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522 N Spring St, Lake Elsinore, CA 92530
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522 N Spring St Lake Elsinore, CA 92530

$449,990
  • 1 Beds
  • 3 Baths
  • 1,308 Sq.Ft.
For Sale
$449,990 Get Pre-Qualified
Map preview of 522 N Spring St, Lake Elsinore, CA 92530

Property Overview: 522 N Spring St Lake Elsinore, CA has 1 bedrooms, 3 bathrooms, 1,308 living square feet and 6,098 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Three fully occupied units centrally located just one block off main street and nearly adjacent to the freeway! This property consists of one building which functions as a duplex with a bedroom unit and a studio unit as well as a separate structure which is also currently rented out as a studio. Total monthly rents on all three are approx. $3700/mo! Despite its central location and easy access these units are located on a small non-through street access providing great privacy. The main building has central heating/ac the secondary building utilizes wall units. The 6000 sq. ft. lot provides plenty of parking and a lot of the flooring had been replaced prior to current tenant move-ins.

Listed by Jarrod Whitehorn | BRE #01480456 | Jarrod Whitehorn, Broker
Last checked: 2 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 134
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Home details

Lot Sq. Ft
6,098
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Triplex
Status
Active
MLS#
SW23187026
City
Lake Elsinore
County
Riverside
Time on Site
254 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,257
  • Total Rent: $1,257
  • Pro Forma/Market Rent: $1,257
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,095
  • Total Rent: $1,095
  • Pro Forma/Market Rent: $1,095
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $44,424
  • Net Operating Income: $36,199
  • Gross Operating Income: --
  • Vacancy Allowance: $0
Annual Expense Breakdown
  • Total Operating Expense: $8,225
  • Electric: $0
  • Gas/Fuel: $975
  • New Taxes: $4,000
  • Trash: $1,000
  • Insurance: $1,000
  • Maintenance: $0
  • Professional Management: $0
  • Water/Sewer: $1,250

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Property Details for 522 N Spring St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Space Heater
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Seller
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 377242029
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Main St -> Flint -> Spring
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Lake Elsinore Agent

Sale History for 522 N Spring St

Last leased for $1,100 on May 19th, 2020

  • October, 2023

  • Oct 6, 2023

    Date

    Active

    CRMLS: SW23187026

    $449,990

    Price

  • May, 2020

  • May 27, 2020

    Date

    Expired

    CRMLS: SW20062947

    $800

    Price

  • Apr 14, 2020

    Date

    Active

    CRMLS: SW20062947

    $800

    Price

  • Mar 31, 2020

    Date

    Hold

    CRMLS: SW20062947

    $800

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: SW20062947

    $800

    Price

  • Listing provided courtesy of CRMLS

    Charming, private one bedroom home located on a cul-de-sac street in the heart of Lake Elsinore! Step into this home offering a spacious floor plan featuring a sizable family room, dining area, and lovely kitchen! The kitchen offers a convenient layout, ample amount of cabinet space for storage, and sits just off the family room! The exterior of the home offers a large fenced front/ back yard. The front yard offers ample amount of parking space! This home is conveniently located within close proximity to Lake Elsinore's Historical Main Street, dining, major retailers, and quick access to the I-15 freeway! Don't miss out on this great opportunity! Square Footage is Estimated.

  • May, 2020

  • May 22, 2020

    Date

    Leased

    CRMLS: SW20062653

    $1,100

    Price

  • Apr 30, 2020

    Date

    Hold

    CRMLS: SW20062653

    $1,100

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: SW20062653

    $1,100

    Price

  • Listing provided courtesy of CRMLS

    Charming, private one bedroom home located on a cul-de-sac street in the heart of Lake Elsinore! Step into this home offering a spacious floor plan featuring a sizable family room, dining area, and lovely kitchen! The kitchen offers a convenient layout, ample amount of cabinet space for storage, and sits just off the family room! The exterior of the home offers a large fenced front/ back yard. The front yard offers ample amount of parking space! This home is conveniently located within close proximity to Lake Elsinore's Historical Main Street, dining, major retailers, and quick access to the I-15 freeway! Don't miss out on this great opportunity! Square Footage Estimated.

  • April, 2020

  • Apr 13, 2020

    Date

    Leased

    CRMLS: SW20062848

    $850

    Price

  • Apr 8, 2020

    Date

    Active

    CRMLS: SW20062848

    $850

    Price

  • Mar 27, 2020

    Date

    Hold

    CRMLS: SW20062848

    $850

    Price

  • Mar 24, 2020

    Date

    Active

    CRMLS: SW20062848

    $850

    Price

  • Listing provided courtesy of CRMLS

    Charming, private one bedroom home located on a cul-de-sac street in the heart of Lake Elsinore! Step into this home offering a spacious floor plan featuring a sizable family room, dining area, and lovely kitchen! The kitchen offers a convenient layout, ample amount of cabinet space for storage, and sits just off the family room! The exterior of the home offers a large fenced front/ back yard. The front yard offers ample amount of parking space! This home is conveniently located within close proximity to Lake Elsinore's Historical Main Street, dining, major retailers, and quick access to the I-15 freeway! Don't miss out on this great opportunity! Square Footage is Estimated.

  • January, 2004

  • Jan 8, 2004

    Date

    Sold (Public Records)

    Public Records

    $229,000

    Price

  • April, 1996

  • Apr 24, 1996

    Date

    Sold (Public Records)

    Public Records

    $148,959

    Price

Show More

Tax History for 522 N Spring St

Assessed Value (2020): $129,984
Year Land Value Improved Value Assessed Value
2020 $97,493 $32,491 $129,984

Home Value Compared to the Market

This property vs the competition

522 N Spring St is listed 27.3% lower than the median list price for the city of Lake Elsinore which has a median list price of $618,990. The median price per/sqft for Lake Elsinore is $301 and this home is listed at $344.03 per/sqft which puts the price per square foot 14.3% higher than the median price per square foot for the city of Lake Elsinore.

About 522 N Spring St

Detailed summary of property

522 N Spring St is a triplex located in Lake Elsinore, CA 92530 and is currently for sale. This triplex offers 1 bedrooms, 3 bathrooms, roughly 1,308 living square feet, and sits on an approximately 6,098 square foot lot. 522 N Spring St was first listed on ArdentRealEstateGroup.com on October 6, 2023. The homeowner is currently asking $449,990. The median priced home in Lake Elsinore is $618,990 with a median price per square foot of $301. Based on Ardent Real Estate Group's Lake Elsinore Market Data, this home is listed 27.3% lower than the median priced home. Local competing homes currently for sale include 1219 N G St. While the average home in Lake Elsinore, CA is selling in 53 days, 522 N Spring St has a days on market of 134 days. There are currently 286 homes for sale in the Lake Elsinore real estate market and 276 of them are single family homes while 7 of them are condos and 3 are townhomes. For more information on this home for sale at 522 N Spring St Lake Elsinore, CA 92530 contact Ardent Real Estate Group and we will put you in touch with one of our Lake Elsinore agents.

Public Facts for 522 N Spring St

Public county record property details
Beds
2
Baths
1
Year built
1928
Sq. Ft.
1,101
Lot Size
6,098
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Riverside
Lot#
22,24
APN
377-242-029

The source for these homes facts are from public records.

92530 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$598,000
Median List Price/Sq.Ft.
$325
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$325
Total Inventory
172
Median Sale to List Price %
98.21%
Avg Days on Market
37
Loan Type
Conventional (50%), FHA (27.5%), VA (5%), Cash (5%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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