Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, California – a hidden gem nestled in the heart of Riverside County. This vibrant city, known for its stunning natural beauty and rich history, is an ideal destination for those seeking a perfect blend of suburban charm and outdoor adventure. With the majestic Lake Elsinore at its core, residents can enjoy a plethora of recreational activities, from boating and fishing to hiking in the nearby Cleveland National Forest.

Lake Elsinore boasts a diverse community, offering a variety of amenities, including parks, shopping centers, and dining options that cater to every palate. The city's convenient location provides easy access to major highways, making it a commuter's dream while still maintaining a serene, small-town atmosphere.

For those looking to invest in real estate, Lake Elsinore presents a unique opportunity with its homes featuring apartment subtypes. These properties are perfect for multi-generational living or for those seeking additional rental income. Imagine owning a spacious home with an attached apartment, providing flexibility for family members or the potential for a lucrative rental unit.

Whether you’re a first-time buyer or a seasoned investor, Lake Elsinore's housing market is both inviting and diverse. With a range of styles and prices, you’re sure to find the perfect home that meets your needs while enjoying the scenic beauty and vibrant lifestyle that this enchanting city has to offer. Discover the charm of Lake Elsinore and make it your new home today!

Newest Lake Elsinore 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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