120 W Heald Avenue, Lake Elsinore, CA 92530 - Berkshire Hathaway HomeServices California Properties

120 W Heald Avenue, Lake Elsinore, CA 92530

$2,250,000 Approx. USD 0 beds, 0 baths

Listing Agent


SUSANA FRANCO | susana.franco27@gmail.com
Lic#: 01852097
Broker: Courtesy of GOLDEN EAGLE PROPERTIES

Agent Remarks

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 growth in a high-demand market.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# IV25118584
Price: $2,250,000
Beds: 0
Baths: 0
Built in 1923
1 story
0.43 acres
Lot size: 0.4300
County: Riverside
Zoning: C1
Lot description: ElevenToFifteenUnitsAcre
MLS area: SRCAR - Southwest Riverside County

Last Updated: 6/5/2025

 Days On Market (DOM): 29

 Find more Lake Elsinore homes and real estate

 Find more homes in 92530 zip code

This listing belongs to the SRCAR - Southwest Riverside County MLS area

Lat/Long: 33.669751, -117.327858.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

92530 Area Map

Demographics

Schools

Near by

Similar Listings