32989 Macy, Lake Elsinore, CA 92530
32989 Macy, Lake Elsinore, CA 92530
32989 Macy, Lake Elsinore, CA 92530
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Josephine Sharma, DRE #01507253 • LEGACY HOMES REALTY
$675,000
Est. payment /mo
0.26 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSW26070373

Year Built 1941

Lot Size 0.260 Acres

Property Sub-Type Triplex

Source California Regional MLS

Property Description

Plans to built 3 plex has been submitted to the city for review and approval; each unit plan has 3 bedrooms and 2 baths. 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 3-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

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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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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32989 Macy

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