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Listed by GOLDEN EAGLE PROPERTIES, SUSANA FRANCO, Listing Contact: 951-591-2458

$2,040,000

120 W Heald, Lake Elsinore CA, 92530

Price per sqftN/A
Built in1923
Property typeMulti-family

Overview

Active

Listed Feb 2, 2026

Updated 5 days ago

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.

$13,572/mo

Est. mortgage payment based on a $2,040,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRIV26024597

Interior Features

Basement
No

Exterior Features

Lot Size
0.43 Acres
MLS provider logo

Listed by GOLDEN EAGLE PROPERTIES, SUSANA FRANCO DRE:01852097,
Listing Contact: 951-591-2458 

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Data last updated 4:47 AM UTC, 10/2/2026

 

 

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