16459 Joy Street, Lake Elsinore, CA 92530
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
16459 Joy Street,Lake Elsinore, CA 92530
$4,000,000
- - Beds
- - Baths
- 14,500 sq. ft.
- Multi-family
- Active
Listed by: vince kwon
Office: irn realty626-322-2900
MLS#:TR26237893
Source:CRMLS
Price summary
- Price:$4,000,000
- Price per sq. ft.:$275.86
About this home
Exceptional 10-Unit Multifamily Investment Opportunity in Lake Elsinore, CA
Discover an outstanding investment opportunity at **16459 Joy Street, Lake Elsinore, CA**. This 10-unit multifamily property offers an attractive combination of spacious townhome-style residences, desirable amenities, and significant value-add potential in Southern California's Inland Empire.
The property features generously sized three-bedroom residences designed for comfortable and functional living. Each unit offers desirable amenities, including **central heating and air conditioning, private patios, and individual washer and dryer hookups**. Parking accommodations vary by floor plan, with residences featuring **either a private two-car garage with an automatic garage door opener or a one-car garage accompanied by a dedicated carport space**. These features enhance the property's rental appeal and distinguish it from traditional multifamily housing options.
Conveniently situated near Lake Elsinore's scenic waterfront, the property provides access to outdoor recreation, shopping, dining, and everyday conveniences. Machado Elementary School is within walking distance, while Lakeside High School is also nearby. The Riverside Drive commercial corridor offers convenient access to local retailers, restaurants, and grocery stores. Additionally, proximity to Interstate 15 provides connectivity to surrounding Inland Empire communities and regional employment centers.
**From an investment perspective, the property currently maintains 90% occupancy, with nine occupied units and one vacancy**, providing established rental income alongside an immediate opportunity for additional revenue through lease-up. Investors may also explore strategic renovations, interior upgrades, and rental optimization to further enhance the property's income potential and long-term value, subject to applicable regulations and market conditions.
The property's desirable three-bedroom configurations, townhome-style layouts, private garages, and individual laundry accommodations provide a strong foundation for continued rental demand and long-term investment ownership.
**An exceptional opportunity to acquire a 10-unit multifamily asset with existing rental income, immediate lease-up potential, and opportunities for future appreciation in Lake Elsinore. Contact us today for additional property information, financial details, or to schedule a private showing!**...
Contact an agent
Home facts
- Year built:1984
- Listing ID #:TR26237893
- Added:1 day(s) ago
- Updated:November 06, 2026 at 12:28 PM
Rooms and interior
- Living area:14,500 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:1984
- Building area:14,500 sq. ft.
- Lot area:0.6 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,000,000
- Price per sq. ft.:$275.86
Parking
- Total parking spaces:20
- Parking description:2 Carport Space(s), Carport, Driveway, Garage
- Garage:Yes
- Garage spaces:18
- Carport spaces:2
New listings near 16459 Joy Street
- Coming Soon
$495,000Coming Soon3 beds 2 baths1,148 sq. ft.33761 Brand, Lake Elsinore, CA 92530
MLS# SW26236531Listed by: COLDWELL BANKER ASSOC.BRKR-MUR - Coming SoonOpen Sat, 12 to 4pm
$639,900Coming Soon5 beds 3 baths2,756 sq. ft.24511 Preston Court, Lake Elsinore, CA 92532
MLS# IG26174057Listed by: EXP REALTY OF CALIFORNIA INC. - Coming Soon
$675,000Coming Soon4 beds 3 baths2,750 sq. ft.41113 Portia, Lake Elsinore, CA 92532
MLS# ND26230855Listed by: CLIFFORD R STEVENS, BROKER - Coming Soon
$775,000Coming Soon5 beds 3 baths2,589 sq. ft.16 Villa Valtelena, Lake Elsinore, CA 92532
MLS# OC26234503Listed by: FIRST TEAM REAL ESTATE - Coming Soon
$400,000Coming Soon3 beds 2 baths2,364 sq. ft.17421 Crawford, Lake Elsinore, CA 92530
MLS# ND26229512Listed by: CLIFFORD R STEVENS, BROKER - New
$528,990Active3 beds 3 baths1,470 sq. ft.20518 Syracuse Road, Lake Elsinore, CA 92532
MLS# SW26238764Listed by: KB HOME SALES-SOUTHERN CA INC - New
$596,990Active4 beds 3 baths2,454 sq. ft.20526 Syracuse Road, Lake Elsinore, CA 92532
MLS# SW26238766Listed by: KB HOME SALES-SOUTHERN CA INC - New
$656,990Active5 beds 3 baths3,083 sq. ft.20529 Syracuse Road, Lake Elsinore, CA 92532
MLS# SW26238767Listed by: KB HOME SALES-SOUTHERN CA INC - New
$596,990Active4 beds 3 baths2,519 sq. ft.20525 Syracuse Road, Lake Elsinore, CA 92532
MLS# SW26238769Listed by: KB HOME SALES-SOUTHERN CA INC - New
$558,990Active3 beds 3 baths1,882 sq. ft.20519 Syracuse Road, Lake Elsinore, CA 92532
MLS# SW26238770Listed by: KB HOME SALES-SOUTHERN CA INC