120 Heald, Lake Elsinore CA 92530 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of SUSANA FRANCO of GOLDEN EAGLE PROPERTIES. Last updated 2025-06-18 08:11:47.000000. Listing information © 2024 Sandicor.

Asking Price: $2,250,000 | ​​​​​​​

120 Heald, Lake Elsinore CA 92530

Community: ​SRCAR - Southwest Riverside County


This Apartment property was built in 1923 and is priced at $2,250,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: IV25118584
  • Type: Apartment
  • Year Built: 1923
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.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152