1001 W Heald, Lake Elsinore, California 92530, Lake Elsinore, 92530 - 0 bed, 0 bath
Loading property details...
Lake Elsinore, California 92530
Analysis of 1001 W Heald, Lake Elsinore, California 92530 is currently available with a list price of $390,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lake Elsinore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property is in significant disrepair and is explicitly marketed as a fixer-upper. Interior images show extensive deferred maintenance, including missing or severely damaged flooring (exposed subfloors), outdated and broken bathroom fixtures, peeling paint, and kitchens with missing cabinetry and exposed plumbing. Built in 1948, the home requires a complete overhaul of its aesthetic and likely its major systems to meet modern living standards.
Zoned R2 with two separate units and individual electrical meters, this property offers excellent flexibility for rental income, multi-generational living, or house hacking.
The upper unit features a massive wrap-around deck providing stunning views of Lake Elsinore, significantly increasing the property's desirability and future resale value.
Situated on a large 12,197 sqft lot, the property boasts an oversized parking area and high usability, offering rare space and accessibility for a multi-unit residence.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1780, other record living area = 697.
The property was recently sold within the past year on 2026-03-26. The sold price is $250,000.00.
The property is identified as a fixer-upper, requiring a substantial investment of time and capital to bring it up to modern standards and maximize its market potential.
Unique 2 unit investment opportunity property zoned R2, fixer upper property with 2 units and one large property. The top unit was measured and appraised as 680 sf with 2 bedrooms 1 bath, kitchen is set up with washer and dryer hookups. This unit has its own electrical meter, its own separate parking and access with a massive walk off/wrap around deck that overlooks the lake!! The downstairs unit measured and appraised as 1100 sf with 2 bd, 1 bath and its own laundry room. This unit has an extra large entry and parking area that has so much usability the neighbors are all jealous of this property layout and size. This property is ready for its new owner to fix it up use one and rent the other, use both for multi generation family or a great rental investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,780 | 1,780 | 50% |
| Lot Size | 12,197 | 39,204 | 33% |
| Price | $390.0K | $675.0K | 33% |
| Price per sq ft | $219 | $314 | 33% |
| Built year | 1948 | 1964 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 196 | 33% |
Apr 13, 2026
$390,000
Initial Listing
Mar 26, 2026
$250,000
Public Record
Aug 3, 2010
$70,000
Public Record