Property Details
About this Property
Exceptional value-add investment opportunity located at 32989 Macy St in the growing city of Lake Elsinore. Previously designated as a commercial-zoned and utilized as a church, this property has been rezoned by the city to High Density R-3 Residential, creating a rare and highly desirable opportunity to meet the area’s increasing housing demand. This zoning shift significantly enhances the property’s development potential, making it ideal for developers, investors, and builders seeking to maximize returns. The existing structure spans approximately 4,200 square feet and offers a strong foundation for redevelopment into a multi-unit income-producing asset, with potential for a 4-plex configuration and additional ADU possibilities (buyer to verify with city). With limited inventory and continued population growth in the region, this property is well-positioned for long-term appreciation and rental income potential. The property enjoys scenic lake and mountain views and is located just minutes from Lake Elsinore, Southern California’s largest natural freshwater lake, known for boating, fishing, and year-round outdoor recreation. Its strategic location near Ortega Highway provides convenient commuter access to Orange County, making it especially attractive for tenants traveling to c
MLS Listing Information
MLS #
CRSW26070373
MLS Source
California Regional MLS
Days on Site
0
Interior Features
Laundry
None
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Josephine Sharma
LEGACY HOMES REALTY
License #: 01507253
Phone: (951) 314-4251
Co-Listing Agent
Raj Sharma
LEGACY HOMES REALTY
License #: 01886334
Phone: (951) 314-4251
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
32989 Macy is a Residential Income in Lake Elsinore, CA 92530. This – square foot property sits on a 11,325 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $689,000 and was built in 1941. This address can also be written as 32989 Macy, Lake Elsinore, CA 92530.
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This listing information is up-to-date as of April 03, 2026. For the most current information, please contact Josephine Sharma, (951) 314-4251
