For sale Home

Listed Nov 2, 2026

$749,900 Est. $4,960/mo

328 Avenue 1

  • 3

    Beds

  • 3

    Baths

  • 1,192

    Sq ft

The story

  • Pool

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

Facts & features

Home type

Home

Year built

2026

Floors

1

Price per sq ft

$629

Parking

1-car garage

Included features

  • Pool

    Yes

  • Fireplace

    Yes

  • Heating

    Forced Air Unit

  • Appliances

    Dishwasher, Refrigerator, Solar Panels, Gas Range

  • Flooring

    Linoleum/Vinyl

  • Roof

    Asphalt

  • Water Source

    Public

  • Sewer

    Sewer Paid

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$4,960 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,991
  • Property tax $750
  • Insurance $219

Includes principal, interest, taxes & insurance.

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Listing Broker

Keller Williams OC Coastal Realty

Broker Name

Keller Williams OC Coastal Realty

Agent

Navid Nooryshokry

Location

San Clemente CA 92673