31850 Railroad Canyon Rd · Canyon Lake, CA 92587

$279,999

2 bd · 2.0 ba · 1,312 sqft · Condo public records · 160 Days on market

Built 1976 $752/mo HOA · 23% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.2/30.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Schools +3.7/10.0
• DSCR +3.6/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

Key facts

• Indoor laundry area
• 16 parks
• Private balcony

Tags

• GATED WATERFRONT COMMUNITY
• RESORT STYLE AMENITIES
• PRIVATE BALCONY
• INDOOR LAUNDRY AREA
• 400 ACRE WATERSKI FISHING LAKE
• 16 PARKS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $280k.

Deal economics

• At list price, monthly cash flow is $-58 ($-698/yr) — negative.
• To cash-flow at today's rent, offer at most $270k (3.7% below list).
• Meets the 1% rule at list price ($3k rent vs $280k).
• Recommended offer: $246k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 2.3% in Canyon Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 56/100 on livability (#825 in CA) — a working-class tenant base; expect higher turnover. Strengths: crime A+, employment A+, housing A+; Watch: health & safety C-, schools D, amenities F.
• Lake Elsinore Unified (suburban): math 34% / reading 49% proficiency, ranked #210 of 517 in CA (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 248 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 24y ago; this cycle's ask has dropped $39k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $246,399 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.15% ✓
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.38×
• Total profit: $-48,613
• Equity at exit: $41,749

10-year hold

• IRR: -9.3%
• Equity multiple: 0.42×
• Total profit: $-45,223
• Equity at exit: $24,209

Cash invested: $78,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92587

• Active inventory: 248
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $3,227 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$270 /mo · $3,246/yr
• Insurance: −$117
• HOA: −$752
• Vacancy / Maint / Mgmt: −$678
• Net cashflow: $-58

Break-even live

Break-even rent $3,301

Max offer price $269,728

Occupancy floor 97%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30820 Early Round Dr Canyon Lake, CA	3.0	2.0	1408	$3,450	$2.45	5d	1	0.44mi
22910 Pheasant Dr Canyon Lake, CA	3.0	2.0	1535	$3,500	$2.28	24d	1	0.46mi
30505 Canyon Hills Rd #1502 Lake Elsinore, CA	3.0	2.5	1565	$3,500	$2.24	18d	1	0.57mi
30505 Canyon Hills Rd Lake Elsinore, CA	2.0	2.5	1274	$2,725	$2.14	43d	2	0.59mi
34281 Woodmont Lake Elsinore, CA	3.0	2.5	1767	$2,995	$1.69	10d	1	0.93mi
22392 Canyon Club Dr Canyon Lake, CA	2.0	2.0	1423	$2,600	$1.83	43d	1	1.06mi
24024 Roybal Way Lake Elsinore, CA	3.0	2.5	1792	$3,400	$1.90	16d	1	1.07mi
24024 Savory Way Lake Elsinore, CA	3.0	2.5	1805	$3,000	$1.66	43d	1	1.17mi
30345 Little Harbor Dr Canyon Lake, CA	3.0	2.0	1611	$3,945	$2.45	1d	1	1.18mi
23685 Casa Bonita Ave Menifee, CA	3.0	2.0	1277	$2,795	$2.19	1d	1	1.29mi
21963 Strawberry Ln Canyon Lake, CA	3.0	3.0	1347	$3,950	$2.93	24d	1	1.38mi
30062 Big Range Rd Canyon Lake, CA	1.0	1.0	1150	$2,400	$2.09	43d	1	1.47mi

HOA detail condo

• Monthly dues: $752 · $9,024/yr
• Likely covers: watertrashpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-09
   days on market $279,999 Active 160 DOM
2. 2026-06-08
   days on market $279,999 Active 159 DOM
3. 2026-06-07
   days on market $279,999 Active 158 DOM
4. 2026-06-04
   days on market $279,999 Active 155 DOM
5. 2026-06-03
   days on market $279,999 Active 154 DOM
6. 2026-06-02
   days on market $279,999 Active 153 DOM
7. 2026-06-01
   days on market $279,999 Active 152 DOM
8. 2026-05-31
   days on market $279,999 Active 151 DOM
9. 2026-05-06
   price $279,999 1765-char remark

   Show marketing remark (1765 chars)

   Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

10. 2026-03-26
    price $299,499 1765-char remark

    Show marketing remark (1765 chars)

    Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

11. 2026-03-04
    price $299,999 1765-char remark

    Show marketing remark (1765 chars)

    Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

12. 2026-02-27
    price $313,500 1765-char remark

    Show marketing remark (1765 chars)

    Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

13. 2026-02-12
    price $318,500 1765-char remark

    Show marketing remark (1765 chars)

    Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

14. 2025-12-31
    listed $319,000 Active 1765-char remark

    Show marketing remark (1765 chars)

