120 W Heald, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
120 W Heald,Lake Elsinore, CA 92530
$2,050,000
  • - Beds
  • - Baths
  • 7,800 sq. ft.
  • Multi-family
  • Active
Listed by: susana franco
Office: golden eagle properties800-763-7154
MLS#:IV26024597
Source:CRMLS

Price summary

  • Price:$2,050,000
  • Price per sq. ft.:$262.82

About this home

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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Home facts

  • Year built:1923
  • Listing ID #:IV26024597
  • Added:102 day(s) ago
  • Updated:May 10, 2026 at 01:20 PM

Rooms and interior

  • Living area:7,800 sq. ft.

Structure and exterior

  • Roof:Shingle
  • Year built:1923
  • Building area:7,800 sq. ft.
  • Lot area:0.43 Acres
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,050,000
  • Price per sq. ft.:$262.82

Parking

  • Parking description:On Street
Based on information from California Regional Multiple Listing Service, Inc. as of May 16, 2026 . 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. 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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