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176 Olive St , Lake Elsinore, CA 92530
$549,000
Est. Payment: $2,762.48/mo
4 Bed
3 Bath
0 Sqft
Status: active | Days on site: 19
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House 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!
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Highlights

Listed by Summer Rampersad , 415-654-9108 Colleen K. Cotter , 619-804-6840. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.4

Year Built

1924

County

Riverside

Area

SRCAR - Southwest Riverside County

 Neighborhood

San Diego

Listing ID

260017737SD

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:R3
Roof:Rolled/Hot Mop
Others:2+ Total Units,Has ADU
Principal Interest
$2,762
Taxes
$350

Home Price

$549,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$109,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,762.48

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,762.48 $349.99 $0.00 $3,112.47
Yearly $33,149.77 $4,199.85 $0.00 $37,349.62
Total $994,493.23 $125,995.50 $0.00 $1,120,488.73

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Lake Elsinore, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T10:35:52.000Z

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