858-525-5007

120 Heald, Lake Elsinore CA 92530 | $2,100,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 18730 Lot Sq Ft
  • Type: Apartment
  • Stories: 1
  • Year Built: 1923
  • MLS#: IV25118584
  • Community: SRCAR - Southwest Riverside County

Listing provided courtesy of SUSANA FRANCO of GOLDEN EAGLE PROPERTIES. Last updated 2025-11-10 09:11:39.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.43 Acres
1 Story

David Piper​

Call or Text: 858-525-5007

DRE# 02021985