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$575,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
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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!

Full Property Details for 176 Olive St

General

  • Price: $575,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 250042311
  • Updated: 12/29/2025
  • Added to Site: 78 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Location

  • Area: RIV CTY-LAKE ELSINORE (92530)
  • County: Riverside
  • Subdivision: SAN DIEGO
  • Neighborhood: Lake Elsinore
  • Driving Directions: Use Google maps.

Community

  • Pets Allowed: Yes

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Wood/Stucco
  • Roof: Rolled/Hot Mop
  • Stories/Levels: 2
  • Square Feet: 4,320
  • Year Built: 1924

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.4
  • Lot Size (Sq. Ft.): 17,424
  • Lot Size: .4
  • Zoning: R3

Financial Considerations

  • Terms: Other/Remarks
  • Tenant Pays: Electricity, Water

Disclosures and Reports

  • Property ID: 373-152-009

Listed by Colleen K. Cotter (619) 804-6840, Summer Rampersad

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Listing agent

— 176 Olive St —

  • Summer Rampersad

    Colleen K. Cotter

summersells92101@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 176 Olive St

School District:Lake Elsinore Unified School District
NameGradesDistance
Railroad Canyon Elementary School
1300 Mill Street, Lake Elsinore, CA 92530
K-51 mi
Elsinore Middle School
1203 West Graham Avenue, Lake Elsinore, CA 92530
6-80.9 mi
Elsinore High School
21800 Canyon Drive, Wildomar, CA 92595
9-124 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 176 Olive St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/31/2025
Listed
$575,000
23.13%
MLS
5/24/2021
Sold
$467,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 176 Olive St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,394
5%
$495,582
2%
2024
$5,156
1%
$485,866
2%
2023
$5,091
2%
$476,340
2%
2022
$4,994
160%
$467,000
174%
2021
$1,923
1%
$170,569
1%
2020
$1,905
2%
$168,821
2%
2019
$1,871
2%
$165,512
2%
2018
$1,837
2%
$162,268
2%
2017
$1,804
4%
$159,087
2%
2016
$1,742
1%
$155,968
2%
2015
$1,725
3%
$153,627
2%
2014
$1,671
—
$150,619
—
2013
$1,666
—
$149,940
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 176 Olive St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Colleen K. Cotter (619) 804-6840, Summer Rampersad

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176 Olive St, Lake Elsinore, CA 92530 (MLS# 250042311) is a Multi-Family property with 3 units containing 4 bedrooms and 3 full bathrooms. 176 Olive St is currently listed for $575,000 and was received on October 31, 2025. Want to learn more about 176 Olive St? Do you have questions about finding other Multi-Family real estate for sale in Lake Elsinore? You can browse all Lake Elsinore real estate or contact a Coldwell Banker agent to request more information.

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