment
Total # of Units: 10
Common Walls: No Common Walls
Parcel Number: 374261004
Total # of Stories: 1
Year Built Source: Estimated
Property ADU: No

Financial

Lease / Rental Details
Operating Expense: $20,044
Rent Control
Tenant Pays: Cable TV, Electricity, Phone
Total Actual Rent: $117,840

Utilities

Utilities Information
Sewer: Public Sewer
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: District/Public

Location

Neighborhood Information
Community Features: Lake, Park, Sidewalks

Location Information
Latitude: 33.66754900
Longitude: -117.32960800
Directions: 15 FWY to Main St to Spring St

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: 1.0
Lot Size: 0.34 acres
Style: Multi-Family (5+ Unit)
Year Built: 1950
Year Renovated: 1950
County: Riverside County
APN: 374261004

Home facts updated by county records on Nov 4, 2026

Other

Listing Information
IDX Contact Info: 951-551-6434
Days Active in MLS: 61
Continuous Days Active in MLS: 61

Listing Agent Information
List Agent First Name: Kris
List Agent Last Name: Hansen
Co-List Agent First Name: Leif
Co-List Agent Last Name: Hansen

Listing Office Information
List Office Name: Coldwell Banker Assoc.Brks-CL
Co-List Office Name: Coldwell Banker Assoc.Brkr-Mur

Selling Agent Information
Buyer Agent First Name: Jasdeep
Buyer Agent Last Name: Kochar

Selling Office Information
Buyer Office Name: Ameristar Real Estate Inv.

Around this home

Schools

K - 12
Preschool & daycare

Elsinore Elementary School

Public K-5 • Assigned • 0.3mi

2/10

Elsinore Middle School

Public 6-8 • Assigned • 0.6mi

3/10

Temescal Canyon High School

Public 9-12 • Assigned • 2.7mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

3% chance of being in a wildfire in next 30 years

6/10 Heat Factor

6 days above 105° expected this year, 17 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

6/10 Air Factor

9 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Lake Elsinore, CA • 92530

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 7.1 hours in December, placing it above the U.S. average for solar exposure.

9.8 hrs

7.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

3D WALKTHROUGH

$462,530

2 beds2 baths800 sq ft

17797 Grand A & B, Lake Elsinore, CA 92530

Private yard • Plenty of parking • Lakeside recreation

Century 21 Masters

$1,150,000

19 beds8 baths5,895 sq ft

4439 Wade Ave, Perris, CA 92571

1 acre parcel • 5 existing units • Pool

$2,040,000

14 beds14 baths7,800 sq ft

120 W Heald, Lake Elsinore, CA 92530

Shared water meter • Large lot • New roof

$4,000,000

30 beds25 baths14,500 sq ft

16459 Joy St, Lake Elsinore, CA 92530

Private patios • 0.6 acre lot • 18 garage spots

New listings for sale in 92530

OPEN NOV 21, 11AM TO 4PM

$499,000

3 beds2 baths1,283 sq ft

33208 Gillette St, Lake Elsinore, CA 92530

Lakefront living • Updated flooring • Recessed lighting

OPEN SAT, 11AM TO 2PM3D WALKTHROUGH

$665,000

4 beds3 baths2,508 sq ft

31404 Clement, Lake Elsinore, CA 92530

Paid-off solar • Rv parking • Upgraded kitchen

$649,995

4 beds2.5 baths2,073 sq ft

1011 Ryan Ct, Lake Elsinore, CA 92530

Cul-de-sac location • Large covered patio • Spacious backyard

FOR SALE BY OWNER

$350,000

2 beds2 baths794 sq ft

15941 Avondale Way, Lake Elsinore, CA 92530

View of the lake • Private beach • Converted garage

COMING SOON

$865,000

4 beds3.5 baths2,823 sq ft

19745 Berrywood Dr, Lake Elsinore, CA 92530

Customized pool home • Butler's station • Open upstairs loft

COMING SOON

$629,000

4 beds3 baths2,806 sq ft

30413 Hill Way, Lake Elsinore, CA 92530

Private hillside lot • Sweeping views • Lake views

OPEN SAT, 11AM TO 3PM

$599,999

3 beds2.5 baths1,725 sq ft

16492 Mountain, Lake Elsinore, CA 92530

Remodeled kitchen • Quartz countertops • Mountain views

3D WALKTHROUGH

$665,000

5 beds4 baths2,854 sq ft

29309 Links, Lake Elsinore, CA 92530

Open main level • Upstairs loft • Separate office

$579,000

3 beds2 baths1,549 sq ft

15338 Mesquite, Lake Elsinore, CA 92530

Mountain views • Lake views • Privacy

Home values near 121 S Spring

Data from public records.

Address	Redfin Estimate
137 S Spring Street, Lake Elsinore, CA 2 Beds \| 2 Baths \| 1621 Sq. Ft.	$561,577
207 W Limited Avenue, Lake Elsinore, CA 1 Beds \| 1 Baths \| 560 Sq. Ft.	$226,919
207 Avenue 2, Lake Elsinore, CA 1 Beds \| 1 Baths \| 520 Sq. Ft.	$226,285

Address	Redfin Estimate
145 S Spring Street, Lake Elsinore, CA 2 Beds \| - Baths \| - Sq. Ft.	$568,414
215 W Limited Avenue, Lake Elsinore, CA 2 Beds \| 1 Baths \| 800 Sq. Ft.	$383,264

Address	Redfin Estimate
205 W Limited Avenue, Lake Elsinore, CA 1 Beds \| 1 Baths \| 628 Sq. Ft.	$247,758
200 W Limited Avenue, Lake Elsinore, CA 2 Beds \| 1 Baths \| 865 Sq. Ft.	$360,815

Property information provided by CRMLS when last listed in 2023. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

Redfin Brokerage Licenses

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

92584 homes for sale
92530 homes for sale
92532 homes for sale
92562 homes for sale
92028 homes for sale

Houses for rent in Lake Elsinore	Agents near me	Irvine, CA homes for sale	Lake Elsinore Housing Market
Houses for sale near me	San Diego, CA homes for sale	Fremont, CA homes for sale
Land for sale near me	San Francisco, CA homes for sale	Sacramento, CA homes for sale
Open Houses near me	Los Angeles, CA homes for sale	Lake Elsinore Property Records
Condos for sale near me	San Jose, CA homes for sale	CA New Listings

Historical Downtown Lake Elsinore homes for sale
Lake Elsinore Historic District homes for sale

Irvine homes for sale
Temecula homes for sale
Riverside homes for sale

About this home

Redfin Estimate

Market trends in 92530, CA

Sale history for 121 S Spring

Tax history for 121 S Spring

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 92530

Home values near 121 S Spring

More real estate resources