Lake Elsinore Homes with Apartment Subtype

Welcome to Lake Elsinore, a hidden gem nestled in Riverside County, California. This vibrant city, known for its stunning natural beauty and recreational opportunities, is a perfect blend of small-town charm and modern conveniences. With the majestic backdrop of the Santa Ana Mountains and the sparkling waters of Lake Elsinore, residents enjoy a lifestyle enriched by outdoor adventures, community events, and a welcoming atmosphere.

Lake Elsinore is more than just a picturesque locale; it’s a community that thrives on connection and growth. The city boasts a rich history, with its roots dating back to the late 1800s, and today it offers a diverse range of amenities, including shopping centers, parks, and dining options to suit every palate. Whether you’re hiking the scenic trails of the Cleveland National Forest or enjoying a day of water sports on the lake, Lake Elsinore is a playground for nature enthusiasts and families alike.

For those seeking a home with an apartment subtype, Lake Elsinore presents a variety of options that cater to different lifestyles and budgets. From modern condominiums with stunning lake views to charming multi-family homes nestled in friendly neighborhoods, there is something for everyone. These properties not only provide comfortable living spaces but also foster a sense of community, making it easy to connect with neighbors and engage in local activities.

If you’re dreaming of a place where adventure meets tranquility, Lake Elsinore is calling your name. Discover your perfect home in this enchanting city and experience the best of California living!

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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