Homes for sale - 120 W Heald AVE, Lake Elsinore, CA 92530

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,100,000

Est. payment - /mo

0.43 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25118584

HOA Y/N No

Year Built 1923

Lot Size 0.430 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning C1

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 374173002

Acceptable Financing Conventional, Submit

Listing Terms Conventional, Submit

Special Listing Condition Standard

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Listed by SUSANA FRANCO GOLDEN EAGLE PROPERTIES 951-591-2458

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