8 days on rocket

32989 Macy St, Lake Elsinore, CA, 92530

$699,000

Home List Price

$8,301*

Closing Credit

0 Baths
Multi

Location

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32989 Macy St, Lake Elsinore$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAsphalt, Driveway
Year Built1941
HeatingCentral
CoolingCentral Air
MLS #SB24228360
Lot Size0.26 Acres
StatusActive

About 32989 Macy St

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!

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Stories: 1

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (310) 564-6640
  • Listing Agent: Eric Baskett

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Asphalt, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the I-15 Freeway, take the Central Avenue exit and head west, turn left onto Collier Avenue, then right onto Riverside Drive, and finally left onto Macy Street. The property is located at 32989 Macy Street on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000

Tax Information:

  • Annual Amount: $4,403
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lake Elsinore, CA.

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Lake Elsinore, CA

City

Med. Sold Price

$589.4K

Med. Price/SqFt

$297

Avg. Days On Market

33

# of Sold Homes

59

32989 Macy St vs Lake Elsinore

8 DAYS ON ROCKET

-25 Days

$699,000

+$109.5K More

KEY TAKEAWAY

This property is $109.5K more than the Median Sold Price in Lake Elsinore, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24228360

Listing Office:

  • Office Name: Circle Real Estate
  • Office Phone: (310) 564-6640
  • Listing Agent: Eric Baskett

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 1:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 23, 2008Home Sold
$630,000
May 15, 2007Home Sold
$649,000
Feb 27, 2003Home Sold
$135,000
Oct 29, 2002Home Sold
$153,410
May 27, 1998Home Sold
$16,500

Tax History

YEARPROP. TAXASSESSMENT
2021$4,403$418,635
2020$4,402$414,343
2018$4,236$398,255
2017$4,003$390,447

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-95949
3
/10

  • Machado Elementary School

  • 15150 Joy St

  • 1.54 miles

  • Public District Grades KG-5

school-card-donut-95950
3
/10

  • Withrow Elementary School

  • 30100 Audelo St

  • 1.77 miles

  • Public District Grades KG-5

school-card-donut-95951
3
/10

  • Elsinore Elementary School

  • 512 W Sumner Ave

  • 2.81 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,930. Residents of Lake Elsinore, CA typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Riverside County›Lake Elsinore›92530›32989 Macy St

This home is located at 32989 Macy St in Lake Elsinore, CA and zip code 92530 in the Lake Edge neighborhood. This home, which was built in 1941, sits on a 0.26 acre lot. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $699,000.

Lake Elsinore, CA housing market in October 2024 saw over 25 listings sold above listed price, more than 23 sold at listed price and over 11 sold below. The inventory of homes for sale in Lake Elsinore, CA between September 2024 and October 2024 decreased by 3.1%. In October 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $589,427.

From Rocket Homes Real Estate and based on county public records data.

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