176 Olive St, Lake Elsinore, CA 92530
- $549,000
- 4
- BD
- 3
- BA
- List Price
- $549,000
- Days on Market
- 53
- Status
- ACTIVE
- MLS#
- 260017737
- Bedrooms
- 4
- Bathrooms
- 3
- Lot Size(apprx.)
- 17,424
- City
- Lake Elsinore
- Neighborhood
- Lake Elsinore
- Complex/Building Name
- Unknown
- Property Type
- Multifamily
- Year Built
- 1924
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!
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Additional Information
- Building Name
- Unknown
- Cooling
- None
- Lot Size
- 17,424
- Neighborhood
- Lake Elsinore
- Pets Allowed
- Yes
- Roof
- Rolled Hot Mop
- Tenant Pays
- Electricity, Water
- Year Built
- 1924
Mortgage Calculator
Listing courtesy of Listing Agent: Summer Rampersad (415-654-9108) from Listing Office: Colleen K. Cotter.
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