32989 Macy Street
Lake Elsinore, CA 92530
- – beds
- – baths
- – sqft
- 11,326 sqft lot
- 1941 build
- – on site
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!
Listed By CRMLS_CA / Eric Baskett / Circle Real Estate / 310-564-6640
Last checked:
Checking…
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Last updated Nov 11, 2024
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MLS# SB24228360 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1941
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:4200.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:1
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:1
Interior
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Levels:One
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Entry Location:Seperate for each unit
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Laundry:None
Location
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Directions:From the I-15 Freeway, take the Central Avenue exit and head west, turn left onto Collier Avenue, then right onto Riverside Drive, and finally left onto Macy Street. The property is located at 32989 Macy Street on your left.
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Latitude:33.66133100
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Longitude:-117.37956300
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:CP
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Lot Features:Level with Street
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Lot Size Area:11326.0000
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Lot Size Acres:0.2600
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Lot Size SqFt:11326.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:C
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Tax Census Tract:430.01
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Tax Tract:005...
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Tax Lot:1
The Listing
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Special Listing Conditions:Standard
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Parcel Number:379060015
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Lake
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Pool:None
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Private Pool:No
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Association:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Driveway, Asphalt
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Parking Spaces:8.00
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Uncovered Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/5/24
Nov 5, 2024
|
Listed / Active | CRMLS_CA | $699,000 | |
10/7/24
Oct 7, 2024
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Price Changed | BRIDGE | ||
7/18/24
Jul 18, 2024
|
Listed / Active | BRIDGE |