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120 W Heald, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:CENTURY 21 Affiliated
120 W Heald,Lake Elsinore, CA 92530
$2,040,000
  • 3 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: susana franco
Office: golden eagle properties
MLS#:IV26024597
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,040,000

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

  • Listing ID #:IV26024597
  • Added:265 day(s) ago
  • Updated:October 26, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$2,040,000
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