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
  • 3 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! 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. Two 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!

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Home facts

  • Year built:1924
  • Listing ID #:250042311
  • Added:23 day(s) ago
  • Updated:November 15, 2025 at 04:35 PM

Rooms and interior

  • Bedrooms:3
  • 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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