Home | Riverside County | Lake Elsinore | 92530 | 176 Olive St
MLS: SD260017737 | Status: Active | Price: $549,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0.4 | 1924 |
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!
| Field | Value |
|---|---|
| MLS # | SD260017737 |
| MLS Source | San Diego MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Cooling | Other |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Feature | Details |
|---|---|
| HOA Fee | $0 |
| Zoning | R3 |
Summer Rampersad
Colleen K. Cotter
License #: 01833785
Phone: (415) 654-9108
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,440 | 1 | 1/0 | – |
| 2 | – | 1 | 1/0 | $1,300 |
| 3 | – | 2 | 1/0 | $1,595 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Elsinore Elementary School | public | K-5 | 0.44 mi | 2 |
| Elsinore Middle School | public | 6-8 | 0.85 mi | 3 |
| Railroad Canyon Elementary School | public | K-5 | 1.03 mi | 3 |
| Ortega High School | public | 9-12 | 1.16 mi | 1 |
| Valley Adult | public | UG | 1.22 mi | N/A |
| Keith McCarthy Academy | public | K-12 | 1.23 mi | 2 |
| Lake Elsinore Early Childhood Education | public | UG | 1.32 mi | N/A |
| Earl Warren Elementary School | public | K-5 | 2.18 mi | 5 |
| Lakeland Village School | public | K-8 | 2.59 mi | 2 |
| Tuscany Hills Elementary School | public | K-5 | 2.59 mi | 5 |
| Temescal Canyon High School | public | 9-12 | 2.89 mi | 7 |
| Machado Elementary School | public | K-5 | 3.15 mi | 2 |
| Lakeside High School | public | 9-12 | 3.24 mi | 4 |
| William Collier Elementary School | public | K-5 | 3.74 mi | 4 |
| Elsinore High School | public | 9-12 | 3.91 mi | 5 |
| Cottonwood Canyon Elementary School | public | K-5 | 4.10 mi | 8 |
| Withrow Elementary School | public | K-5 | 4.14 mi | 4 |
| Canyon Lake Middle School | public | 6-8 | 4.16 mi | 5 |
| Terra Cotta Middle School | public | 6-8 | 4.24 mi | 2 |
| Alberhill Elementary | public | K-5 | 4.37 mi | 6 |
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This listing information is up-to-date as of July 20, 2026. For the most current information, please contact Summer Rampersad, (415) 654-9108.