176 Olive St Lake Elsinore, CA ^$ 575,000

176 Olive St

^$ 575,000

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176 Olive St

Lake Elsinore, CA, 92530

^$ 575,000

Bedrooms4 Baths3.0

Monthly Estimate*

^$ 3,540

176 Olive St, Lake Elsinore, CA 92530 - Image 1

176 Olive St, Lake Elsinore, CA 92530 - Image 2

176 Olive St, Lake Elsinore, CA 92530 - Image 3

176 Olive St, Lake Elsinore, CA 92530 - Image 4

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Multi-Family Home for sale in Lake Elsinore, CA

for $575,000 with 4 bedrooms and 3 full baths. This home was built in 1924 on a lot size of 0.4.

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!

Multi-Family Active

Price

^$ 575,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.4

Year Built

1924

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

250042311

Features

General

Cooling N/K

Roof Rolled/Hot Mop

Zoning R3

HOA Fee 0.0

Security Features N/K

Construction Materials Wood/Stucco

Pets Allowed Yes

Year Built 1924

Tenant Pays Electricity Water

Levels 2 Story

Property Subtype Res Income 2-4 Units

Building Name Unknown

County Riverside

Operating Expense 0.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name SAN DIEGO

Full Baths 3

Status ACTIVE

Directions Use Google maps.

City Lake Elsinore

Senior Community Y/N N

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 17424.0

Property Attached Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/snd/250042311

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 0.0

Freehold IDX

Exterior

Fencing N/K

Lot Size Area 0.4

Number of Buildings 1

Building Area Total 4320.0

Waterfront Y/N N

Interior

Total Stories 2

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 4

Total Baths 3

* Excluded Features

List By

Summer Rampersad

Listing Agent

Colleen K. Cotter

Broker

(415) 654-9108

Phone

Affordability Calculator

$3,540

Per Month

Monthly Principal & Interest: $3,540
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lake Elsinore, CA

Average List Price ^$950,752

Percent of Sale Price 65%

About Lake Elsinore, CA

67,316 Population

100% Since 2002

^$63,800 Median Income

32.98 Median Age

45% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/31/2025	$575,000		Listed Price

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176 Olive St, Lake Elsinore, CA, 92530 is a Multi-Family Home for sale at $575,000 with a lot size of 0.4. 176 Olive St has 4 bedrooms, 3.0 baths, and was built in 1924. The property's zip code is 92530 which is in Lake Elsinore, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 1/29/2026.

CA BRE #019180026.

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176 Olive St

Multi-Family Home for sale in Lake Elsinore, CA

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