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328 Avenue 1 , Lake Elsinore, CA 92530
$749,900
Est. Payment: $3,891.07/mo
3 Bed
3 Bath
1192 Sqft
0.13 Acres
Status: active | Days on site: 5
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Chris Heller
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House 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 manuf
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Highlights

Listed by Navid Nooryshokry , 612-720-4443 Keller Williams OC Coastal Realty , 949-373-1600. San Diego County Multiple Listing Service mls logo

Property Type

Residential
Lot/Acreage
0.13

Year Built

2026

County

Riverside

Listing ID

OC26235170

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Appliances:Dishwasher, Refrigerator, Solar Panels, Gas Range
Floor:Linoleum/Vinyl
Water:Public

Exterior Features

Garage Capacity:1
Roof:Asphalt
Others:
  • ▪ Additional:Turnkey
Sewer:Sewer Paid

Open House

Upcoming Open Houses
Sunday 2:00 pm - 5:00 pm Nov 8
Principal Interest
$3,891
Taxes
$478

Home Price

$749,900

Loan Details

30 yrs
6.75%

Down Payment

20%
$149,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,891.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,891.07 $478.06 $0.00 $4,369.13
Yearly $46,692.84 $5,736.74 $0.00 $52,429.57
Total $1,400,785.09 $172,102.05 $0.00 $1,572,887.14

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Market insight data is pulled from the same city as the listing being viewed (Lake Elsinore, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.

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Data last updated: 2026-11-07T23:34:26.000Z

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