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.
AGENT: Vince Kwon LISTING BROKERAGE: IRN RealtyStrategically 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.
Courtesy of IRN Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 16459 Joy ST
Lake Elsinore, CA
Property Details
Price:
$4,000,000
MLS #:
TR26076531
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
srcarsouthwestriversidecounty
Listed Date:
Apr 9, 2026
Total Sq Ft:
14,500
Lot Size:
26,136 sqft / 0.60 acres (approx)
Year Built:
1984
See this Listing
Schools
Interior
Heating
CF
Laundry Features
GAS, WH
Levels
U
Exterior
Common Walls
NCW
Community Features
SDW, CRB, CW
Garage Spaces
18
Parking Spots
20
Parking Total
20
Financial
Map
Community
- Address16459 Joy ST Lake Elsinore CA
- CityLake Elsinore
- CountyRiverside
- Zip Code92530