# 16459 Joy Street, Lake Elsinore, CA 92530

> **TL;DR:** 30bd/30ba residential multi family, $4,000,000 ($276/sqft), built 1984, 14,500 sqft. Est. $17,333/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,000,000 |
| Price/sqft | $276 |
| Bedrooms | 30 |
| Bathrooms | 20 full, 10 half |
| Square Feet | 14,500 |
| Year Built | 1984 |
| Lot Size | 26,136 sqft (0.60 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $17,333 |
| **Total** | **$17,333** |

## Property Highlights

- Built in 1984
- 0.60 acre lot
- 2 stories
- 20 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 16459 Joy Street, Lake Elsinore, CA 92530
- **County:** Riverside

## Listing Agent

- **Name:** Vince Kwon
- **Brokerage:** IRN Realty
- **Phone:** 6263745121
- **Email:** vhkwon@irnrealty.com

## Primary Photo

![16459 Joy Street - Primary Photo](http://lh.rdcpix.com/6ebe5228ca36f9ffab4a8cf82eca68f8l-f2879985684r.jpg)

*70 total photos available on [listing page](https://www.propertysimple.com/listing/16459-joy-street-lake-elsinore-ca-92530-26120102)*

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**MLS#:** TR26120102 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/16459-joy-street-lake-elsinore-ca-92530-26120102)

---

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