176 Olive St, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
176 Olive St,Lake Elsinore, CA 92530
$549,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: summer rampersad
Office: colleen k. cotter619-804-6840
MLS#:260017737SD
Source:CRMLS

Price summary

  • Price:$549,000

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 #:260017737SD
  • Added:5 day(s) ago
  • Updated:July 26, 2026 at 11:07 AM

Structure and exterior

  • Roof:Rolled Hot Mop
  • Year built:1924
  • Lot area:0.4 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$549,000
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