120 W Heald Avenue, Lake Elsinore, CA 92530

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
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120 W Heald Avenue,Lake Elsinore, CA 92530
$2,100,000
  • - Beds
  • - Baths
  • 7,800 sq. ft.
  • Multi-family
  • Active
Listed by:susana franco
Office:golden eagle properties
MLS#:IV25118584
Source:CRMLS

Price summary

  • Price:$2,100,000
  • Price per sq. ft.:$269.23

About this home

Investment Opportunity – 14-Unit Multifamily Property in LAKE ELSINORE! Rare opportunity to acquire a well-maintained 14-unit multifamily property featuring a strong unit mix: four studios (0 bed / 1 bath), six one-bedroom units (1 bed / 1 bath), and four two-bedroom units (2 bed / 1 bath). All units are unfurnished and currently tenant-occupied, with no garage parking. The property is separately metered for electricity and gas (14 meters each) with one shared water meter, offering efficient utility management. Situated on a generous 18,730 sq ft lot (APNs: 374-173-002 and 374-173-003), the property is ideally located close to the lake and within walking distance to downtown, restaurants, and local shops. This prime location enhances tenant appeal and supports long-term rental stability. With consistent occupancy and strong rental demand, this property offers significant upside potential through rent increases and is ideal for investors seeking income stability and long-term

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Home facts

  • Year built:1923
  • Listing Id #:IV25118584
  • Added:81 day(s) ago
  • Updated:August 18, 2025 at 10:35 AM

Rooms and interior

  • Living area:7,800 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:7,800 sq. ft.
  • Lot area:0.43 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,100,000
  • Price per sq. ft.:$269.23
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