32989 Macy ST Active

Lake Elsinore,CA 92530

$ 699000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24228360

HOA Y/N No

Year Built 1941

Lot Size 0.260 Acres

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!

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Zoning CP

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry None

Exterior

Garage Asphalt,Driveway

Pool None

Community Features Lake

Parking Type Asphalt,Driveway

Total Parking Spaces 8

Private Pool No

Building

Lot Description Street Level

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 379060015

Acceptable Financing Cash,1031 Exchange,Owner May Carry

Listing Terms Cash,1031 Exchange,Owner May Carry

Special Listing Condition Standard

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