120 W Heald Avenue new Save Request In-Person Tour Request Virtual Tour
Lake Elsinore,CA 92530
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25118584
Bedrooms 3
HOA Y/N No
Lot Size 0.430 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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.
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.
Location
State CA
County Riverside
Area Riv Cty-Lake Elsinore (92530)
Zoning Assessor
Building
Lot Description Sidewalks
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $37
Acceptable Financing Conventional
Space Rent $1,100
Listing Terms Conventional