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  • 176 Olive St

176 Olive St, Lake Elsinore, CA 92530

$549,000 Approx. USD 4 beds, 3 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575
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Listing Agent


Summer Rampersad
Lic#: 01833785
Broker: Courtesy of Colleen K. Cotter
Phone: 415-654-9108

Agent Remarks

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!

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# 260017737
Price: $549,000
HOA Fee is $0.00
Beds: 4
Baths: 3 (3 full)
Built in 1924
2 stories
0.40 acres
Subdivision: SAN DIEGO
County: Riverside
Zoning: R3
Construction: Wood/Stucco
Pets Allowed: Yes

Last Updated: 7/20/2026

 Days On Market (DOM): 5

 Find more Lake Elsinore homes and real estate

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Lat/Long: 33.665962, -117.326823.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575
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