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328 Avenue 1
Lake Elsinore CA 92530 US

$749,900

Active Listing ID OC26235170
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3 bed
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1,192 square feet
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3.00 Bath (3 Full)
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Lot: 0.13 Acres
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Single Family Residence

$749,900

Active Listing ID OC26235170
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328 Avenue 1 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!

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Property Features

  • Facts
  • Lot Size: 0.13 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 3
  • Cooling System: Ductless
  • Floor Covering: Vinyl
  • Roof Type: Asphalt
  • Heating Fuels: Central

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 749900
  • unparsedaddress: 328 Avenue 1
  • postalcity: Lake Elsinore
  • stateorprovince: CA
  • country: US
  • postalcode: 92530
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.13
  • lotsizeunits: Acres
  • lotsizearea: 0.13
  • livingarea: 1192
  • livingareaunits: Square Feet
  • listagentfullname: Navid Nooryshokry
  • listagentemail: navid.nooryshokry@gmail.com
  • listagentkey: 3yd-MRMLSCA-OCNOORNAV
  • listagentmlsid: OCNOORNAV
  • listagentpreferredphone: (949) 373-1603
  • listagentofficephone: 6127204443
  • listofficekey: 3yd-MRMLSCA-H04544
  • listagentstatelicense: 02072362
  • listofficemlsid: H04544
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 2026
  • listingcontractdate: 2026-11-01
  • listagenturl: http://www.kwocc.com
  • countyorparish: Riverside
  • parcelnumber: 373183016
  • elementaryschooldistrict: Lake Elsinore Unified
  • middleorjuniorschooldistrict: Lake Elsinore Unified
  • highschooldistrict: Lake Elsinore Unified
  • appliances: Refrigerator, Tankless Water Heater, Gas Range, Dishwasher
  • cooling: Ductless
  • flooring: Vinyl
  • heating: Central
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 1
  • parkingfeatures: Carport
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Cottage
  • rooms: Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Laundry Room
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-MRMLSCA-OC26235170", "OpenHouseEndTime": "2026-11-07 16:00:00", "OpenHouseId": "13425109", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-11-07 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }, { "AppointmentRequiredYN": false, "ListingKey": "3yd-MRMLSCA-OC26235170", "OpenHouseEndTime": "2026-11-08 16:00:00", "OpenHouseId": "13425118", "OpenHouseRemarks": null, "OpenHouseStartTime": "2026-11-08 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams OC Coastal Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"navid.nooryshokry@gmail.com", "ListBrokerageCity":"San Clemente", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw569@kw.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams OC Coastal Realty", "ListBrokeragePhone":"(949) 373-1603", "ListBrokeragePostalCode":"92673", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"3rd floor", "ListBrokerageUnparsedAddress":"635 camino de los mares", "ListBrokerageWebsiteUrl":"http://www.kwocc.com", "ListOfficeAddress1":"635 Camino De Los Mares 3rd fl ", "ListOfficeAddress2":"3rd floor", "ListOfficeBrokerMlsId":"H04544", "ListOfficeCity":"San Clemente", "ListOfficeCountry":"US", "ListOfficeEmail":"Klrw569@kw.com", "ListOfficePostalCode":"92673", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Lake Elsinore, CA", "ListingURL":null, "MLSModificationTimestamp":"2026-11-01 21:25:28", "Neighborhoods":[{"Description":null, "Name":"SRCAR - Southwest Riverside County"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 1
Listing Changed: 11/4/2026 4:07:52 AM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Navid Nooryshokry, Keller Williams OC Coastal Realty, navid.nooryshokry@gmail.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.