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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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Cooling Features
Central Air Air ConditioningHeating Source
Central Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1941 Building Area Total: 4,200 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.26 -
Lot Size Source: Assessor Lot Size Square Feet: 11325
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Listing Price Information
Original List Price: 689,000 Listing Contract Date: 2026-04-03 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 379060015
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Garage and Parking
Garage Description: UnpavedHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: SRCAR - Southwest Riverside County Directions: Off of Grand Ave and Macy St Source Property Type: Residential Income Area: SRCAR - Southwest Riverside County Property SubType: Quadruplex -
Building and Construction
Property Age: 85 Common Walls: No Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 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 |
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Nearby For Sale
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ByOwner last updated this listing 06/11/2026 @ 22:52
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