Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, California—a vibrant city nestled in the heart of Riverside County, where stunning natural beauty meets a thriving community. Known for its picturesque lake and breathtaking mountain views, Lake Elsinore is a haven for outdoor enthusiasts and families alike. With a rich history and a welcoming atmosphere, this city offers a unique blend of small-town charm and modern conveniences.

Lake Elsinore is renowned for its recreational opportunities, including boating, fishing, and hiking. The 3,000-acre Lake Elsinore is perfect for water sports, while the surrounding hills provide ample trails for hiking and biking. The city also hosts a variety of events throughout the year, from the annual Lake Elsinore Storm baseball games to lively festivals that celebrate the community’s vibrant culture.

When it comes to housing, Lake Elsinore offers a diverse array of options, including homes with apartment subtypes that cater to a variety of lifestyles. Whether you're looking for a cozy duplex, a spacious triplex, or a well-appointed fourplex, there are numerous properties that provide both comfort and convenience. These homes are ideal for multi-generational living, investment opportunities, or those seeking additional rental income.

With its affordable housing market and growing amenities, Lake Elsinore is an ideal place to call home. Experience the perfect balance of tranquility and adventure in this charming California city, where your dream home awaits! Explore the possibilities and discover why Lake Elsinore is a hidden gem in Riverside County.

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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