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$4,000,000
 $21,473 est/mo Sourced by Back At You

16459 Joy Street,Lake Elsinore, CA 92530

Lake Elsinore, CA 92530

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Description

16459 Joy Street presents a compelling multifamily investment opportunity in Lake Elsinore, CA. This 10-unit property features spacious three-bedroom townhome-style units with premium amenities, including central air and heat, private patios, and in-unit laundry hookups. Residents appreciate the convenience of private two-car garages, driveways, and some units even featuring a carport. Strategically situated near Lake Elsinore's scenic waterfront, the property is within walking distance to Machado Elementary School and proximate to Lakeside High School. Riverside Drive offers easy access to local retailers, restaurants, and grocers, while Interstate 15 provides seamless connectivity to regional employment hubs. With two units currently vacant, this property is ideal for owner-occupants seeking a prime location with growth potential. A comprehensive renovation plan can unlock significant rental premiums, capitalizing on strong demand for quality multifamily housing in this desirable SoCal market.

Details

MLS #TR26214538
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1984
Days On Site19
Listing Provided ByIRN Realty | Vince Kwon

Features

SQ Feet14,500
Garage18
Car PortYes
Story(s)2
Units10
Building(s)3
Acreage0.60

Interior

HeatingCentral
Heating Yes / NoYes

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Parking FeaturesCarport, Driveway, Garage
Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Gutters, Sidewalks

Area Information

StateCA
CountyRiverside
CityLake Elsinore
Zip Code92530
AreaSRCAR Southwest Riverside County
Listing VS Median (in 92530)
Price:
$4,000,000
low | high
Med:
$575,000
100% of Average
sqft:
14,500
low | high
Med:
1,938
100% of Average
$ / sqft:
$276
low | high
Med:
$325
32.323628290864% of Average
On site:
19
low | high
Med:
39
48.717948717949% of Average
Sourced by Back At You

Market Activity 92530

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyRiverside
CityLake Elsinore
Zip Code92530
AreaSRCAR Southwest Riverside County
Listing VS Median (in 92530)
Price:
$4,000,000
low | high
Med:
$575,000
100% of Average
sqft:
14,500
low | high
Med:
1,938
100% of Average
$ / sqft:
$276
low | high
Med:
$325
32.323628290864% of Average
On site:
19
low | high
Med:
39
48.717948717949% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 5:33:51 PM PDT

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