176 Olive St, Lake Elsinore, CA 92530

• 4 beds |
• 3 baths

Property Description

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 Status:

Active

Date Added:

October 31, 2025

Data Last Updated:

May 21, 2026 at 2:11AM

Listing Office:

Colleen K. Cotter : 619-804-6840

Listing Agent:

Summer Rampersad : 415-654-9108

MLS ID:

250042311

Interior

• A/C: N/K

Construction

• Roofing: Rolled/Hot Mop
• General: Wood/Stucco2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: SDMLS
• County: Riverside

Lot

• Zoning: R3373-152-009
• Fencing: N/K

Financial

• Source: SDMLS