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 is a city that seamlessly blends outdoor adventure with suburban charm. With its breathtaking views of the lake and surrounding mountains, residents enjoy a lifestyle that celebrates both relaxation and exploration.

Lake Elsinore is home to a variety of recreational activities, from boating and fishing on the lake to hiking the scenic trails of nearby Ortega Mountains. The city also boasts a thriving downtown area filled with delightful shops, restaurants, and local events that foster a strong sense of community. Whether you’re seeking a tranquil day by the water or an exciting weekend filled with outdoor sports, Lake Elsinore has something for everyone.

For those looking to call this vibrant city home, the real estate market offers an enticing selection of homes, including charming properties with apartment subtypes. These homes are perfect for families seeking extra space or investors looking for rental opportunities. With spacious layouts and modern amenities, these residences provide the ideal setting for both relaxation and entertainment.

Living in Lake Elsinore means embracing a lifestyle that combines the best of suburban living with the beauty of nature. Discover your dream home in this enchanting city, where every day feels like a getaway. Whether you’re a first-time buyer or looking to expand your investment portfolio, Lake Elsinore is the perfect place to create lasting memories. Come and experience the magic 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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