176 Olive St Lake Elsinore, CA 92530
Property Features for 176 Olive St
General Information
- Property type
- Investment
- Standard status
- Active
- 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
This three-unit multifamily property in Lake Elsinore is located one block from the town center and offers lake views on a 17,000 sq. ft. lot. The property features a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit. The property generates approximately $46000+ a year in rental income when fully occupied in its current condition. All three units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. The property is being sold as-is. The location is near downtown Lake Elsinore, schools, shopping, and offers easy freeway access. This property presents an opportunity to increase rental income or explore development potential for additional units or two separate buildings, ADU. It is suitable for investors or developers looking to add value in a growing area.
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?
Multifamily property - Three-unit property near town center with lake views.
Where is this multifamily property 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: - High Income Potential: Generates approximately $46000+ annually when fully occupied.; - Development Potential: Large 17,000 sq. ft. lot offers opportunities for expansion.; - Prime Location: One block from town center with lake views.
