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32989 Macy, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:CENTURY 21 Masters
32989 Macy,Lake Elsinore, CA 92530
$689,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: josephine sharma
Office: legacy homes realty
MLS#:SW26070373
Source:MLSListings

Price summary

  • Price:$689,000

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:142 day(s) ago
  • Updated:August 25, 2026 at 04:28 PM

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Forced Air

Structure and exterior

  • Year built:1941
  • Lot area:0.26 Acres
  • Lot Features:Level
  • Levels:1 Story

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$689,000

Parking

  • Parking description:Other
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