    Welcome to this inviting condo in the highly sought-after, gated waterfront community of Canyon Lake! Designed for easy living, this well-cared-for home offers a low-maintenance lifestyle paired with access to resort-style amenities that will keep even the most active individual busy as a bee! Inside, you’ll find a bright and open living space filled with natural light, creating a warm and welcoming atmosphere ideal for everyday living or entertaining. The thoughtfully designed kitchen features modern appliances, generous cabinetry, and a convenient breakfast bar—perfect for casual meals or hosting guests. The home offers three well-proportioned bedrooms, including a spacious primary suite complete with a private en-suite bathroom, ample closet space, and the added convenience of an indoor laundry area. A main-floor bedroom and bathroom provide flexibility for guests, a home office, or multigenerational living. Step outside to a private balcony or patio—an ideal spot to enjoy your morning coffee or relax while taking in peaceful community views. Canyon Lake living offers a 400 acre waterski/fishing lake, 16 parks most with beaches and playsets, basketball, baseball, pickle ball, equestrian center, 18 hole golf course, pools, dog park, BMX pump track, golf cart friendly streets, slalom course, ski jump, restaurants, miles of hiking/biking/horse trails, community events and so much more! Conveniently located near schools, shopping, dining, and major commuter routes, this home offers both comfort and convenience. Association dues include water, trash, and additional services, adding even more value. Don’t miss this opportunity to enjoy relaxed condo living in one of Canyon Lake’s most desirable communities.

15. 2023-08-23
    soldstatus $270,000 Closed Sale 2379-char remark

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

16. 2023-08-23
    soldstatus $270,000

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

17. 2023-07-26
    status Pending Sale 2379-char remark

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

18. 2023-07-22
    status Active 2379-char remark

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

19. 2023-07-19
    status Pending Sale 2379-char remark

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

20. 2023-07-11
    listed $270,000 Active 2379-char remark

    Show marketing remark (2379 chars)

    Welcome to this beautiful condo located at 31850 Railroad Canyon Rd, situated in the desirable community of Canyon Lake. This well-maintained condo offers a convenient and low-maintenance lifestyle, making it the perfect choice for those seeking comfort and convenience. Step inside and be greeted by an open and spacious living area that features large windows, allowing for an abundance of natural light to fill the space. The living room is perfect for relaxation and entertaining, providing a comfortable atmosphere for gathering with family and friends. The condo offers a well-appointed kitchen equipped with modern appliances, ample cabinet space, and a convenient breakfast bar. Whether you're preparing a quick meal or hosting a dinner party, this kitchen provides all the necessities for your culinary needs. The condo includes three generously sized bedrooms, each offering a peaceful retreat for rest and relaxation. The master bedroom features a private en-suite bathroom and a spacious closet, providing convenience and privacy. The additional bedroom is versatile and can be used as a guest room, home office, or hobby space, depending on your preferences and needs. There is also a main floor bedroom and bathroom. The condo also comes with an indoor laundry room located conveniently in the master bedroom. Outside, you'll find a cozy balcony or patio area, perfect for enjoying a morning cup of coffee or unwinding at the end of the day. Embrace the serene surroundings and enjoy the beautiful views of the community. Living in this condo grants you access to the amenities and benefits of the Canyon Lake community. Take advantage of the private lake, where you can enjoy boating, fishing, and various water activities. The community also offers parks, sports courts, a golf course, and clubhouse facilities, ensuring there is always something to do for recreation and relaxation. Conveniently located near schools, shopping centers, dining establishments, and major transportation routes, this condo provides easy access to all the necessities of daily life. Don't miss the opportunity to own this wonderful condo at 31850 Railroad Canyon Rd, offering a comfortable and low-maintenance lifestyle in the desirable community of Canyon Lake, CA. Experience the best of condo living in this beautiful setting. Association dues include water, trash, and much more!

21. 2022-02-22
    soldstatus $255,000 Closed Sale
22. 2022-02-22
    soldstatus $255,000
23. 2022-02-10
    status Pending Sale
24. 2022-01-18
    historical Active Under Contract
25. 2021-11-02
    listed $249,900 Active
26. 2017-10-05
    status Active
27. 2017-10-05
    historical
28. 2017-09-19
    historical Active Under Contract
29. 2017-09-08
    price $199,000
30. 2017-07-26
    listed $217,000 Active
31. 2013-08-09
    soldstatus $92,000 Closed
32. 2013-08-09
    soldstatus $92,000
33. 2013-06-13
    listed $94,500 Active
34. 2013-05-30
    historical
35. 2013-05-13
    price $104,900
36. 2013-05-07
    price $109,900
37. 2013-05-03
    price $124,900
38. 2013-04-30
    price $129,900
39. 2013-04-27
    price $134,900
40. 2013-04-09
    price $144,000
41. 2013-03-13
    price $149,900
42. 2013-02-18
    listed $154,900 Active
43. 2011-06-30
    soldstatus $62,000 Closed
44. 2011-06-08
    status Pending
45. 2011-05-30
    price $62,900
46. 2011-04-28
    listed $74,900 Active
47. 2011-02-11
    historical
48. 2011-02-03
    price $75,000
49. 2010-10-15
    price $99,000 Active
50. 2010-10-15
    status Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $3,246 · $270/mo
• Projected year-2 tax: $3,246 · $270/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 6/10 Major 6 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,724
• − Mortgage interest: −$15,684
• − Property taxes: −$3,246
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,098
• − Management: −$3,098
• − HOA: −$9,024
• − Depreciation: −$8,145
• Taxable loss: −$4,971
• Est. tax savings @ 24.0%: +$1,193
• After-tax cash flow: $495/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Lake Elsinore Unified
• NCES district ID: 0600027
• Math proficiency: 34% ▲ 5.00%
• Reading proficiency: 49% ▲ 8.00%
• Median HH income: $63,829
• Composite: 37.01/100
• National rank: #4518
• State rank: #210 of 517 in CA

