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(650) 219-8700
RE/MAX CAPITAL
328 Avenue 1, Lake Elsinore, CA 92530
- $749,900
- 3
- BD
- 3
- BA
Listed by Navid Nooryshokry, from Keller Williams OC Coastal Realty
(If provided) CoList: from
- List Price
- $749,900
- MLS#
- CROC26235170
- Status
- ACTIVE
- Levels
- One Story
- Bedrooms
- 3
- Total Bathrooms
- 3
- Full Bathrooms
- 3
- Lot Size
- 5,663
- Listing Area
- Srcar - Southwest Riverside County
- Year Built
- 2026
Property 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. SOL
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Additional Information
- Acres
- 0.13
- Bedroom Description
- Ground Floor Bedroom
- Energy Features
- Tankless Water Heater
- Fence
- Other, Wood
- Fireplace Description
- None
- Garage Parking
- Carport, Other
- Heating System
- Central Forced Air
- Laundry Facilities
- Other
- Levels
- One Story
- Lot Size
- 5,663
- Neighborhood
- Srcar - Southwest Riverside County
- Pool Description
- None
- Roof
- 2
- Sewer
- Sewer Available
- Style
- Cottage
- Unincorporated Yn
- Yes
- View
- Hills, Neighborhood View
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than RE/MAX CAPITAL are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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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