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14,500 sqft

$4,000,000

16459 Joy Street, Lake Elsinore CA, 92530

Price per sqft$275.86
Built in1984
Property size14,500 sqft
Property typeMulti-family
Listed by Vince Kwon CA DRE# 01778421 with IRN Realty 626-374-5121

Overview

Active

Listed Aug 5, 2026

Updated 13 days ago

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.

$26,612/mo

Est. mortgage payment based on a $4,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
TR26170921

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.6 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Vince Kwon CA DRE# 01778421 with IRN Realty 626-374-5121

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/2/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/2/2026 at 5:09 AM UTC Last Checked: 5:09 AM UTC

 

 

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