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Kyle Taylor

kyle@taylorcorealtors.com +1(619) 318-8178

$ 749,900

Est. payment -/mo

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Open Sat 1PM-4PM

328 Avenue 1 Lake Elsinore, CA 92530

3 Beds

3 Baths

1,192 SqFt

Open House

Sat Nov 07, 1:00pm - 4:00pm

Sun Nov 08, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,192 sqft

Price per Sqft $629

MLS Listing ID OC26235170

Style Cottage

Bedrooms 3

Full Baths 3

Year Built 2026

Lot Size 5,663 Sqft

Property Sub-Type Detached

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. 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

Location

State CA

County Riverside

Direction Lakeshore Drive to Country Club Blvd, Turn into Mills Street and Right at Avenue 1

Interior

Heating Forced Air Unit

Flooring Linoleum/Vinyl

Fireplace No

Appliance Dishwasher, Refrigerator, Solar Panels, Gas Range

Exterior

Garage Spaces 1.0

Fence Vinyl, Wood

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Mountains/Hills, Neighborhood

Roof Type Asphalt

Total Parking Spaces 1

Building

Story 1

Sewer Sewer Paid

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 373183016

Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

Listed by Navid Nooryshokry, DRE#02072362 Keller Williams OC Coastal Realty
Co-listed byNON LISTED OFFICE

Kyle Taylor

Agent DRE# 02248040

+1(619) 318-8178

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Kyle Taylor

328 Avenue 1 Lake Elsinore, CA 92530

Open House

Key Details

Location

Interior

Exterior

Building

Others

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328 Avenue 1