$4,000,000
About this home
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.
Facts & features
- Heating
- Central
- Laundry
- Washer Hookup, Gas Dryer Hookup
- Levels
- Two
- Lot size
- 0.6 acres (26,136 sq ft)
- Pool
- None
- Year built
- 1984
- Parking
- Carport, Driveway, Garage
- Parking spaces
- 20
- Area
- SRCAR - Southwest Riverside County
- County
- Riverside
- Community features
- Curbs, Gutters, Sidewalks
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 0
- Listed
- 2026-06-02
- Terms
- Cash, Conventional
- Parcel #
- 379132006
- MLS #
- TR26120102
