32989 Macy Street

Lake Elsinore, CA 92530

  • 12 Bed(s)
  • 8 Bath(s)
  • 4,200 Sqft
  • 11326
    Sqft(Lot)
$699,000

Description

Exceptional investment opportunity in lake elsinore! priced at $699,000, this property includes plans that have already been submitted to the city for approval to convert the existing structure into a modern 4-plex, with each of the four units featuring three bedrooms and two bathrooms. the building offers a total of 4,194 sqft of living space, set on an 11,326 sqft lot in a prime r-3 high-density residential zone, ideal for multi-family projects.



this property boasts scenic views of lake elsinore and the ortega mountains, and is close to lake elsinore beachfront park, the casino, and diamond stadium. based on local rental rates, monthly income projections per unit range from $2,200 to $3,000, creating a compelling revenue stream for both long-term and short-term rentals. all permits and plans are ready, with construction able to begin upon approval, making this an excellent prospect in a growing area.



in addition to this property, two adjacent lots may be available for purchase at the right price, expanding the investment potential even further.



don't miss this rare opportunity—schedule a viewing today!

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    47545958

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1941
    • Building Area Total: 4,200

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.26
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11326

  • Listing Price Information

    • Original List Price: 699,000
    • Listing Contract Date: 2024-11-04

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 379060015

  • Garage and Parking

    • Garage Description: Asphalt,Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: SRCAR - Southwest Riverside County
    • Postal Code Plus 4: 5689
    • Directions: From the I-15 Freeway, take the Central Avenue exit and head west, turn left onto Collier Avenue, then right onto Riverside Drive, and finally left onto Macy Street. The property is located at 32989 Macy Street on your left.
    • Zoning: CP
    • Source Property Type: Residential Income
    • Area: SRCAR - Southwest Riverside County
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 83
    • Common Walls: 2+ Common Walls
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Seperate for each unit
    • Property Attached: Yes
    • Levels or Stories: One
    • Building Total Stories: 1
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BuyOwner last updated this listing 11/14/2024 @ 21:51

  • MLS: SB24228360
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 12 bedrooms which is for sale, it has 4,200 sqft, 11,326 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Lake Elsinore , in zip code 92530, this Riverside County Home are nearby neighborhoods.