305 W Heald, Lake Elsinore, CA 92530

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Sold Price
$477,000
List Price
$490,000
Closing Date
May 26, 2026
Status
CLOSED
MLS#
SW26009052
Year Built
1910
Lot Size
8,276
Acres
0.19
Lot Location
2-5 Units/Acre, Rectangular Lot, Street Level
Days on Market
52
Property Type
Multifamily
Style
Bungalow
Property Sub Type
Duplex
Stories
One Level

Property Description

Great investment--Two homes on one oversized lot. Home #1 is a 2 bedroom, 1 bath home with family room, kitchen, and front room area, just under 700 sq ft of living space. Home #2 is 2 bedroom, 1 bath home with family room and kitchen area, just under 600 sq ft. Units need some TLC but has huge potential. Walking distance to downtown, parks, schools. One unit is currently listed. Long term tenant would like to stay. Both units can be turned over vacant, if buyer desires.

Additional Information

Appliances
Gas Oven, Gas Range
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
Hills, Mountain(s), Neighborhood
Exterior Construction
Wood Siding
Roof
Composition, Shingle
Sewer
Public Sewer
Water
Public
Interior Features
Bedroom on Main Level, Main Level Primary
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$36,000
Operating Expense
3000

Listing courtesy of Listing Agent: Jessica Small (Jessica@JLSRealty.com) from Listing Office: Allison James Estates & Homes.

Listing sold by Jim Hernandez from 24 Hour Real Estate

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.