Lake Elsinore Homes with Mixed Use Subtype

Lake Elsinore Homes with Mixed Use Subtype

Welcome to Lake Elsinore, a vibrant city nestled in Riverside County, California, known for its stunning natural beauty and a thriving community spirit. Surrounded by picturesque mountains and the sparkling waters of Lake Elsinore, this city is not only a haven for outdoor enthusiasts but also a burgeoning hub for real estate opportunities.

Lake Elsinore is renowned for its rich history and recreational offerings, including boating, fishing, and hiking, making it a perfect destination for families and adventure seekers alike. The city's charming downtown area is dotted with quaint shops, delightful cafes, and local restaurants that create a warm, inviting atmosphere.

One of the most exciting aspects of Lake Elsinore’s real estate market is the availability of homes with a mixed-use subtype. These properties provide a unique opportunity for residents to blend their living spaces with commercial ventures. Imagine waking up in your cozy home, then stepping into your own shop or office just a few steps away! This versatile option is perfect for entrepreneurs looking to establish a business in a thriving community while enjoying the comforts of home.

With its strategic location, just a short drive from major urban centers like Los Angeles and San Diego, Lake Elsinore offers the perfect balance of serene living and accessibility. Whether you’re seeking a vibrant community to raise a family or an entrepreneurial environment to launch your next venture, Lake Elsinore’s mixed-use homes present an exceptional opportunity. Discover the charm and potential of this growing city today!

Newest Lake Elsinore Homes with Mixed Use Subtype

16459 Joy Street, Lake Elsinore
$4,000,000
TR26214538 MLS ⋅ Active Status
16459 Joy Street presents a compelling multifamily investment opportunity in Lake Elsinore, CA. This 10-unit property features spacious three-bedroom townhome-style units with premium amenities, including central air and heat, private patios, and in-unit laundry hookups. Residents appreciate the convenience of private two-car garages, driveways, and some units even featuring a carport. Strategically situated near Lake Elsinore's scenic waterfront, the property is within walking distance to Machado Elementary School and proximate to Lakeside High School. Riverside Drive offers easy access to local retailers, restaurants, and grocers, while Interstate 15 provides seamless connectivity to regional employment hubs. With two units currently vacant, this property is ideal for owner-occupants seeking a prime location with growth potential. A comprehensive renovation plan can unlock significant rental premiums, capitalizing on strong demand for quality multifamily housing in this desirable SoCal market.

16459 Joy Street, Lake Elsinore
32692 Ortega, Lake Elsinore
$869,000
3 Beds ⋅ 3 Baths ⋅ SW26202104 MLS ⋅ Active Status
This beautiful custom home, and a fully operational existing business, a Country Store, are sold together on a .57-acre parcel. Both have long term tenants and are producing income currently. The home has 3 bedrooms, 2.5 baths, a basement and laundry room. A well-thought-out floor plan makes it versatile and great for entertaining. Additionally, a 2-car garage, attached to the home by the laundry room. The home is separated from the Country store by beautiful shrubs and trees. The property is well maintained, with automatic sprinklers, lots of shade, plants, trees and privacy. Perfect for moving in and having an instant source of income with the Store. Or to buy to add to your investment portfolio! The newly renovated Ortega Highway is driving up demand for this exact type of business opportunity. With its completion on the horizon, this investment is a wise decision.

32692 Ortega, Lake Elsinore
30830 Riverside Drive, Lake Elsinore
$850,000
PW26183985 MLS ⋅ Active Status
NEW roofing, NEW plumbing, and NEW electrical throughout. This fully remodeled property is located in one of the most desirable areas of Lake Elsinore—just 4 minutes from the main Lake entrance and directly across from Albertsons, Starbucks, AutoZone, and many other major businesses. The property offers dual access from both the main front street and the rear street, providing excellent visibility and convenience. The property has been completely renovated and is move-in ready for the next owner. It features a spacious parking lot spanning three separate parcels, offering exceptional convenience and future development potential. The building is over 1,500 sq ft and includes two bathrooms, an open floor plan, and a private office in the rear.

