328 Avenue 1, Lake Elsinore, CA 92530
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328 Avenue 1, Lake Elsinore, CA 92530
328 Avenue 1, Lake Elsinore, CA 92530
328 Avenue 1, Lake Elsinore, CA 92530
328 Avenue 1, Lake Elsinore, CA 92530
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Greg Wang

Greg Wang

+1(408) 828-6366
Listed by Navid Nooryshokry, DRE #02072362 • Keller Williams OC Coastal Realty
$ 749,900
Est. payment /mo
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328 Avenue 1 Lake Elsinore, CA 92530

3 Beds

3 Baths

1,192 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,192 sqft

Price per Sqft $629

MLS Listing ID CROC26235170

Style Cottage

Bedrooms 3

Full Baths 3

Year Built 2026

Lot Size 5,663 Sqft

Property Sub-Type Single Family Home

Source California Regional MLS

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

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Rooms

Kitchen Dishwasher, Oven Range - Gas, Refrigerator

Interior

Heating Central Forced Air

Fireplaces Type None

Laundry Other

Exterior

Parking Features Carport , Other

Garage Spaces 1.0

Fence Other, Wood

Pool None

View Hills, Local/Neighborhood

Roof Type 2

Building

Story One Story

Sewer Sewer Available

Water District - Public

Architectural Style Cottage

Others

Tax ID 373183016

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.
Greg Wang

Greg Wang

Real Estate Broker License ID: 00960934

+1(408) 828-6366

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328 Avenue 1