16459 Joy Street, Lake Elsinore, California image 1
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16459 Joy Street

Lake Elsinore, CA 92530
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$4,000,000 $16,864/Mo
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Bed 30

Bed

Bath 30

Bath

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-oc cupants 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 : ResidentialIncome

Price : $4,000,000

AD Id : 91615694

MLS Id : TR26214538

Beds : 30

Lot Size : 26,136 Sq. Ft

Year Built : 1984

Garage : 18

County : Riverside

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Central

  • Building Information

    Year Built: 1984
    Building Area Total: 14500
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 26136 Lot Size Acres: 0.6 Lot Size Source: Assessor Lot Size Square Feet: 26,136 Lot Description: ZeroToOneUnitAcre

  • Listing Price Information

    Listing Price: $4000000
    Cash, Conventional

  • Tax Information

    Parcel Number: 379132006 Tax Lot: 1

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 20 Carport, Driveway, Garage

    Garage Information

    Has Garage: Yes Garage Space: 18

  • Location Information

    Direction: Cross Streets of Joy Street & Riverside Drive WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
415 N Main Street, Lake Elsinore, CA, 92530 $1,399,999 8 4 3,829 9,148 Sq. Ft
305 Line Street, Lake Elsinore, CA, 92530 $719,000 7 4 -- 17,860 Sq. Ft
401 W Graham, Lake Elsinore, CA, 92530 $515,000 3 2 1,268 8,276 Sq. Ft
905 W Sumner, Lake Elsinore, CA, 92530 $999,900 6 6 -- 7,841 Sq. Ft
17797 Grand A & B, Lake Elsinore, CA, 92530 $462,530 2 2 800 3,920 Sq. Ft
17797 Grand A & B, Lake Elsinore, CA, 92530 $462,530 2 2 -- 3,920 Sq. Ft
835 Quail, Lake Elsinore, CA, 92530 $459,000 3 2 1,251 3,049 Sq. Ft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/07/2026 @ 15:45

MLS: TR26214538 LISTED BY: Vince Kwon, IRN Realty 626-322-2900 SOURCE: CRMLS

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