Lake Elsinore, CA 92530,32989 Macy Street
Lake Elsinore, CA 92530,32989 Macy Street
Lake Elsinore, CA 92530,32989 Macy Street
Lake Elsinore, CA 92530,32989 Macy Street
Lake Elsinore, CA 92530,32989 Macy Street
Lake Elsinore, CA 92530,32989 Macy Street
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$653,000

$699,000

6.6%
Est.Price: ?

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Est. payment /mo

12 Beds

8 Baths

0.26 Acres Lot


SOLD DATE : 12/23/2024

Key Details

Sold Price $653,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24228360

Sold Date 12/23/24

Bedrooms 12

HOA Y/N No

Lot Size 0.260 Acres

Property 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 opportunityschedule a viewing today!
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 opportunityschedule a viewing today!

Location

State CA

County Riverside

Area Riv Cty-Lake Elsinore (92530)

Zoning Assessor

Interior

Cooling Central Forced Air

Building

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $9

Acceptable Financing Cash, Exchange, Seller May Carry

Listing Terms Cash, Exchange, Seller May Carry

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San Diego Regional MLS (SDMLS)
Listed by Eric Baskett • Circle Real Estate
Bought with NONE NONE • None MRML
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