176 Olive St Lake Elsinore, CA 92530
Three-unit property near town center with lake views.
Type:Multifamily
Property size:
4,320 SFLot size:
0.39 Acres- Added:
- Oct 31, 2025
- Days on Market:
- 156
- Last Refresh:
- Mar 18 at 7:55 am
Property Features for 176 Olive St
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.39 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1924
Listing agent Summer Rampersad License #01833785
Listing office Colleen K. Cotter
Listing date Oct 31, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colleen K. Cotter
Overview
Lake Elsinore Multifamily Investment
This multifamily property in Lake Elsinore presents an investment opportunity, situated one block from the town center and offering lake views on a 17,000 sq. ft. lot. The property comprises three units: a one-bedroom, one-bathroom unit, a studio, and a two-bedroom, one-bathroom upper unit. The property generates approximately $46000+ a year in rental income in its current condition when fully occupied. Currently, three units are rented, with one on a month-to-month basis and another having four months remaining on the lease. The property offers potential for increased rental income or development opportunities for additional units or two separate buildings, ADU. The property is being sold as-is. Its location provides proximity to downtown Lake Elsinore, schools, shopping, and freeway access. The property size is 4320 sqft.
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 in rental income.; Development Potential: Large 17,000 sq. ft. lot offers opportunities for additional units, separate buildings, or ADU.; Prime Location: One block from town center with lake views, near downtown Lake Elsinore, schools, shopping, and freeway access.
