176 Olive St, Lake Elsinore, CA 92530

Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
176 Olive St,Lake Elsinore, CA 92530
$575,000
Virtual Tour
  • 4 Beds
  • 3 Baths
  • 4,320 sq. ft.
  • Multi-family
  • Active
Listed by: summer rampersad
Office: colleen k. cotter
MLS#:250042311
Source:San Diego MLS via CRMLS

Price summary

  • Price:$575,000
  • Price per sq. ft.:$133.1

About this home

Investor Special in Lake Elsinore! 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. When fully occupied, the property generates approximately $46000 + a year in rental income in current condition. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Hold to increase rental income or explore the development potential for more units or two separate building, ADU. 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!

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Home facts

  • Year built:1924
  • Listing ID #:250042311
  • Added:78 day(s) ago
  • Updated:January 09, 2026 at 03:11 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:4,320 sq. ft.

Structure and exterior

  • Roof:Rolled/Hot Mop
  • Year built:1924
  • Building area:4,320 sq. ft.

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$133.1
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