About This Home

This 30-bedroom, 30-bathroom commercial at 16459 Joy Street in Lake Elsinore, CA is listed for $4,000,000. Built in 1984, on a 0.60 acres lot.

Key Features

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

Property Details

2 stories
30 full
18-car garage
1984
Listing 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.

Monthly Cost Estimate

$21,393/mo

20% down · 6.5% · 30 years

Principal$2,893
Interest$17,333
Insurance$1,167

Estimates only. Actual payments may vary.

Location

16459 Joy Street

Lake Elsinore, CA 92530

Property Details

Parking

GarageCarportDriveway

Heating

Central

Questions & Answers

This 30-bedroom, 30-bathroom commercial at 16459 Joy Street is listed at $4,000,000. The estimated monthly payment is $21,393 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1984, 0.60 acre lot, 2 stories, 20 parking spaces.

This property is listed by Vince Kwon.

VK

Vince Kwon

License 01778421

Agent at IRN Realty

Listed by IRN Realty · Broker phone: (626) 447-5100 · Broker website

MLS# TR26214538· Source: California Regional Multiple Listing Service, Inc· 30 days on PropertySimple

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.

16459 Joy Street, Lake Elsinore, CA 92530

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