$2,050,000
-$50,000120 W Heald, Lake Elsinore CA 92530
Multi-Family (14 Units)
Property type
130 days
On market
$263
Price per sqft
0 cars
Garage
1923
Year built
18,730 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: SUSANA FRANCO DRE #01852097 951-591-2458, GOLDEN EAGLE PROPERTIES
Listing updated: Jun 13, 2026 at 07:15am.
Last checked: Jun 13, 2026 at 08:00am
Source: CRMLS #IV26024597
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 0 | 1 | — | $1,100 | $4,400 | $1,250 | Unfurnished |
| 6 | 1 | 1 | — | $1,200 | $7,200 | $1,450 | Unfurnished |
| 4 | 2 | 1 | — | $1,300 | $5,200 | $1,550 | Unfurnished |
# of Buildings: 8
# of Units Total: 14
Separate Electric Meters: 14
Separate Gas Meters: 14
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.2x
List Price / Annual Gross Rent
Cap Rate
6.69%
NOI / List Price
Gross Scheduled Income: $201,600
Operating Expense: $64,523
Net Operating Income: $137,077
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Fireplace: None
Laundry: None
Entry Location: Main Entrance
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Shingle
Common Walls: One Common Wall
Lot Features: Eleven To Fifteen Units Acre
Pool: None
Fencing: Wrought Iron
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: On Street
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 374173002
Additional Parcels: Yes
Tax Lot: 8
Tax Block: 21
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 120 W Heald, Lake Elsinore, CA 92530. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,640,000
Total Interest
$2,091,730
Total Payment
$3,731,730
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,651
per month
Property History for 120 W Heald
Lake Elsinore Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92530.
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