Property Details
About this Property
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.
MLS Listing Information
MLS #
CRIV26024597
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Laundry
None
Exterior Features
Roof
Shingle
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 8 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
120 W Heald is a Residential Income in Lake Elsinore, CA 92530. This – square foot property sits on a 18,730 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,200,000 and was built in 1923. This address can also be written as 120 W Heald, Lake Elsinore, CA 92530.
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This listing information is up-to-date as of February 03, 2026. For the most current information, please contact SUSANA FRANCO, (951) 591-2458