30830 Riverside Drive, Lake Elsinore
33040 Maiden, Lake Elsinore
$500,000
IG26115054 MLS ⋅ Active Status
SIGNIFICANT PRICE REDUCTION! RARE LAKE ELSINORE INVESTMENT & DEVELOPMENT OPPORTUNITY! Discover approximately 1.15 acres (50,094 sq. ft.) of flat, usable land with reported General Commercial Mixed-Use (C-1/C-P) zoning, beautiful lake views, and exceptional potential. The property includes an existing 1,637-sq.-ft., 3-bedroom, 2.5-bath home, swimming pool, and expansive outdoor space. Conveniently located near Grand Avenue, with an adjacent fire station and limited neighboring residences, this unique property offers privacy, accessibility, and multiple possibilities for investors and developers. FIVE POTENTIAL INVESTMENT STRATEGIES are illustrated in the photos: (1) Retain the existing home and explore adding a second residence; (2) Explore commercial redevelopment; (3) Retain the home and explore two detached 800-sq.-ft. ADUs with proposed garages; (4) Explore dividing the property into two approximately 25,047-sq.-ft. parcels for future development, resale, or investment; or (5) Remodel the existing home for personal use or potential long-term rental income. IMPORTANT PROPERTY CONDITION: The existing residence is approximately 130 years old and requires substantial remodeling and updating. This is NOT a turnkey property. The newly reduced asking price reflects the home’s age and condition. Buyers considering retaining the residence should anticipate renovation expenses and conduct appropriate inspections. INVESTMENT POTENTIAL: Whether your vision involves renovating, renting, holding, subdividing, or exploring commercial redevelopment, this property’s combination of usable acreage, existing improvements, and reported commercial zoning offers several possibilities worth investigating. IMPORTANT DISCLOSURE: Photos include actual property images and digitally generated CONCEPTUAL RENDERINGS ONLY. Proposed homes, ADUs, garages, parcel divisions, and other depicted improvements are not existing or approved improvements and are not included in the sale. All concepts require additional investment and applicable permits and approvals. Buyer to independently verify condition, square footage, lot size, zoning, permitted uses, ADU and subdivision eligibility, rental restrictions, utilities, setbacks, costs, and approvals with the appropriate governing agencies. No development outcome, rental income, or investment return is guaranteed.

33040 Maiden, Lake Elsinore
118 N Main, Lake Elsinore
$998,000
DW26037236 MLS ⋅ Active Status
Positioned in the core of Lake Elsinore’s revitalized downtown corridor, this well-located mixed-use asset presents a compelling opportunity for investors and owner-users seeking stable income with long-term upside. The property features a street-level retail storefront with strong frontage and visibility along the Main Street corridor—ideal for retail, restaurant/café, professional office, or service-oriented uses. The second level comprises a spacious 4-bedroom, 1-bathroom residential unit, creating a built-in income stream or an ideal live/work configuration. According to the homeowner, the bottom retail space is approx. 2,941 sq ft, and the upstairs is approximately 1,104 sq ft. Flexible investment options: - Owner-user opportunity: Operate your business on the ground floor and reside upstairs. - Dual-income potential: Lease both the commercial and residential units for maximum cash flow. - Value-add upside: Benefit from continued downtown growth and infrastructure investment. The property is located within the City’s active Downtown Revitalization Initiative, which includes the development of the new City Hall at Main and Graham, pedestrian and streetscape improvements, and ongoing infrastructure upgrades designed to enhance walkability and commerce. With increasing demand in one of Southern California’s fastest-growing communities, this asset offers a strategic blend of retail exposure, residential income, and long-term appreciation potential.

118 N Main, Lake Elsinore
118 N Main, Lake Elsinore
$998,000
DW25237444 MLS ⋅ Active Status
Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.

118 N Main, Lake Elsinore
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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.

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