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

Studio Baths1.0

Monthly Estimate*

^$ 3,587

Listed by Colleen K. Cotter

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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Studio

Multi-Family Home for sale in Lake Elsinore, CA

for $575,000 with 1 full bath. This home was built in 1924 on a lot size of 0.4.

Investor Special in Lake Elsinore! 176 Olive Street offers a 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 (vacant). When fully occupied, the property generates approximately $46000 a year in rental income. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Quick fix and hold to increase rental income or explore the development potential for multiple units or two separate buildings (buyer to verify with city). 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

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.4

Year Built

1924

Town/City

Lake Elsinore

County/Region

Riverside

MLS | Web ID

250042311SD

Days on Market

Features

General

Cooling None

Roof Rolled/Hot Mop

Zoning R3

HOA Fee 0

Year Built 1924

Tenant Pays Electricity Water

Stories Count 2

Levels Two

County Riverside

Net Operating Income 0

Property Type Residential Income

Subdivision Name San Diego

Status Active

Directions Use Google maps. CrossStreet: W Prospect

City Lake Elsinore

Disclosures Unincorporated

Senior Community Y/N false

Number Of Units Total 3

MLS Area SRCAR - Southwest Riverside County

Lot Size Units Square Feet

Lot Size Square Feet 17424

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

Standard Status Active

Cap Rate 0

Interior

Total Stories 2

Air Conditioning Y/N false

Heating Y/N true

Total Baths 0

Exterior

Fencing None

Total Parking 0

Lot Size Area 17424

Park Name Unknown

Number of Buildings 1

Spa false

Lot Size Acres 0.4

Lot Size Source Public Records

* Excluded Features

List By

Colleen K. Cotter

Broker

summersells92101@gmail.com

Affordability Calculator

$3,587

Per Month

Monthly Principal & Interest: $3,587
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% 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 ^$752,003

Percent of Sale Price 31%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$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 is a studio with 1.0 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 6.375% 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 the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/20/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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176 Olive St

Multi-Family Home for sale in Lake Elsinore, CA

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