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16459 Joy Street

Lake Elsinore, CA 92530
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Bed 0

Bed

Bath 0

Bath

SqFt14,500

Sqft

SqFt26,136

Sqft(Lot)

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-occupa nts 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,000,000

AD Id : 79840966

MLS Id : TR26120102

Lot Size : 26,136 Sqft

Living Area Size : 14,500

Year Built : 1984

Garage : 18

County : Riverside

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Map

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Heating Source

    Central Has Heating

  • Building Information

    Year Built: 1984 Building Area Total: 14,500
  • Pool Features

    None

    Laundry Features

    Washer Hookup,Gas Dryer Hookup

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.6
  • Lot Size Source: Assessor Lot Size Square Feet: 26136

  • Listing Price Information

    Original List Price: 4,000,000 Listing Contract Date: 2026-06-02
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 379132006

  • Garage and Parking

    Garage Description: Carport,Driveway,Garage

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas,Water

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SRCAR - Southwest Riverside County Directions: Cross Streets of Joy Street & Riverside Drive Source Property Type: Residential Income Area: SRCAR - Southwest Riverside County Property SubType: Mixed Use
  • Building and Construction

    Property Age: 42 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
32857 Valley View Avenue, Lake Elsinore, CA, 92530 $343,000 2 2 800 800 SqFt
29546 Major League, Lake Elsinore, CA, 92530 $565,000 3 2 1,920 1,920 SqFt
29522 Mascot, Lake Elsinore, CA, 92530 $605,000 4 2 2,049 2,049 SqFt
29336 Grand Slam, Lake Elsinore, CA, 92530 $850,000 4 3 3,351 3,351 SqFt
29307 Saltbush, Lake Elsinore, CA, 92530 $859,999 6 5 3,605 3,605 SqFt
29428 Golden Glove, Lake Elsinore, CA, 92530 $579,000 3 2 1,739 1,739 SqFt
29467 Village Parkway, Lake Elsinore, CA, 92530 $675,000 4 3 1,856 1,856 SqFt
29301 Dogwood, Lake Elsinore, CA, 92530 $739,000 4 3 2,829 2,829 SqFt
29313 Allstar, Lake Elsinore, CA, 92530 $620,000 5 3 2,149 2,149 SqFt
29354 Sword Fern, Lake Elsinore, CA, 92530 $640,000 4 3 2,309 2,309 SqFt

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ByOwner last updated this listing 06/17/2026 @ 19:25

MLS: TR26120102 LISTED BY: Vince Kwon, IRN Realty 626-322-2900 SOURCE: CRMLS

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