176 Olive St, Lake Elsinore, CA 92530

• 3 beds |
• 3 baths

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!

Listing Status:

Active

Listing Office:

Colleen K. Cotter : 619-804-6840

Listing Agent:

Summer Rampersad : 415-654-9108

MLS ID:

250042311

Interior

• A/C: N/K

Construction

• Roofing: Rolled/Hot Mop
• General: Wood/Stucco2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: SDMLS
• County: Riverside

Lot

• Zoning: R3373-152-009
• Fencing: N/K

Financial

• Source: SDMLS

This listing courtesy of Summer Rampersad, Colleen K. Cotter