R-3 Zoned Quadplex
For Sale
$689,000
32989 Macy, Lake Elsinore, CA 92530
Lake Elsinore, CA
Property Size4,200 SF
Lot Size0.26 Acres
Price / SF$164.05
Days on Market150
Property Features for 32989 Macy
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
12
Rooms
Bedroom 4, Bedroom 3, Bedroom 11, Bedroom 10, Bedroom 5, Bedroom 9, Bedroom 12, Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 1, Bedroom 8
Parking features
Paved or Surfaced
Lot features
Level
Directions
Off of Grand Ave and Macy St
Subdivision
SRCAR - Southwest Riverside County
Standard status
Active
APN
379060015
Lot size
0.26 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1941
Floors in Building
1
Number of units
4
Listing Agency:
LEGACY HOMES REALTY
(951) 314-4251
Listed By:
Josephine Sharma · License #01507253
(951) 314-4204
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 30 at 1:06PM
MLS# SW26070373
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex property at 32989 Macy in Lake Elsinore includes an existing structure originally built in 1941. The property is served by public water and public sewer, with central heating, central air, and paved or surfaced parking. The city has rezoned the site to High Density R-3 Residential, and the existing improvements may support redevelopment into a four-unit configuration with additional ADU possibilities, subject to buyer verification with the city.
The 0.26-acre property offers lake and mountain views and sits near Ortega Highway, providing access toward Orange County. Interstate 15 is a short drive away, connecting the area with Corona, Temecula, Riverside, and San Diego. Nearby amenities and attractions include Lake Elsinore Launch Pointe, Lake Elsinore Beachfront Park, Lake Elsinore Casino, Storm Stadium, Costco, Home Depot, Target, Super Wal-Mart, and Lowe's shopping centers.
The 0.26-acre property offers lake and mountain views and sits near Ortega Highway, providing access toward Orange County. Interstate 15 is a short drive away, connecting the area with Corona, Temecula, Riverside, and San Diego. Nearby amenities and attractions include Lake Elsinore Launch Pointe, Lake Elsinore Beachfront Park, Lake Elsinore Casino, Storm Stadium, Costco, Home Depot, Target, Super Wal-Mart, and Lowe's shopping centers.
Key Highlights
- High Density R‑3 Residential zoning supports a potential four‑unit redevelopment, with additional ADU possibilities subject to city verification
- 0.26‑acre site in Lake Elsinore
- Existing structure built in 1941
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 92530, CA
59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Existing improvements offer redevelopment potential under High Density R-3 Residential zoning, with public water and sewer service.
Where is this quadplex located?
The property is located at 32989 Macy Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: High Density R‑3 Residential zoning supports a potential four‑unit redevelopment, with additional ADU possibilities subject to city verification; 0.26‑acre site in Lake Elsinore; Existing structure built in 1941
