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$2,200,000
19 Days On Site

120 W Heald
Lake Elsinore, CA 92530

For Sale|Apartment|Active
0
Beds
0
Total Baths
7,800
SqFt
$282
/SqFt
1923
Built
County:
Riverside
Listed by SUSANA FRANCO of GOLDEN EAGLE PROPERTIES susana.franco27@gmail.com

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120 W Heald120 W Heald120 W Heald120 W Heald
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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.

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Listing Snapshot
Price 
$2,200,000
Days On Site 
19 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.43 Acres
Year Built 
1923
MLS® Number 
IV26024597
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing first seen on site
3 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.43
Land Lease 
No
Levels 
One
Number Of Stories 
1
Parking 
On Street
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7800
Water Source 
Public
Interior Features
Fireplace Features 
None
Laundry Features 
None
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Exterior Features
Fencing 
Wrought Iron
Pool Features 
None
Roof 
Shingle
Community Features
Building Access 
Main Entrance
Community Features 
Sidewalks
Financing Terms Available 
Conventional1031 Exchange
MLS Area 
SRCAR - Southwest Riverside County


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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