Alta Realty Group Ca, Inc.
Liane Thomas, Alta Realty Group Ca, Inc.Phone: (951) 454-3805
Email: Liane@TheJetTeam.com
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listing
1 of 38
Residential IncomeFor Sale
$2,250,000
120 W Heald Avenue
Lake Elsinore, CA 92530
Listing Office: Golden Eagle Properties
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$11,714/mo

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.

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Information courtesy of Golden Eagle Properties is subject to verification and is not guaranteed.
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