Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, where the vibrant landscapes of California meet the charm of suburban living! Nestled within Riverside County, Lake Elsinore is a hidden gem that offers an exceptional quality of life. Known for its stunning lake views and breathtaking mountain backdrops, this area is perfect for those seeking a serene yet active lifestyle.

Lake Elsinore is not just a picturesque retreat; it’s a thriving community with a rich tapestry of culture, recreation, and opportunity. The region boasts a variety of outdoor activities, from boating and fishing on the expansive Lake Elsinore to hiking the scenic trails of the Santa Ana Mountains. With a warm climate year-round, residents can enjoy an abundance of sunshine, making it an ideal spot for both relaxation and adventure.

When it comes to real estate, Southwest Riverside County offers a diverse array of homes, including multifamily properties that cater to a variety of lifestyles. Homes with an apartment subtype are particularly appealing for those looking to invest or accommodate extended family. These properties provide the perfect blend of privacy and community, allowing homeowners to enjoy their own space while also having the option for rental income or multigenerational living.

Whether you're a first-time homebuyer, an investor, or someone looking to downsize, Lake Elsinore's multifamily homes offer flexibility and potential. Experience the best of California living in Southwest Riverside County, where your dream home awaits amidst the stunning natural beauty and welcoming community spirit!

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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