Sold for $475,000

Listed by: Zember Realty Group • Louis Zember • Contact: 760-427-1000

Bought with: Century 21 Allstars

$475,000

311 W Heald Ave, Lake Elsinore, CA 92530

12beds

--baths

2,212sqft

Triplex

Built in 1924

-- sqft lot

$-- Zestimate^®

$215/sqft

$2,757 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,757/mo

Zestimate^® history

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$2,757/mo

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$3,062/mo

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$3,062/mo

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What's special

* 3 UNITS * GREAT LOCATION * INVESTMENT OPPORTUNITY * This investment property offers 1 house and 1 duplex (2 - 1 bed/ 1 bath units). This is a FIXER UPPER opportunity. Located close to downtown Lake Elsinore which ensures convenient access to the city's amenities, including shops, restaurants, and cultural attractions, all within minutes from the property. This property is perfect for owner occupied, rental income, or both. Come see what opportunity awaits with this diamond in the rough.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12

Heating

See Remarks

Cooling

See Remarks

Appliances

Laundry: See Remarks

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total structure area: 2,212
Total interior livable area: 2,212 sqft

Property

Parking

Parking features: None

Features

Levels: One
Stories: 1
Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: None

Lot

Size: 7,841 Square Feet
Features: Level

Details

Parcel number: 374161014
Zoning: R2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex
Attached to another structure: Yes

Materials

Foundation: See Remarks
Roof: Composition

Condition

Fixer
New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

Community & HOA

Community

Features: Curbs, Sidewalks

Location

Region: Lake Elsinore

Financial & listing details

Price per square foot: $215/sqft
Date on market: 5/9/2025
Cumulative days on market: 7 days
Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Road surface type: Paved

Price history

Date	Event	Price
7/1/2025	Sold	$475,000-9.5%$215/sqft
Source: CRMLS #SW25101500 Report a problem
5/17/2025	Pending sale	$525,000$237/sqft
Source: CRMLS #SW25101500 Report a problem
5/9/2025	Listed for sale	$525,000+320%$237/sqft
Source: CRMLS #SW25101500 Report a problem
5/9/2002	Sold	$125,000$57/sqft
Source: Agent Provided Report a problem