NOT LISTED FOR SALE

176 Olive St Unit 2 Lake Elsinore, CA 92530

Lake Elsinore Historic District Neighborhood

Estimated Value: $540,615 - $600,000

2 Beds
1 Bath
337 Sq Ft
$1,679/Sq Ft Est. Value

Highlights

  • 0.4 Acre Lot
  • No HOA
  • Laundry Room
  • Private Yard
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2020

Oversized studio with upgrades throughout. Multifamily property recently remodeled. The main room features floor to ceiling mirrors and storage space. Newer fixtures, cabinets, and more! This unit features a bonus den or storage room. The bathroom has been remodeled with intricate tile work, fixtures, and upgraded vanity. Plus, with the large lot that surrounds this home, enjoy peace and quiet.

Last Agent to Rent the Property

Adam Clarke

Access Asset Management Inc License #01721442 Listed on: 04/23/2020

Last Renter's Agent

Adam Clarke

Access Asset Management Inc License #01721442 Listed on: 04/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1924

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 337 Sq Ft Home
  • Quadruplex

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • 1 Full Bathroom
  • Suburban Location
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Security Deposit $795
  • Available 4/28/20
  • Tax Lot 5
  • Tax Tract Number 43001
  • Assessor Parcel Number 373152009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,156

Year Built

Built in 1924

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2020-04-28
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 795
  • Furnished: Unfurnished
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Quadruplex
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Quadruplex
  • Property Type: Residential Lease
  • Parcel Number: 373152009
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 337.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2.36
  • Room Type: Kitchen

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Schools

  • School District: Lake Elsinore Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: Month To Month
  • Lot Size Area: 17424.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 043001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2021
Sold by
Enayat Zuhra
Bought by
Khwaja David
Current Estimated Value
$590,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 4, 2021
Sold by
Enayat Zuhra
Bought by
Khwaia David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2021
Sold by
Paul T Ananias Trust and The Paul T Ananias Trust
Bought by
Khwaja David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.29%

Purchase Details

Closed on
Dec 10, 2014
Sold by
Ananias Paul T
Bought by
Ananias Ii Paul T

Purchase Details

Closed on
Aug 8, 2011
Sold by
Freedom Real Estate Solutions Llc
Bought by
Ananias Ii Paul T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2011
Sold by
Wells Fargo Bank Na
Bought by
Freedom Real Estate Solutions Llc

Purchase Details

Closed on
Jan 14, 2011
Sold by
Gierman Dennis L and Gierman Laura Y
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 13, 1998
Sold by
Gervais John E and Gervais Mary B
Bought by
Gierman Dennis L and Gierman Laura Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,907
Interest Rate
6.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 22, 1997
Sold by
Gervais Mary B
Bought by
Gervais John E and Gervais Mary B

Purchase Details

Closed on
Sep 20, 1996
Sold by
Gervais John
Bought by
Gervais Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
7.95%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Khwaja David -- First American Title Company
Khwaia David -- First American Title
Khwaja David $467,000 First American Title
Ananias Ii Paul T -- First American Title Company
Ananias Ii Paul T $165,000 First American Title Company
Freedom Real Estate Solutions Llc $105,000 Fidelity National Title Comp
Wells Fargo Bank Na $96,830 None Available
Gierman Dennis L $57,500 Orange Coast Title
Gervais John E -- --
Gervais Mary B -- Chicago Title Co
Gervais Mary B $50,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khwaja David $150,000
Closed Khwaja David $285,000
Closed Khwaia David $285,000
Previous Owner Khwaja David $285,000
Previous Owner Ananias Ii Paul T $123,750
Previous Owner Gierman Dennis L $92,000
Previous Owner Gierman Dennis L $14,907
Previous Owner Gervais Mary B $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2020 05/12/20 Rented $795 0.0% --
05/04/2020 05/04/20 Off Market $795 -- --
04/24/2020 04/24/20 Price Changed $795 -3.6% $2 / Sq Ft
04/23/2020 04/23/20 For Rent $825 +33.1% --
06/01/2012 06/01/12 Rented $620 +4.2% --
06/01/2012 06/01/12 Under Contract -- -- --
04/01/2012 04/01/12 For Rent $595 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,156 $495,582 $79,590 $415,992
2023 $5,156 $476,340 $76,500 $399,840
2022 $4,994 $467,000 $75,000 $392,000
2021 $1,923 $170,569 $54,534 $116,035
2020 $1,905 $168,821 $53,975 $114,846
2019 $1,871 $165,512 $52,917 $112,595
2018 $1,837 $162,268 $51,880 $110,388
2017 $1,804 $159,087 $50,863 $108,224
2016 $1,742 $155,968 $49,866 $106,102
2015 $1,725 $153,627 $49,118 $104,509
2014 $1,671 $150,619 $48,156 $102,463
Source: Public Records

Agents Affiliated with this Home

  • Adam Clarke

    Landlord's Agent in 2020

    Adam Clarke

    Access Asset Management Inc

    (951) 318-1162

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW20078268

California Regional Multiple Listing Service (CRMLS)

APN: 373-152-009

California Riverside County Lake Elsinore 92530 Lake Elsinore Historic District

176 Olive St Unit 2, Lake Elsinore, CA

This home is located at 176 Olive St Unit 2, Lake Elsinore, CA 92530 since 23 April 2020 and is currently priced at $565,904. This property was built in 1924. 176 Olive St Unit 2 is a home located in Riverside County with nearby schools including Railroad Canyon Elementary School, Elsinore Middle School, and Elsinore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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