120 W Heald
Lake Elsinore, CA 92530
0
Bed
0
Bath
7,800Sqft
18,730Sqft(Lot)
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 t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Shingle Fireplace: None -
Fireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1923 Building Area Total: 7,800 Roof: Shingle -
Pool Features
NoneLaundry Features
NoneFencing
Wrought Iron
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.43 -
Lot Size Source: Assessor Lot Size Square Feet: 18730
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Listing Price Information
Original List Price: 2,050,000 Listing Contract Date: 2026-02-02 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 374173002
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Garage and Parking
Garage Description: On StreetHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Source Neighborhood: SRCAR - Southwest Riverside County Directions: Main St./Heald Ave Source Property Type: Residential Income Area: SRCAR - Southwest Riverside County Property SubType: Apartment -
Building and Construction
Property Age: 103 Common Walls: 1 Common Wall Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Main Entrance Property Attached: Yes Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 32857 Valley View Avenue, Lake Elsinore, CA, 92530 | $343,000 | 2 | 2 | 800 | 800 SqFt |
| 29546 Major League, Lake Elsinore, CA, 92530 | $565,000 | 3 | 2 | 1,920 | 1,920 SqFt |
| 29522 Mascot, Lake Elsinore, CA, 92530 | $605,000 | 4 | 2 | 2,049 | 2,049 SqFt |
| 29336 Grand Slam, Lake Elsinore, CA, 92530 | $850,000 | 4 | 3 | 3,351 | 3,351 SqFt |
| 29307 Saltbush, Lake Elsinore, CA, 92530 | $859,999 | 6 | 5 | 3,605 | 3,605 SqFt |
| 29428 Golden Glove, Lake Elsinore, CA, 92530 | $579,000 | 3 | 2 | 1,739 | 1,739 SqFt |
| 29467 Village Parkway, Lake Elsinore, CA, 92530 | $675,000 | 4 | 3 | 1,856 | 1,856 SqFt |
| 29301 Dogwood, Lake Elsinore, CA, 92530 | $739,000 | 4 | 3 | 2,829 | 2,829 SqFt |
| 29313 Allstar, Lake Elsinore, CA, 92530 | $620,000 | 5 | 3 | 2,149 | 2,149 SqFt |
| 29354 Sword Fern, Lake Elsinore, CA, 92530 | $640,000 | 4 | 3 | 2,309 | 2,309 SqFt |
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ByOwner last updated this listing 06/16/2026 @ 03:53
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