120 W Heald, Lake Elsinore, CA 92530
$2,040,000
Est. payment /mo
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3 Beds
3 Baths
0.43 Acres Lot
Price Dropped by $10K

120 W Heald Lake Elsinore, CA 92530

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

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

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

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager CA DRE#01374456

+1(858) 204-4262

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