$689,000

For Sale

13 days ago

32989 Macy St, Lake Elsinore, CA

Name: 32989 Macy St, For Sale in Lake Elsinore - eXp Realty
Brand: LEGACY HOMES REALTY
SKU: SW26070373
Price: 689000 USD

House

MLS® SW26070373

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage

Taxes

Days Active 12

Lot Size

Approx. Age 1941

MLS® Number SW26070373

Property Address: 32989 Macy St, Lake Elsinore, CA, 92530-5689

Average square foot calculated using Size range provided by listing agent.

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 coastal employment hubs. Additionally, the property is just a short drive from the Interstate 15 Fwy, offering seamless connectivity to Corona, Temecula, Riverside, and San Diego. Residents will appreciate close proximity to popular local attractions such as Lake Elsinore Launch Pointe, Lake Elsinore Beachfront Park, Lake Elsinore Casino, and Storm Stadium, along with convenient access to nearby Costco, Home Depot, Target, Super Wal-Mart, Lowe's Shopping centers, dining, and everyday amenities. With its prime location, flexible high-density zoning, scenic views, and strong redevelopment potential, this property represents a rare opportunity to invest in one of Southern California’s rapidly expanding rental markets.

MLS® NumberSW26070373

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1941

Basement

DrivewayUnpaved

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 3, 2026List Date

$689,000List Price

Commute

Commute

Starting Address

Destination Address

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