32989 Macy
Lake Elsinore, CA 92530
12
Bed
0
Bath
4,200Sqft
11,325Sqft(Lot)
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 cont
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 1941Building Area Total: 4200Stories: 1Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 11325 Lot Size Acres: 0.26 Lot Size Source: Assessor Lot Size Square Feet: 11,325 Lot Description: Level
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Listing Price Information
Listing Price: $689000Cash, Conventional
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Tax Information
Parcel Number: 379060015 Tax Lot: 1
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Virtual Tour
Parking Information
Unpaved
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Location Information
Direction: Off of Grand Ave and Macy St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 415 N Main Street, Lake Elsinore, CA, 92530 | $1,399,999 | 8 | 4 | 3,829 | 3,829 SqFt |
| 401 W Graham, Lake Elsinore, CA, 92530 | $515,000 | 3 | 2 | 1,268 | 1,268 SqFt |
| 111 S South Lindsay Str.., Lake Elsinore, CA, 92530 | $949,000 | 4 | 4 | 2,310 | 2,310 SqFt |
| 17797 Grand A & B, Lake Elsinore, CA, 92530 | $463,500 | 2 | 2 | 800 | 800 SqFt |
| 17797 Grand A & B, Lake Elsinore, CA, 92530 | $463,500 | 2 | 2 | 800 | 800 SqFt |
| 33053 Blackwell, Lake Elsinore, CA, 92530 | $599,000 | 3 | 2 | 1,706 | 1,706 SqFt |
| 33115 Evergreen Sreet, Lake Elsinore, CA, 92530 | $1,025,999 | 5 | 3 | 2,180 | 2,180 SqFt |
| 815 Quail Drive, Lake Elsinore, CA, 92530 | $435,000 | 3 | 2 | 1,251 | 1,251 SqFt |
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ByOwner last updated this listing 07/28/2026 @ 19:44
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