120 W Heald, Lake Elsinore, CA 92530
120 W Heald, Lake Elsinore, CA 92530
120 W Heald, Lake Elsinore, CA 92530
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$2,050,000
Est. payment /mo
3 Beds
3 Baths
0.43 Acres Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV26024597

Bedrooms 3

Lot Size 0.430 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Rare opportunity to acquire a stabilized 14-unit multifamily asset in a prime Lake Elsinore location near the lake and within walking distance to downtown, dining, and shopping. The property features a desirable unit mix of four studios, six 1-bed/1-bath units, and four 2-bed/1-bath units, all currently tenant occupied and generating immediate income. Utilities are efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.

Location

State CA

County Riverside

Zoning Assessor

Direction Main St./Heald Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 374173002

Acceptable Financing Conventional, Exchange

Listing Terms Conventional, Exchange

Read Less Info
MLS Router / San Diego MLS
Listed by SUSANA FRANCO, DRE#01852097 GOLDEN EAGLE PROPERTIES 

Nearby Locations

GET MORE INFORMATION

Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Margaret DeLao, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.