Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, California—a vibrant city nestled in Riverside County, known for its stunning natural beauty and a wealth of recreational opportunities. With its picturesque lake, majestic mountains, and year-round sunny weather, Lake Elsinore is a hidden gem that offers a perfect blend of outdoor adventure and suburban living.

Whether you're an outdoor enthusiast or someone who enjoys the tranquility of nature, Lake Elsinore has something for everyone. The city is famous for its namesake lake, which is the largest natural freshwater lake in Southern California, perfect for boating, fishing, and water sports. The surrounding hills provide ample hiking and biking trails, allowing residents to immerse themselves in the breathtaking scenery.

When it comes to housing, Lake Elsinore presents an exciting array of options, including charming homes with apartment subtypes. These residences offer the unique advantage of flexibility, making them ideal for families, investors, or those seeking additional rental income. Imagine living in a spacious home while also having the potential to rent out a separate apartment—providing both comfort and financial benefits.

The community in Lake Elsinore is warm and welcoming, with a strong sense of camaraderie among residents. Local amenities such as parks, schools, and shopping centers are easily accessible, ensuring a convenient lifestyle for you and your family.

If you’re considering a move to Lake Elsinore, you’ll find not just a place to live, but a community to thrive in. Explore the available homes with apartment subtypes and discover how this charming city can be the perfect backdrop for your next chapter!

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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