- 3 Beds
- 3 Baths
- .4 Acres
- 49 DOM
176 Olive St
Investor Special in Lake Elsinore! 176 Olive Street offers a rare opportunity to own a 3-unit multifamily property just one block from the town center, featuring lake views and situated on a large 17,000 sq. ft. lot. The property includes a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit (vacant). When fully occupied, the property generates approximately $46000 a year in rental income. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Quick fix and hold to increase rental income or explore the development potential for multiple units or two separate buildings (buyer to verify with city). Property is being sold as-is. Excellent location near downtown Lake Elsinore, schools, shopping, and easy freeway access. Great views of the Lake. Great opportunity for investors or developers looking to add value in a growing area!
Essential Information
- MLS® #250042311SD
- Price$575,000
- Bedrooms3
- Bathrooms3.00
- Acres0.40
- Year Built1924
- TypeResidential Income
- StatusActive
Community Information
- Address176 Olive St
- SubdivisionSan Diego
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Area
SRCAR - Southwest Riverside County
Interior
- CoolingNone
- # of Stories2
- StoriesTwo
Exterior
- RoofRolled/Hot Mop
Additional Information
- Date ListedOctober 31st, 2025
- Days on Market49
- ZoningR3
Listing Details
- AgentSummer Rampersad
- OfficeColleen K. Cotter
Summer Rampersad, Colleen K. Cotter.
Based on information from California Regional Multiple Listing Service, Inc. as of December 20th, 2025 at 5:20pm PST. 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.