176 Olive St Lake Elsinore, CA 92530
Property Features for 176 Olive St
General Information
- Lot size
- 0.40 Acres
Building Details
- Year built
- 1924
Source:
Elliman
Listing Agent: Summer Rampersad
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lake Elsinore Multifamily Investment
Located in Lake Elsinore, 176 Olive Street presents an investment opportunity with a three-unit multifamily property situated one block from the town center. The property, positioned on a 17,000 sq. ft. lot, offers lake views. It comprises a one-bedroom, one-bathroom unit, a studio, and a vacant two-bedroom, one-bathroom upper unit. The property is located near downtown Lake Elsinore, schools, shopping, and offers easy freeway access. The property is being sold as-is. The property has potential for increased rental income or development into multiple units or two separate buildings; buyers should verify this potential with the city. Two units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Lake Elsinore
- County
- Riverside
- State
- California
- Longitude
- -117.3267349
- Latitude
- 33.6658959
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property near town center with lake views.
Where is this triplex located?
The property is located at 176 Olive St Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: - Multifamily property with existing rental income (potential $46,000 annually).; - Large 17,000 sq. ft. lot with development potential (buyer to verify).; - **Prime location: one block from town center with lake views.**