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Listed by: Navid Nooryshokry DRE #02072362 | Keller Williams OC Coastal Realty (949) 373-1600
$749,900
Monthly Est:$3,733
3 Beds
3 Baths3 full baths
1,192sqft
328 Avenue 1, Lake Elsinore, CA 92530
$749,900
$3,733/moEst:
Get Pre-Approved
Single Family Residence
Built in 2026
$-- HOA
5,663 sqft lot
$629/sq.ft
Description
RARE THREE-UNIT INCOME PROPERTY! $5,250 MONTHLY RENTAL POTENTIAL | BRAND-NEW 2026 ADU | SOLAR & BATTERY!
An exceptional investment opportunity at 328 Avenue 1 in Lake Elsinore! This versatile three-unit property offers multiple income streams, extensive upgrades, and flexible living arrangements. Ideal for investors seeking rental income or homeowners looking for multi-generational living.
Featuring three separate living spaces, the property offers approximately $5,250 in potential monthly rental income ($63,000 annually) based on current rents and projected rent for the newest ADU.
UNIT 1 – MAIN COTTAGE: Features 1 bedroom, 1 bathroom, well-appointed kitchen, cozy living room, separate dining area, and dedicated laundry room. Improvements include laminate flooring, updated windows, new exterior siding, fresh interior and exterior paint, newer roof, and three mini-split heating and air-conditioning systems. Currently rented for $1,750 per month.
UNIT 2 – STUDIO ADU: Permitted approximately 200-square-foot studio ADU completed in 2025. Currently rented for $1,250 per month.
UNIT 3 – BRAND-NEW 2026 ADU: Newly constructed 464-square-foot ADU featuring 1 bedroom, 1 bathroom, and in-unit washer and dryer. Projected rental income of approximately $2,250 per month.
SOLAR & BATTERY SYSTEMS: The main home and 2025 studio ADU have Sunrun solar with a combined monthly lease payment of approximately $105. The brand-new 2026 ADU features its own fully paid solar and battery system, including 6,000 watts of solar capacity, an 18 kW inverter, and a 14.3 kWh EG4 battery with a five-year manufacturer's warranty. Provides added energy independence and off-grid capabilities for the newest ADU.
OUTDOOR FEATURES: Brand-new artificial turf, white vinyl fencing, front carport, RV parking, brand-new storage shed, and shared outdoor gas BBQ area.
All three living units are connected to the sewer system.
Located in the Lakepoint Park area of Lake Elsinore, with easy access to the 15 Freeway, shopping, restaurants, and recreational opportunities surrounding beautiful Lake Elsinore.
THREE SEPARATE LIVING UNITS. $5,250 MONTHLY RENTAL POTENTIAL. BRAND-NEW 2026 ADU. PAID-OFF SOLAR AND BATTERY ON THE NEWEST UNIT.
Don't miss this unique opportunity to own a versatile three-unit property with multiple income possibilities!
- Houzeo last checked: 10 minutes ago
- Listing updated: November 2, 2026 at 5:27 am
- Source: California Regional MLS-CA | MLS#: OC26235170
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
2026
HOA Fees
-
Finished Area
1,192 sqft
Lot Size
5,663 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
OC26235170
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Interior
Flooring
Vinyl
Sewer
Sewer Tap Paid
Cooling
Ductless
Appliances
Dishwasher, Gas Range, Refrigerator, Tankless Water Heater
Heating
Central
Interior Features
Bedroom On Main Level
Construction
Year Built
Year Built: 2026
Home type
Single Family Residence
Property Condition
Turnkey
Roof
Asphalt
Architectural Style
Cottage
Utilities & Energy
Fireplace Features
None
Utilities
Electricity Connected, Sewer Connected, Water Connected
Parking Features
Concrete, Carport
Pool Features
None
Laundry Features
Inside, See Remarks
Water Source
Public
Other Features
Disclosures
Accessory Dwelling Unit
Lot Features
Zero To One Unit Acre
Community Features
Biking
Price History
| Date | Event | Price |
|---|---|---|
02/21/2025 Source: | Listed for Sale | $489,000 $410/sqft |
02/21/2025 Source: | Off Market | $489,000 +43.82% $410/sqft |
07/30/2024 Source: | Price Increased | $340,000 +28.30% $285/sqft |
08/10/2021 Source: | Sold | $265,000 $222/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 02, 2026, 08:01AM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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