18
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$549,000
Est. payment /mo
0.4 Acres Lot
New
176 Olive St Lake Elsinore, CA 92530
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260017737SD
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 #01833785
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