$549,000
 $2,947 est/mo Sourced by Back At You

176 Olive St,Lake Elsinore, CA 92530

Lake Elsinore, CA 92530

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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!

Details

MLS #260017737SD
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1924
Days On Site98
Listing Provided ByColleen K. Cotter | Summer Rampersad

Features

Story(s)2
Units3
Building(s)1
ZoningR3
Acreage0.40

Interior

CoolingNone
Heating Yes / NoYes
Cooling Yes / NoNo

Exterior

RoofRolled Hot Mop
FencingNone

Area Information

StateCA
CountyRiverside
CityLake Elsinore
Zip Code92530
AreaSRCAR Southwest Riverside County
Community NameSan Diego
Listing VS Median (in San Diego)
Price:
$549,000
low | high
Med:
$699,000
22.677595628415% of Average
On site:
98
low | high
Med:
31
100% of Average
Sourced by Back At You

Market Activity 92530

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

Allen Lane

Allen Lane

Desert Lifestyle Properties

01952730 (760) 408-2963realtor.allenlane@gmail.com
StateCA
CountyRiverside
CityLake Elsinore
Zip Code92530
AreaSRCAR Southwest Riverside County
Community NameSan Diego
Listing VS Median (in San Diego)
Price:
$549,000
low | high
Med:
$699,000
22.677595628415% of Average
On site:
98
low | high
Med:
31
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $411K - $686K
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
401 W Graham Property Photo 1
$515,000
401 W Graham
Lake Elsinore, CA 92530
Listing Updated: October 20, 2026 at 4:51:57 PM PDT

Specialty Areas

Real Estate

Allen Lane
200 N Sunrise Way Ste.B
Palm Springs, CA 92262
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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