Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, a picturesque gem nestled in Riverside County, California. Known for its stunning natural beauty and vibrant community, Lake Elsinore offers an idyllic lifestyle for families, outdoor enthusiasts, and anyone looking to embrace the charm of Southern California living.

Situated between the majestic Santa Ana Mountains and the sparkling waters of Lake Elsinore, this city is renowned for its recreational opportunities. Residents can enjoy a plethora of outdoor activities, including boating, fishing, hiking, and camping. The lake itself, one of the largest natural lakes in Southern California, serves as a focal point for community events and a playground for water sports.

Lake Elsinore is not just about natural beauty; it also boasts a thriving economy and a welcoming community atmosphere. With a variety of shopping, dining, and entertainment options, there’s always something to do. The historic downtown area is filled with charming boutiques and local eateries, perfect for leisurely strolls and weekend outings.

For those considering a move to this vibrant city, homes with apartment subtypes offer a fantastic opportunity. These properties provide the perfect blend of comfort and convenience, often featuring spacious layouts and modern amenities. Whether you’re looking for a cozy apartment for yourself or a multi-family home to accommodate loved ones, Lake Elsinore has a diverse selection of housing options to suit your needs.

Embrace the lifestyle that Lake Elsinore has to offer, where adventure and community come together in perfect harmony. 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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