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$ 575,000

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Active

176 Olive St Lake Elsinore, CA 92530

0.4 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision San Diego

MLS Listing ID 250042311SD

HOA Y/N No

Year Built 1924

Lot Size 0.400 Acres

Property 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!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Building/Complex Name Unknown

Zoning R3

Interior

Cooling None

Fireplace No

Exterior

Fence None

View Y/N No

Roof Type Rolled/Hot Mop

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 373152009

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

Listed by Summer Rampersad Colleen K. Cotter

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 7

8

Tuscany Hills Elementary School

Public | KG - 5
5

Earl Warren Elementary School

Public | KG - 5
4

Railroad Canyon Elementary School

Public | KG - 5
1

Elsinore Elementary School

Public | KG - 5
1

Lakeland Village

Public | KG - 8
0

Lakeland Children's Center

Private | PK - KG
0

Southern California Online Academy

Public | KG - 12

Middle Schools 1

3

Elsinore Middle School

Public | 6 - 8

High Schools 3

6

Temescal Canyon High School

Public | 9 - 12
1

Keith Mccarthy Academy

Public | 9 - 12
0

Ortega High School

Public | 9 - 12

School and business data provided by Attom Data.

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