CA > Lake Elsinore
Lake Elsinore, CA 92530,120 W Heald Avenue
Lake Elsinore, CA 92530,120 W Heald Avenue
Lake Elsinore, CA 92530,120 W Heald Avenue
37
See all 37 photos
$2,250,000
Est. payment /mo
Save
3 Beds
3 Baths
0.43 Acres Lot
New

120 W Heald Avenue Lake Elsinore, CA 92530

Save
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
Fri
30
May
Sat
31
May
Sun
1
Jun
Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25118584

Bedrooms 3

HOA Y/N No

Lot Size 0.430 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

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.
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.

Location

State CA

County Riverside

Area Riv Cty-Lake Elsinore (92530)

Zoning Assessor

Building

Lot Description Sidewalks

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $37

Acceptable Financing Conventional

Space Rent $1,100

Listing Terms Conventional

San Diego Regional MLS (SDMLS)
Listed by SUSANA FRANCO • GOLDEN EAGLE PROPERTIES

GET MORE INFORMATION

agent

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of The GreenHouse Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

120 W Heald Avenue

QUICK SEARCH
There are 22 quick searches