Home | Riverside County | Lake Elsinore | 92530 | 328 Avenue 1
MLS: CROC26235170 | Status: Active | Price: $749,900
Beds/Baths: 3 / 3
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 3 | 3 | 1,192 | 5,663 | 2026 |
| Date | Time | Hosted By |
|---|---|---|
| Saturday, November 7 | 1:00 pm - 4:00 pm | Navid Nooryshokry |
| Sunday, November 8 | 1:00 pm - 4:00 pm | Navid Nooryshokry |
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
| Field | Value |
|---|---|
| MLS # | CROC26235170 |
| MLS Source | California Regional MLS |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom |
| Appliances | Dishwasher, Other, Oven Range - Gas, Refrigerator |
| Fireplace | None |
| Laundry | Other |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Pool | None |
| Style | Cottage |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Other, Garage: 1 Car(s) |
| Elementary District | Lake Elsinore Unified |
| High School District | Lake Elsinore Unified |
| HOA Fee | $0 |
Navid Nooryshokry
Keller Williams OC Coastal Realty
License #: 02072362
Phone: –
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Railroad Canyon Elementary School | public | K-5 | 0.39 mi | 3 |
| Elsinore Elementary School | public | K-5 | 0.96 mi | 2 |
| Elsinore Middle School | public | 6-8 | 1.46 mi | 3 |
| Ortega High School | public | 9-12 | 1.62 mi | 1 |
| Keith McCarthy Academy | public | K-12 | 1.68 mi | 2 |
| Valley Adult | public | UG | 1.68 mi | N/A |
| Lake Elsinore Early Childhood Education | public | UG | 1.75 mi | N/A |
| Tuscany Hills Elementary School | public | K-5 | 2.18 mi | 5 |
| Earl Warren Elementary School | public | K-5 | 2.23 mi | 5 |
| Lakeland Village School | public | K-8 | 2.51 mi | 2 |
| Temescal Canyon High School | public | 9-12 | 3.30 mi | 7 |
| Elsinore High School | public | 9-12 | 3.42 mi | 5 |
| William Collier Elementary School | public | K-5 | 3.42 mi | 4 |
| Cottonwood Canyon Elementary School | public | K-5 | 3.46 mi | 8 |
| Canyon Lake Middle School | public | 6-8 | 3.52 mi | 5 |
| Machado Elementary School | public | K-5 | 3.78 mi | 2 |
| Lakeside High School | public | 9-12 | 3.87 mi | 4 |
| Herk Bouris Elementary | public | K-5 | 4.70 mi | 5 |
| Withrow Elementary School | public | K-5 | 4.77 mi | 4 |
| Terra Cotta Middle School | public | 6-8 | 4.85 mi | 2 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 29271 Date Palm | $635,000 | 4 | 3 | 2,314 | Active |
| 29338 Sword Fern | $629,000 | 4 | 3 | 2,309 | Active |
| 31685 Canyon Ridge | $600,000 | 4 | 2/1 | 2,123 | Active |
| 31725 Canyon Ridge Dr | $625,000 | 5 | 3 | 2,486 | Active |
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This listing information is up-to-date as of November 06, 2026. For the most current information, please contact Navid Nooryshokry.