John E Burge

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16459 Joy StreetLake Elsinore, CA 92530

Multi-Family · 14,500 Sq. ft. | 0.60 Acres
$4,000,000 Active

16459 Joy Street Overview

Time on Site:
27 days
Visits:
0

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.

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16459 Joy Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 14,500
  • Price/Sq.ft. $276
  • Lot 0.60 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 600.0
  • Gardener Expense: 960.0
  • Gross Scheduled Income: 284904.0
  • Insurance Expense: 8000.0
  • Net Operating Income: 224971.0
  • New Taxes Expense: 29542.0
  • Operating Expense: 59933.0
  • Trash Expense: 7080.0

Building Information

  • New Construction: No
  • Year Built: 1984

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: SRCAR - Southwest Riverside County
  • Postal City: LAKE ELSINORE

Community/Development

  • Community Features: Curbs,Gutter(s),Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Electricity,Gas,Water

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 379132006
  • Property Sub Type: Mixed Use
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 18.0
  • Garage: Yes

Building Interior

  • Building Area Total: 14500.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Laundry Features: Washer Hookup,Gas Dryer Hookup
  • Levels: Two
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: Carport,Driveway,Garage
  • Parking Total: 20.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.6
  • Lot Size Area: 26136.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 26136.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 10
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: No

General Information

  • Carport Spaces: 2.0
  • Carport: Yes
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

16459 Joy Street Neighborhood

Community

92530 (Lake Elsinore) Demographics

32
Median Age
950
Population Density (per sq. mile)
23%
College Educated
$64,270
Estimated Median Income
9,642
Estimated Total Home Owners
5,368
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

16459 Joy Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

16459 Joy Street Market Data

Based on the last 30 days in this zip code

$628,279
Average List Price
$335
Average Price per Square Foot
43
Properties Sold
77
Average Days on Market
491
Properties for Sale
Calculations provided by Reliance Network

16459 Joy Street History

Date Event Value Agent
6/2/2026Source: CRMLS Added to Database
June 02, 2026
Listing provided courtesy of IRN RealtyVince Kwon- MLS# TR26120102MLS ProviderContact Information: 626-322-2900
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