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
328 Avenue 1, Lake Elsinore, CA 92530
328 Avenue 1, Lake Elsinore, CA 92530
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jim Black

Jim Black

+1(925) 285-4898
Listed by Navid Nooryshokry, DRE #02072362 • Keller Williams OC Coastal Realty
$ 749,900
Est. payment | /mo

3 Beds

3 Baths

1,192 SqFt

Save
$ 749,900
Est. payment | /mo
Save

3 Beds

3 Baths

1,192 SqFt

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.

Nearby Locations

GET MORE INFORMATION

Jim Black
Jim Black

Chief Lending Officer : Founder License ID: NMLS633511/1065732 DRE02089890

+1(925) 285-4898

www.meetjimblack.com

2571 S Main St., Ste D, Soquel, CA 95073, USA

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Revest Homes, Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

328 Avenue 1