Livability — Canyon Lake

• Score: 56/100
• State rank: #825
• US rank: #23089

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety C- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canyon Lake, CA
• Population (ZIP): 18,382

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 55% Hispanic / Latino 30% Two or more races 15% Black 4% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 25% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 80% English-only · Spanish 17% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -403.17%
• Current HPI: 336.4209
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+250.0% since first listed

65 events — show timeline

• 2026-05-06 Price Changed $279,999 CRMLS
• 2026-03-26 Price Changed $299,499 CRMLS
• 2026-03-04 Price Changed $299,999 CRMLS
• 2026-02-27 Price Changed $313,500 CRMLS
• 2026-02-12 Price Changed $318,500 CRMLS
• 2025-12-31 Listed $319,000 CRMLS
• 2023-08-23 Sold (Public Records) $270,000 Public Records
• 2023-08-23 Sold (MLS) $270,000 CRMLS
• 2023-07-26 Pending — CRMLS
• 2023-07-22 Relisted — CRMLS
• 2023-07-19 Pending — CRMLS
• 2023-07-11 Listed $270,000 CRMLS
• 2022-02-22 Sold (Public Records) $255,000 Public Records
• 2022-02-22 Sold (MLS) $255,000 CRMLS
• 2022-02-10 Pending — CRMLS
• 2022-01-18 Contingent — CRMLS
• 2021-11-02 Listed $249,900 CRMLS
• 2017-10-05 Relisted — CRMLS
• 2017-10-05 Listing Removed — CRMLS
• 2017-09-19 Contingent — CRMLS
• 2017-09-08 Price Changed $199,000 CRMLS
• 2017-07-26 Listed $217,000 CRMLS
• 2013-08-09 Sold (Public Records) $92,000 Public Records
• 2013-08-09 Sold (MLS) $92,000 CRMLS
• 2013-06-13 Listed $94,500 CRMLS
• 2013-05-30 Listing Removed — CRMLS
• 2013-05-13 Price Changed $104,900 CRMLS
• 2013-05-07 Price Changed $109,900 CRMLS
• 2013-05-03 Price Changed $124,900 CRMLS
• 2013-04-30 Price Changed $129,900 CRMLS
• 2013-04-27 Price Changed $134,900 CRMLS
• 2013-04-09 Price Changed $144,000 CRMLS
• 2013-03-13 Price Changed $149,900 CRMLS
• 2013-02-18 Listed $154,900 CRMLS
• 2011-06-30 Sold (MLS) $62,000 CRMLS
• 2011-06-08 Pending — CRMLS
• 2011-05-30 Price Changed $62,900 CRMLS
• 2011-04-28 Listed $74,900 CRMLS
• 2011-02-11 Listing Removed — CRMLS
• 2011-02-03 Price Changed $75,000 CRMLS
• 2010-10-15 Relisted — CRMLS
• 2010-10-15 Price Changed $99,000 CRMLS
• 2010-07-26 Listing Removed — CRMLS
• 2010-07-21 Listed $39,000 CRMLS
• 2008-11-01 Listing Removed — CRMLS
• 2007-08-30 Price Changed $218,000 CRMLS
• 2007-08-15 Price Changed $219,000 CRMLS
• 2007-06-23 Price Changed $229,900 CRMLS
• 2007-06-19 Price Changed $235,000 CRMLS
• 2007-06-14 Price Changed $229,900 CRMLS
• 2007-06-11 Price Changed $235,000 CRMLS
• 2007-04-12 Price Changed $239,000 CRMLS
• 2007-04-07 Listed $259,000 CRMLS
• 2006-11-13 Listing Removed — CRMLS
• 2006-05-12 Listed $259,000 CRMLS
• 2005-09-02 Sold (Public Records) $225,000 Public Records
• 2005-09-01 Sold (MLS) $225,000 CRMLS
• 2005-05-17 Listed $229,900 CRMLS
• 2003-10-15 Listing Removed — CRMLS
• 2003-04-21 Sold (Public Records) $120,000 Public Records
• 2003-04-03 Sold (MLS) $123,000 CRMLS
• 2002-12-30 Listed $125,000 CRMLS
• 2002-10-15 Listed $140,000 CRMLS
• 2000-06-30 Sold (Public Records) $73,000 Public Records
• 1994-04-21 Sold (Public Records) $80,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $3,246 · +4.2% YoY. Source: county tax records.