Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, a vibrant and picturesque region nestled in sunny California. Known for its stunning landscapes and a rich tapestry of outdoor experiences, Lake Elsinore is a hidden gem within Riverside County, offering an exceptional quality of life. This area is renowned for its beautiful lake, majestic mountains, and a warm, inviting climate that attracts both residents and visitors alike.

Lake Elsinore is not just a scenic destination; it’s a thriving community with a variety of housing options, including homes with apartment subtypes. These unique properties are perfect for those seeking flexibility and potential income opportunities. Whether you’re looking to accommodate extended family, create a rental unit, or simply enjoy the extra space, these homes provide the ideal solution.

The homes in this region boast modern designs, spacious layouts, and often come equipped with amenities that enhance everyday living. Imagine enjoying your morning coffee on a sun-drenched patio or hosting family gatherings in a spacious backyard while the stunning views of the surrounding hills serve as your backdrop.

In addition to the beautiful homes, Lake Elsinore offers a wealth of recreational activities, from water sports on the lake to hiking trails that wind through the nearby mountains. The community is also home to a variety of shops, restaurants, and parks, making it a perfect blend of suburban tranquility and urban convenience.

Explore the charm of Southwest Riverside County and discover the perfect home with an apartment subtype that suits your lifestyle. Embrace the opportunity to live in a region that beautifully combines nature, community, and comfort!

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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