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32989 Macy, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:CENTURY 21 Epic
32989 Macy,Lake Elsinore, CA 92530
$689,000
  • - Beds
  • - Baths
  • 4,200 sq. ft.
  • Multi-family
  • Active
Listed by: josephine sharma, raj sharma
Office: legacy homes realty951-314-4251
MLS#:SW26070373
Source:CRMLS

Price summary

  • Price:$689,000
  • Price per sq. ft.:$164.05

About this home

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...

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Home facts

  • Year built:1941
  • Listing ID #:SW26070373
  • Added:47 day(s) ago
  • Updated:May 21, 2026 at 10:40 AM

Rooms and interior

  • Living area:4,200 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1941
  • Building area:4,200 sq. ft.
  • Lot area:0.26 Acres
  • Lot Features:Level with Street
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$689,000
  • Price per sq. ft.:$164.05

Parking

  • Parking description:Unpaved
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