176 Olive St, Lake Elsinore, CA 92530 – 250042311SD

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$575,000

Est. payment - /mo

0.4 Acres Lot

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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! 176 Olive Street offers a 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 (vacant). When fully occupied, the property generates approximately $46000 a year in rental income. Two units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Quick fix and hold to increase rental income or explore the development potential for multiple units or two separate buildings (buyer to verify with city). 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

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Listed by Summer Rampersad Colleen K. Cotter

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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176 Olive St Lake Elsinore, CA 92530

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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