32989 Macy, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:ERA Donahoe Realty
32989 Macy,Lake Elsinore, CA 92530
$689,000
  • 12 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: josephine sharma, raj sharma
Office: legacy homes realty
MLS#:SW26070373
Source:San Diego MLS via CRMLS

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 areas increasing housing demand. This zoning shift significantly enhances the propertys 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

  • Listing ID #:SW26070373
  • Added:138 day(s) ago
  • Updated:August 20, 2026 at 02:06 PM

Rooms and interior

  • Bedrooms:12

Heating and cooling

  • Cooling:Central Forced Air

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$689,000
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