176 Olive St, Lake Elsinore, CA 92530

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Beds

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Baths

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Sq ft

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!

Type

Residential

Year built

1924

Lot

17,424 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$3,462/mo

Principal & interest$2,776
Property tax (est.)$526
Home insurance (est.)$160

Down payment: 20% ($109,800)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Summer Rampersad, Colleen K. Cotter. MLS# 260017737SD. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 10:09 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.