Southwest Riverside County (SRCAR) Homes with Apartment Subtype

Welcome to Southwest Riverside County, a hidden gem nestled in the heart of California's Riverside County, where the vibrant city of Lake Elsinore beckons with its stunning landscapes and inviting community spirit. This picturesque region is renowned for its breathtaking views, rolling hills, and the sparkling waters of Lake Elsinore, offering a lifestyle that perfectly balances tranquility and adventure.

Lake Elsinore is not just a beautiful destination; it’s a thriving community that boasts a rich history and a plethora of recreational activities. Residents enjoy outdoor pursuits such as boating, fishing, and hiking, with the majestic Ortega Mountains providing a stunning backdrop for weekend adventures. The city’s parks and nature reserves are perfect for family outings, picnics, and enjoying the great Californian weather.

When it comes to real estate, Southwest Riverside County offers a diverse range of homes, including properties with apartment subtypes. These homes are ideal for multi-generational families or those seeking additional rental income. Imagine living in a spacious home that features a separate apartment space—perfect for guests, in-laws, or as a lucrative rental opportunity. With modern amenities and flexible layouts, these homes cater to the diverse needs of today’s homeowners.

Whether you’re looking for a cozy retreat or a bustling family home, Southwest Riverside County has something for everyone. Experience the charm of Lake Elsinore and discover the perfect home that suits your lifestyle. Embrace the opportunity to be part of a community that values both serenity and excitement—your dream home awaits!

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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