Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, a vibrant and picturesque region nestled in the heart of California's Riverside County, where stunning landscapes meet the charm of small-town living. Among the hidden gems of this area is Lake Elsinore, a city renowned for its breathtaking lake views, outdoor recreational activities, and a strong sense of community.

Lake Elsinore is not just a destination for adventure seekers; it’s also an ideal place for families and individuals looking for their dream home. The real estate market here offers a diverse range of options, including homes with apartment subtypes. These unique properties provide the perfect solution for multi-generational living or generating rental income, making them an attractive investment opportunity.

Imagine waking up to the serene beauty of the lake, with the majestic mountains as your backdrop. Homes with apartment subtypes in Lake Elsinore are designed to maximize space and comfort, often featuring separate entrances, modern amenities, and flexible floor plans. Whether you’re looking to accommodate extended family or seeking a way to supplement your income through rental opportunities, these homes cater to your needs.

Living in Southwest Riverside County means enjoying a rich array of outdoor activities, from hiking the stunning trails of the Santa Ana Mountains to boating on Lake Elsinore itself. With a warm climate year-round, this region is perfect for those who love the great outdoors.

Explore the charm of Lake Elsinore and discover the perfect home that suits your lifestyle. The opportunities are endless in this thriving community!

Newest Southwest Riverside County (SRCAR) Homes with Apartment Subtype

$2,050,000

IV26024597 MLS ⋅ Active Status

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 efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.

120 W Heald, Lake Elsinore

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