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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$749,900

Est. payment - /mo

3 Beds

3 Baths

1,192 SqFt

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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 Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,192 sqft

Price per Sqft $629

MLS Listing ID OC26235170

Bedrooms 3

Full Baths 3

Construction Status Turnkey

HOA Y/N No

Year Built 2026

Lot Size 5,662 Sqft

Property Sub-Type Single Family Residence

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 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!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Rooms

Main Level Bedrooms 3

Interior

Interior Features Bedroom on Main Level

Heating Central

Cooling Ductless

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Refrigerator, Tankless Water Heater

Laundry Inside, See Remarks

Exterior

Parking Features Concrete, Carport

Garage Spaces 1.0

Garage Description 1.0

Fence Vinyl, Wood

Pool None

Community Features Biking

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s), Neighborhood

Roof Type Asphalt

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Dwelling Type House

Story 1

Entry Level One

Sewer Sewer Tap Paid

Water Public

Architectural Style Cottage

Level or Stories One

New Construction Yes

Construction Status Turnkey

Schools

School District Lake Elsinore Unified

Others

Senior Community No

Tax ID 373183016

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, VA Loan

Green/Energy Cert Solar

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae, VA Loan

Special Listing Condition Standard

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Listed by Navid Nooryshokry Keller Williams OC Coastal Realty #02072362

NEARBY SCHOOL & BUSINESS

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328 Avenue 1 Lake Elsinore, CA 92530