858-525-5007

176 Olive St, Lake Elsinore CA 92530 | $575,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 17424 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1924
  • MLS#: 250042311SD
  • Community: SRCAR - Southwest Riverside County

Listing provided courtesy of Summer Rampersad of Colleen K. Cotter. Last updated 2025-12-30 09:11:11.000000. Listing information © 2025 SANDICOR.

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!

More Details

0.4 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985