Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, a hidden gem nestled in the heart of California's picturesque landscape. This vibrant region, particularly the charming city of Lake Elsinore, offers a perfect blend of natural beauty and modern convenience. Known for its stunning lake views, rolling hills, and year-round sunshine, Lake Elsinore is an ideal destination for those seeking a serene lifestyle without sacrificing accessibility to urban amenities.

The real estate market in Southwest Riverside County is diverse and inviting, with a notable selection of homes that feature apartment subtypes. These unique properties provide an excellent opportunity for multi-generational living or investment potential. Imagine having a spacious main residence complemented by a self-contained apartment, perfect for guests, family members, or even rental income. This versatility makes homes with apartment subtypes particularly appealing to buyers looking to maximize their living space while enjoying the comforts of home.

Lake Elsinore boasts a rich array of recreational activities, from boating and fishing on the lake to hiking in the nearby Santa Ana Mountains. The community is vibrant, with local events, farmers' markets, and a variety of dining options that cater to all tastes. With excellent schools and a family-friendly atmosphere, it’s no wonder that Southwest Riverside County is becoming a sought-after destination for homebuyers.

Whether you’re searching for a cozy retreat or an investment opportunity, the homes in this enchanting region offer something for everyone. Discover the charm of Lake Elsinore and experience the unique lifestyle that Southwest Riverside County has to offer!

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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