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!
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!
Property Details
Price:
$749,900
MLS #:
OC26235170
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Nov 2, 2026
Finished Sq Ft:
1,192
Lot Size:
5,663 sqft / 0.13 acres (approx)
Year Built:
2026
See this Listing
Schools
School District:
Lake Elsinore Unified
Interior
Appliances
Refrigerator, Tankless Water Heater, Gas Range, Dishwasher
Bathrooms
3 Full Bathrooms
Cooling
Ductless
Flooring
Vinyl
Heating
Central
Laundry Features
Inside, See Remarks
Levels
One
Main Level Bathrooms
3
Main Level Bedrooms
3
Exterior
Architectural Style
Cottage
Common Walls
No Common Walls
Community Features
Biking
Covered Spaces
1
Fencing
Vinyl, Wood
Garage Spaces
1
Green Energy Efficient
Appliances
Lot Features
0-1 Unit/Acre
New Construction YN
1
Parking Features
Concrete, Carport
Parking Spots
1
Parking Total
1
Roof
Asphalt
Stories
1
View
Mountain(s), Neighborhood
Financial
Map
Community
- Address328 Avenue 1 Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530
Subdivisions in Lake Elsinore
Market Summary
Current real estate data for Single Family in Lake Elsinore as of Nov 05, 2026
283
Single Family Listed
65
Avg DOM
315
Avg $ / SqFt
$654,500
Avg List Price
Property Summary
- 328 Avenue 1 Lake Elsinore CA is a Single Family for sale in Lake Elsinore, CA, 92530. It is listed for $749,900 and features 3 beds, 3 baths, and has approximately 1,192 square feet of living space, and was originally constructed in 2026. The current price per square foot is $629. The average price per square foot for Single Family listings in Lake Elsinore is $315. The average listing price for Single Family in Lake Elsinore is $654,500.
Similar Listings Nearby
Courtesy of Keller Williams OC Coastal Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.328 Avenue 1
Lake Elsinore, CA