32989 Macy Street
Lake Elsinore, CA 92530
0.26 acres | #SB24228360
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!
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eric Baskett (#SBASKERI)
Listing Office: Circle Real Estate (#SB1380740)
Listing Courtesy (Buyer)
Buyer's Agent: NONE NONE (#NONE)
