Homes Lake Elsinore 92530 176 Olive St
$549,000
176 Olive St
Lake Elsinore · Lake Elsinore, CA 92530
Listing agent: Summer Rampersad, Colleen K. Cotter
Last updated Oct 3, 2026, 1:08 PM
Key details
About this home
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!
Features
- N/K
Home facts
Monthly payment
Estimate only. The rate, tax, and insurance figures are editable placeholders, not a lender quote.
- Principal and interest $2,776.04
- Property tax $503.25
- Insurance $160.17
- HOA $0.00
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