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Listed by Colleen K. Cotter, Summer Rampersad, Listing Contact:  
4 Beds
3 Baths
1,440 sqft

$549,000

176 Olive St, Lake Elsinore CA, 92530

Price per sqft$381.25
Built in1924
Property size1,440 sqft
Property typeMulti-family

Overview

Active

Listed Jul 20, 2026

Updated 3 days ago

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!

$3,653/mo

Est. mortgage payment based on a $549,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
260017737

Interior Features

Bedrooms
4
Bathrooms
3
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.4 Acres

Other Property Details

Pets Allowed
Yes

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Data last updated 5:15 AM UTC, 10/4/2026

   

 

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