Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County (SRCAR), a vibrant and picturesque region nestled in the heart of California’s Riverside County. Known for its stunning landscapes, diverse communities, and a wealth of recreational activities, SRCAR offers an inviting atmosphere for families, retirees, and professionals alike. One of the standout cities in this region is Lake Elsinore, a charming community renowned for its beautiful lake, outdoor adventures, and a warm, welcoming vibe.

Lake Elsinore boasts a rich history and a dynamic culture, making it an ideal place to call home. The area is surrounded by breathtaking mountains and lush parks, providing residents with ample opportunities for hiking, biking, and water sports. The lake itself is a hub for boating, fishing, and picnicking, ensuring that weekends are filled with fun and relaxation.

For those seeking a unique living arrangement, homes with an apartment subtype are increasingly popular in Lake Elsinore. These versatile properties offer the perfect blend of comfort and convenience, catering to multi-generational families or those looking to generate rental income. With spacious layouts and modern amenities, these homes provide an ideal setting for both personal living and investment opportunities.

In addition to its natural beauty, Lake Elsinore is conveniently located near major highways, allowing for easy access to nearby cities and attractions. With a strong sense of community, a range of local amenities, and the allure of outdoor living, Southwest Riverside County is more than just a place to live; it's a lifestyle waiting to be embraced. Come explore the possibilities that await you in this enchanting region!

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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