25
See all 25 photos
$699,000
Est. payment /mo
0.26 Acres Lot
Pending
32989 Macy ST Lake Elsinore, CA 92530
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UPDATED:
12/19/2024 05:26 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
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 and are Currently Under Review 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. Also there is a new ADU rule from Jan 2025, AB 1211, which will now allow 1 ADU for each unit. So this property can now have 4 small detached ADUs.
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.
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!
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.
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
Parking Features Asphalt, Driveway
Pool None
Community Features Lake
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
Listed by Eric Baskett • Circle Real Estate • 310-564-6640
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