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!
AGENT: Summer Rampersad LISTING BROKERAGE: Colleen K. Cotter
Courtesy of Colleen K. Cotter. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 176 Olive St
Lake Elsinore, CA
Property Details
Price:
$575,000
MLS #:
250042311SD
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
San Diego
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Oct 22, 2025
Lot Size:
17,424 sqft / 0.40 acres (approx)
Year Built:
1924
Srcar – Southwest Riverside CountySrcarsouthwestriversidecountySan Diego
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Schools
Interior
Cooling
NO
Levels
U
Exterior
Fencing
NO
Roof
ROL
Financial
Map
Community
- Address176 Olive St Lake Elsinore CA
- SubdivisionSan Diego
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
