Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County (SRCAR), a vibrant region nestled in the heart of California's Riverside County. Known for its picturesque landscapes, diverse communities, and a wealth of recreational opportunities, Lake Elsinore stands out as a premier destination for homebuyers seeking both tranquility and adventure.

Lake Elsinore is renowned for its stunning natural beauty, with the sparkling waters of Lake Elsinore surrounded by majestic mountains and lush greenery. This thriving city offers a unique blend of small-town charm and modern amenities, making it an ideal place for families, retirees, and anyone looking to embrace the California lifestyle. Outdoor enthusiasts will find a haven here, with ample opportunities for boating, fishing, hiking, and camping, all set against a backdrop of breathtaking views.

When it comes to real estate, homes with an apartment subtype in Lake Elsinore present a fantastic opportunity for both homeowners and investors. These properties often feature spacious layouts that include separate living quarters, perfect for multi-generational families or as rental units to generate additional income. Imagine the convenience of having a private space for guests or the potential for passive income through long-term rentals or vacation stays.

With a growing economy, excellent schools, and a strong sense of community, Lake Elsinore is not just a place to live; it's a place to thrive. Whether you're looking to settle down in a beautiful home with an apartment subtype or seeking an investment opportunity, Southwest Riverside County offers a wealth of options to suit your lifestyle and aspirations. Discover the charm of Lake Elsinore today and make this enchanting region your new home!

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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