$ 2,100,000
-
$2,100,000
Price -
3
Bed -
3
Bath -
7,800
SqFt
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About the Listing IVGEP - IFRANSUS
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.
Listing Highlights for 120 W Heald Ave
Status
Active
Days on Site
101
Property Type
Multi-Family
MLS ®
IV25118584
Year Built
1923
Total Square Footage
7,800
Lot/Acreage
0.43
County
Riverside
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 11-15 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: C1
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 374173002
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
120 W Heald Ave Lake Elsinore, CA 92530
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