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$3,750,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 16459 Joy St

General

  • Price: $3,750,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: TR26019025
  • Updated: 1/27/2026
  • Days on Market: 27 days
  • Added to Site: 27 day(s) ago

Rooms

Other Rooms

  • Laundry: Gas Dryer Hookup, Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 18
  • Parking Features: Carport, Driveway, Garage
  • Parking: Carport, Driveway, Garage

Location

  • Area: SRCAR - Southwest Riverside County
  • County: Riverside
  • Development Name: SRCAR - Southwest Riverside County
  • Driving Directions: Cross Streets of Joy Street & Riverside Drive

Heating & Cooling

  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 10
  • # Gas Meters: 10
  • # Electric Meters: 10

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 14,500
  • Year Built: 1984

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 3
  • Bedrooms: 3

Unit 10

  • Total Bathrooms: 3
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.6
  • Lot Size (Sq. Ft.): 26,136
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $258.62
  • Price Per Unit: 375000

Listed by IRN Realty, Vince Kwon

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Listing agent

— 16459 Joy St —

  • Vince Kwon

    IRN Realty

626-374-5121

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 16459 Joy St

School District:Lake Elsinore Unified School District
NameGradesDistance
Machado Elementary School
15150 Joy Street, Lake Elsinore, CA 92530
K-50.3 mi
Terra Cotta Middle School
29291 Lake Street, Lake Elsinore, CA 92530
6-81.4 mi
Lakeside High School
32593 Riverside Drive, Lake Elsinore, CA 92530
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 16459 Joy St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Listed
$3,750,000
36.36%
MLS
6/27/2024
Sold
$2,750,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 16459 Joy St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$29,542
44%
$2,750,000
41%
2024
$20,555
1%
$1,950,750
2%
2023
$20,295
2%
$1,912,500
2%
2022
$19,904
39%
$1,875,000
41%
2021
$14,282
1%
$1,332,384
1%
2020
$14,140
2%
$1,318,723
2%
2019
$13,872
2%
$1,292,866
2%
2018
$13,610
2%
$1,267,517
2%
2017
$13,352
4%
$1,242,665
2%
2016
$12,869
33%
$1,218,300
35%
2015
$9,705
3%
$903,805
2%
2014
$9,387
—
$886,103
—
2013
$9,358
—
$882,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by IRN Realty, Vince Kwon

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16459 Joy Street, Lake Elsinore, CA 92530 (MLS# TR26019025) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 16459 Joy Street is currently listed for $3,750,000 and was received on January 26, 2026. Want to learn more about 16459 Joy Street? Do you have questions about finding other Multi-Family real estate for sale in Lake Elsinore? You can browse all Lake Elsinore real estate or contact a Coldwell Banker agent to request more information.

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