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About This Home
This 30-bedroom, 30-bathroom residential multi family at 16459 Joy Street in Lake Elsinore, CA is listed for $4,000,000 ($276 per sqft). Built in 1984, the home offers 14,500 sqft of living space on a 0.60 acres 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-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.
Key Features
- Built in 1984
- 0.60 acre lot
- 2 stories
- 20 parking spaces
Property Details
Monthly Cost Estimate
$21,393/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16459 Joy Street
Lake Elsinore, CA 92530
Features & Amenities
Exterior Features
Property Details
Parking
Heating
Questions & Answers
This 30-bedroom, 30-bathroom residential multi family at 16459 Joy Street is listed at $4,000,000 ($276/sqft). The estimated monthly payment is $17,333 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 0.60 acre lot, 2 stories, 20 parking spaces. Exterior Features: Community Features Included: Gutters, Curbs, Sidewalks.
This property is listed by Vince Kwon and can be reached at 6263745121 or vhkwon@irnrealty.com.