Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to the enchanting Southwest Riverside County, a hidden gem nestled in the heart of California! This vibrant region, particularly the charming city of Lake Elsinore, offers an exceptional blend of natural beauty, community spirit, and diverse real estate options. Known for its picturesque landscapes, including the stunning Lake Elsinore itself, this area provides an ideal backdrop for those seeking a serene yet active lifestyle.

Lake Elsinore is renowned for its year-round recreational opportunities, from hiking and biking along scenic trails to boating and fishing on the lake. The community is rich in culture, featuring local festivals, farmers' markets, and a welcoming atmosphere that invites residents to engage and connect. With a growing array of shops, restaurants, and entertainment venues, Lake Elsinore is perfect for families, retirees, and everyone in between.

For those considering a home in this delightful region, the availability of homes with apartment subtypes presents a unique opportunity. These properties often feature versatile living spaces, ideal for multi-generational families or those looking to generate rental income. Imagine having a cozy apartment suite within your home, providing privacy for guests or a separate space for a home office.

With a variety of architectural styles and price points, homes in Lake Elsinore cater to diverse tastes and budgets. Whether you’re drawn to a modern townhouse with stunning lake views or a charming single-family residence in a friendly neighborhood, Southwest Riverside County has something for everyone. Embrace the lifestyle you’ve always dreamed of in this beautiful corner of California!

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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