32989 Macy Street, Lake Elsinore, CA 92530
Fourplex · 2 recorded sales since 2023
Sold December 2024
Listing Agent: Eric Baskett (DRE #01446685) · Listing Office: Circle Real Estate · Contact: 310-564-6640 · Bought with: NONE NONE · None MRML · MLS #SB24228360 · Source: CRMLS
About this fourplex
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!
Listing description from the December 2024 sale, as reported to CRMLS.
Sale history
