Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, a picturesque gem nestled in Riverside County, California. Known for its stunning natural beauty, this vibrant city is framed by the majestic Santa Ana Mountains and the sparkling waters of Lake Elsinore, one of Southern California's largest natural lakes. With a rich history and a community spirit that is second to none, Lake Elsinore offers a perfect blend of outdoor adventure and suburban tranquility.

For those seeking a home with an apartment subtype, Lake Elsinore presents an array of charming options that cater to various lifestyles. Whether you're looking for a cozy duplex with a scenic view or a modern multi-family residence, the real estate market here is diverse and dynamic. These homes not only provide the comforts of private living but also the potential for rental income, making them an attractive investment for homeowners and investors alike.

Imagine waking up to breathtaking lake views, enjoying water sports in the summer, or hiking the numerous trails that wind through the surrounding hills. With a thriving community, excellent schools, and a plethora of recreational activities, Lake Elsinore is a place where families can grow, friends can gather, and memories can be made.

Explore the possibilities in Lake Elsinore today! Discover homes that offer both the charm of small-town living and the conveniences of modern amenities. Whether you’re a first-time buyer or looking to expand your investment portfolio, Lake Elsinore is ready to welcome you home. Your dream property awaits in this beautiful lakeside city!

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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