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Listed by Vince Kwon, DRE #01778421 • IRN Realty
$ 4,000,000
Est. payment | /mo
0.6 Acres Lot
$ 4,000,000
Est. payment | /mo
0.6 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26170921
Year Built 1984
Lot Size 0.600 Acres
Source California Regional MLS
Property 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.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating Central Forced Air
Laundry Gas Hookup, 30
Exterior
Parking Features Carport , Garage, Other
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 379132006
Special Listing Condition Not Applicable
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