Lake Elsinore Homes with Apartment Subtype

Lake Elsinore, located in Riverside County, California, is a vibrant city with a rich history and natural beauty. Situated on the banks of the picturesque Lake Elsinore, this city offers a perfect blend of urban amenities and outdoor recreational opportunities.

As one of the fastest-growing cities in California, Lake Elsinore has become an attractive destination for both residents and businesses. With its convenient location, residents enjoy easy access to major cities like Los Angeles and San Diego, making it an ideal place to live for those seeking a suburban lifestyle with proximity to urban centers.

The city boasts a diverse range of housing options, including homes with apartment subtypes. These homes are a popular choice for individuals and families who prefer the convenience of apartment living combined with the privacy and space of a standalone home. Whether you're a first-time buyer or looking to downsize, Lake Elsinore offers a variety of homes with apartment subtypes that cater to different budgets and preferences.

In addition to its housing options, Lake Elsinore offers a plethora of recreational activities. The lake itself is a hub for water sports enthusiasts, with opportunities for boating, fishing, and swimming. The city is also known for its beautiful parks, hiking trails, and golf courses, providing ample opportunities for outdoor adventures.

With its scenic beauty, convenient location, and diverse housing options, Lake Elsinore is a city that offers something for everyone. Whether you're looking for a peaceful retreat or a bustling suburban lifestyle, Lake Elsinore is a place you can call home.

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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