Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSB24228360
MLS Source
California Regional MLS
Days on Site
13
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
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
32989 Macy St is a Residential Income in Lake Elsinore, CA 92530. This – square foot property sits on a 11,326 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $699,000 and was built in 1941. This address can also be written as 32989 Macy St, Lake Elsinore, CA 92530.
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This listing information is up-to-date as of November 11, 2024. For the most current information, please contact Eric Baskett, (310) 564-6640
