#SW25100088, John Churchill, Listing office: Churchill and Associaties
#IV25118584·
Listing office: GOLDEN EAGLE PROPERTIES·
Listing agent: SUSANA FRANCO·
Listing office phone: 951-591-2458
$2,100,000 List price
120 W Heald Ave Lake Elsinore, CA 92530
0.4 acres
Condo
Property details
About 120 W Heald Ave
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.
Highlights
Home typeCondominium
StatusActive
Lot size0.43 Acres
Year built1923
MLS #IV25118584
Summary
- Private Pool: No
- List Price: $2,100,000
- Annual Tax Amount: $6,838
- Tax Year: 2024
- Directions: Main St/Heald Ave
- Year Built: 1923
- Stories: 1
- Lot Size: 0.43 Acres
- MLS Number: IV25118584
- MLS Name: CRMLS
- Office Name: GOLDEN EAGLE PROPERTIES
- Office Phone: (951) 591-2458
- Listing Agent: SUSANA FRANCO
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 27, 2019 | Home Sold | $1,200,000 |
| Jul 17, 2003 | Home Sold | $650,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $620,801 | $6,838 |
| 2023 | $608,630 | $6,755 |
| 2022 | $596,697 | $6,629 |
| 2021 | $584,998 | $6,505 |
| 2020 | $579,000 | $6,443 |
| 2018 | $349,862 | $4,070 |
| 2017 | $343,003 | $3,865 |
History based on county public records data.
Nearby schools
3
Elsinore Elementary School
Public District KG-5
0.3 mi
•512 W Sumner Ave
5
Railroad Canyon Elementary School
Public District KG-5
1.1 mi
•1300 Mill St
5
Earl Warren Elementary School
Public District KG-5
1.9 mi
•41221 Rosetta Canyon Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,642. The majority of Lake Elsinore, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
43%
<35k
52%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
33%
Single, No Kids
25%
Single, with Kids
14%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Basketball
Pro Wrestling
Where do the neighbors shop?
Burlington
Ross Dress For Less
Family Dollar
Where do the neighbors go to eat?
Popeyes
Jasons Deli
Cicis Pizza
What do the neighbors drive?
Dodge
Acura
Pontiac
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 120 W Heald Ave
The listing price of 120 W Heald Ave property is $2,100,000.
The property 120 W Heald Ave is a condo located in Lake Elsinore, California, 92530.
Active Listing: 120 W Heald Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 120 W Heald Ave are: Elsinore Elementary School (GreatSchools Rating 3/10), Railroad Canyon Elementary School (GreatSchools Rating 5/10), Earl Warren Elementary School (GreatSchools Rating 5/10), Elsinore Middle School (GreatSchools Rating 3/10), Lakeland Village School (GreatSchools Rating 3/10), Julia Lee Performing Arts Academy (GreatSchools Rating 4/10), Ortega High School (GreatSchools Rating 4/10), Keith Mccarthy Academy (GreatSchools Rating 3/10), Temescal Valley High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $6,838 (source: MLS/based on county public records data).
The last sale was on September 27, 2019 for $1,200,000 (source: MLS/tax record).
The property at 120 W Heald Ave has 0 bathroom.
The year of construction for 120 W Heald Ave is 1923.
This home is located at 120 W Heald Ave in Lake Elsinore, CA and zip code 92530 in the Lake Elsinore Historic District neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 28, 2025 and is currently priced at $2,100,000.
Over 25 listings were sold over their listed price in June 2025 in Lake Elsinore, CA. In the same period over 25 listings were sold below the listed price and 20 listings were sold for the listed price. The number of listings in Lake Elsinore, CA decreased by 0.5% between May and June 2025. Listings spent 48 days on the market in June 2025, and had a median list price of $600,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.