32989 Macy, Lake Elsinore, CA 92530

Lake Elsinore
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
32989 Macy,Lake Elsinore, CA 92530
$689,000
  • 12 Beds
  • - Baths
  • 4,200 sq. ft.
  • Multi-family
  • Active
Listed by: josephine sharma, raj sharma
Office: legacy homes realty
MLS#:CRSW26070373
Source:Bay East, CCAR, bridgeMLS

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 #:CRSW26070373
  • Added:8 day(s) ago
  • Updated:April 12, 2026 at 03:42 AM

Rooms and interior

  • Bedrooms:12
  • 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
  • Architectural Style:Quadruplex
  • Exterior Features:Level

Finances and disclosures

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

Features and amenities

  • Laundry features:No Hookups
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 12, 2026

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