$4,000,000
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.
Listed by Vince Kwon with IRN Realty (626) 322-2900
Property Type
Mixed Use
Status
Active
MLS Number
TR26170921
Year Built
1984
Lot Size
0.60 acres
Click to interact with map
25189 Monroe Ave, Murrieta
Listed by Amerie McGee with Realty One Group Pacific
25189 Monroe Ave, Murrieta
Listed by Amerie McGee with Realty One Group Pacific
8082 18th, Westminster
Listed by David Duong with Beeyond Realty
1351 Armadale Ave, Los Angeles
Listed by Daniel Withers with Matthews Real Estate Investment Services
7565 Romeria St, Carlsbad
Listed by Angelo La Bruna with Apartment Realty Group (ARG)
4209 15 3rd Ave, San Diego
Listed by Nate Pepper with CBRE
7592 Artesia, Buena Park
Listed by Kay Meewan Lee with Circa Properties, Inc.
3101 Via San Delarro, Montebello
Listed by Kristopher German with RE/MAX 2000 REALTY
