120 W Heald Avenue, Lake Elsinore, CA 92530

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,100,000

Est. payment - /mo

3 Beds

0.43 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25118584

Bedrooms 3

Lot Size 0.430 Acres

Property Sub-Type Res Income 2-4 Units

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

Zoning Assessor

Direction Main St/Heald Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 374173002

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Listed by SUSANA FRANCO GOLDEN EAGLE PROPERTIES

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120 W Heald Avenue Lake Elsinore, CA 92530