Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, California, a vibrant city nestled in the heart of Riverside County. Known for its stunning natural beauty and a plethora of outdoor activities, Lake Elsinore is a haven for those who appreciate both adventure and tranquility. The city is framed by the majestic Santa Ana Mountains and the shimmering waters of Lake Elsinore, California’s largest natural freshwater lake, which offers a variety of recreational opportunities such as boating, fishing, and hiking.

Lake Elsinore has experienced significant growth in recent years, making it an attractive destination for homebuyers seeking a blend of suburban comfort and proximity to urban amenities. The real estate market here features a diverse array of homes, including charming houses with apartment subtypes. These multi-family properties provide an excellent opportunity for investors or those looking to live in one unit while renting out the others. With spacious layouts and modern amenities, these homes are perfect for families, young professionals, or anyone seeking a community-oriented lifestyle.

Residents of Lake Elsinore enjoy a warm climate, allowing for year-round outdoor activities, from enjoying the scenic beauty of the lake to exploring local parks and trails. The city is also known for its friendly atmosphere, excellent schools, and a growing selection of shopping and dining options. Whether you’re drawn to the serene lakeside living or the dynamic community spirit, Lake Elsinore offers a unique blend of lifestyle and opportunity that makes it an ideal place to call home. Discover your dream home in this enchanting city 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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