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Listed by Josephine Sharma, DRE #01507253 • LEGACY HOMES REALTY
$689,000
Est. payment /mo
0.26 Acres Lot
Active
32989 Macy Lake Elsinore, CA 92530
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26070373
Year Built 1941
Lot Size 0.260 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional value-add investment opportunity located at 32989 Macy St in the growing city of Lake Elsinore. Previously designated as a commercial-zoned and utilized as a church, this property has been rezoned by the city to High Density R-3 Residential, creating a rare and highly desirable opportunity to meet the area's increasing housing demand. This zoning shift significantly enhances the property's development potential, making it ideal for developers, investors, and builders seeking to maximize returns. The existing structure spans approximately 4,200 square feet and offers a strong foundation for redevelopment into a multi-unit income-producing asset, with potential for a 4-plex configuration and additional ADU possibilities (buyer to verify with city). With limited inventory and continued population growth in the region, this property is well-positioned for long-term appreciation and rental income potential. The property enjoys scenic lake and mountain views and is located just minutes from Lake Elsinore, Southern California's largest natural freshwater lake, known for boating, fishing, and year-round outdoor recreation. Its strategic location near Ortega Highway provides convenient commuter access to Orange County, making it especially attractive for tenants traveling to c
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating Central Forced Air
Cooling Central AC
Laundry None
Exterior
Parking Features Other
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 379060015
Special Listing Condition Not Applicable
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