Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, a picturesque region nestled in the heart of California's Riverside County, where the vibrant city of Lake Elsinore beckons with its stunning landscapes and a thriving community. Known for its breathtaking views of the surrounding mountains and the sparkling waters of Lake Elsinore, this area offers a unique blend of outdoor adventure and suburban charm.

Lake Elsinore is renowned for its recreational opportunities, from boating and fishing on the lake to hiking and biking in the nearby Cleveland National Forest. The community is rich in history and culture, with local festivals, farmers' markets, and a warm, welcoming atmosphere that makes it a perfect place to call home.

For those seeking a residence that caters to both comfort and convenience, homes with an apartment subtype in Lake Elsinore are an ideal choice. These properties offer the perfect balance of space and flexibility, making them suitable for multi-generational living or as an investment opportunity. Imagine having a cozy apartment right in your backyard, providing a private retreat for guests or generating rental income while maintaining your own living space.

With a variety of architectural styles and modern amenities, these homes are designed to meet the diverse needs of today’s families. The proximity to schools, shopping centers, and parks enhances the appeal, ensuring that everything you need is just a stone’s throw away.

Discover the charm of Southwest Riverside County and explore the delightful homes with an apartment subtype in Lake Elsinore. Your dream home awaits in this vibrant community, where every day feels like a vacation!

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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