Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, an enchanting region that perfectly blends the charm of small-town living with the conveniences of modern life. Nestled in the heart of California, this vibrant area encompasses the picturesque city of Lake Elsinore, renowned for its stunning lake views, outdoor recreational activities, and a warm, welcoming community.

Lake Elsinore is a treasure trove for nature lovers and adventure seekers alike. With the majestic Ortega Mountains as a backdrop, residents can enjoy a plethora of activities, from hiking and biking to boating and fishing on the lake. The region’s mild climate allows for year-round outdoor enjoyment, making it the perfect place for families and individuals who appreciate an active lifestyle.

When it comes to real estate, Southwest Riverside County shines with a diverse range of homes, including those with apartment subtypes. These unique properties offer an ideal solution for multi-generational living or the opportunity to earn rental income. Imagine owning a beautiful home with a separate apartment that can serve as a guest suite, a private office, or a rental unit to help offset your mortgage. This flexibility is a significant draw for many buyers in the area.

In addition to its appealing properties, Southwest Riverside County boasts excellent schools, vibrant shopping centers, and a strong sense of community. Whether you’re looking to settle down or invest, Lake Elsinore and its surrounding areas offer an idyllic setting to call home. Explore the possibilities today and discover why so many are choosing to make this charming region their own.

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

Start Your Search

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.