Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, California—where stunning natural beauty meets vibrant community living! Nestled in Riverside County, this picturesque city is renowned for its breathtaking views of the surrounding mountains and the sparkling waters of Lake Elsinore itself, the largest natural lake in Southern California. With a rich history and a welcoming atmosphere, Lake Elsinore offers residents a unique blend of outdoor adventure and suburban charm.

One of the standout features of Lake Elsinore is its diverse real estate market, particularly homes with apartment subtypes. Whether you're looking for a cozy duplex, a spacious triplex, or a multifamily residence, the city provides an array of options that cater to various lifestyles and budgets. These homes are perfect for families seeking extra rental income or investors looking to capitalize on the growing demand for housing in this desirable area.

Imagine waking up to serene lake views and enjoying weekend activities like boating, fishing, and hiking in the nearby Cleveland National Forest. Lake Elsinore is also home to numerous parks, shopping centers, and dining options, ensuring that all your needs are just a stone's throw away.

With a warm climate year-round and a strong sense of community, Lake Elsinore is not just a place to live—it's a place to thrive. Whether you're a first-time homebuyer or looking to expand your investment portfolio, Lake Elsinore's homes with apartment subtypes offer endless possibilities in a city that truly feels like home. Come and discover the charm of Lake Elsinore 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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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.