32989 Macy Street
$699,000
12
32
4,200
4,200
$166
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...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 Eric Baskett • DRE #01446685 • Brokerage DRE #02142871 • Circle Real Estate • 310-564-6640
Property Details for 32989 Macy Street
Parking Spaces Total
8
Private PoolNo
Cooling TypeCentral Forced Air
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4200
Assessor Parcel Number379-060-015
LISTING UPDATED: 11/10/2024 09:34 AM
Property Details for 32989 Macy Street
Status | Active |
---|---|
MLS # | SB24228360 |
Days on Market | 12 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1941 |
Lot Size | 0.26 AC / 11,326 SF |
County | Riverside County |
Building Information for 32989 Macy Street
Stories1Residences-Year Built1941Building Size-Lot Size0.26 AC / 11,326 SF
Property Information for 32989 Macy Street
Property History for 32989 Macy Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 32989 Macy Street
Taxable ValueLand$160,000Additions-Total$160,000
Tax Record2024$1,681 ($140 / month)
Home Facts
Lot Size15,681 SqFtStyleCommercialZoningCPCountyRIVERSIDEAPN379-060-014
Schools near 32989 Macy Street
This home is within Lake Elsinore Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lakeland Village School PublicK to 8 | ||
Canyon Lake Middle School Public6 to 8 | ||
Lakeside High School Public9 to 12 | ||
Ortega High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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