32989 Macy Street, Lake Elsinore, CA 92530
-
Listed Price :
$699,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1941
Property Description
Exceptional investment opportunity in Lake Elsinore! Priced at $699,000, this property includes plans that have already been submitted to the city for approval to convert the existing structure into a modern 4-plex, with each of the four units featuring three bedrooms and two bathrooms. The building offers a total of 4,194 sqft of living space, set on an 11,326 sqft lot in a prime R-3 High-Density Residential Zone, ideal for multi-family projects.
This property boasts scenic views of Lake Elsinore and the Ortega Mountains, and is close to Lake Elsinore Beachfront Park, the casino, and Diamond Stadium. Based on local rental rates, monthly income projections per unit range from $2,200 to $3,000, creating a compelling revenue stream for both long-term and short-term rentals. All permits and plans are ready, with construction able to begin upon approval, making this an excellent prospect in a growing area.
In addition to this property, two adjacent lots may be available for purchase at the right price, expanding the investment potential even further.
Don't miss this rare opportunity—schedule a viewing today!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
32989 Macy Street |
| City |
Lake Elsinore |
| State |
CA |
| Zip |
92530 |
| County |
Riverside |
| Listing Agent |
Eric Baskett DRE #01446685 |
| Courtesy Of |
Circle Real Estate |
| List Price |
$699,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
11,326 |
| Year Built |
1941 |
Listing information courtesy of: Eric Baskett, Circle Real Estate. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 11th, 2024 at 1:35 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
