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Listed by Tyler Leeson of Marcus & Millichap RE Invest (714-713-9086)
16459 Joy Street is a 10-unit multifamily investment property located in Lake Elsinore, California. Built in 1983, 16459 Joy Street offers exclusively spacious three-bedroom townhome-style floorplans and in-unit amenities including central air and heat, large private patios, and in-unit laundry hookups. Furthermore, the property offers ample garage, surface, and tuck-under parking, with direct unit access from the garages. 16459 Joy Street benefits from its optimal Lake Elsinore location, situated just half-a-mile from the lake. The property is situated within walking distance of Machado Elementary School, and just under one mile from Lakeside High School. Additionally, the property is located near Riverside Drive (74), a major thoroughfare for the area, providing residents with convenient access to retailers, restaurants, and grocers. Furthermore, 16459 Joy Street provides residents with convenient access to Interstate 15, connecting residents to employment hubs in the surrounding cities of Corona, Riverside, Murrieta, and Temecula. Available in conjunction with the adjacent 32-unit property located at 16465 Joy Street, this portfolio represents a unique opportunity to acquire a sizable footprint in the direct vicinity of Lake Elsinore. A new owner could capitalize on this attractive location through the completion of a comprehensive interior and exterior renovation plan, thereby achieving significant rental premiums.

Property Details of 16459 Joy Street

Property Details

Exterior Features

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Based on information submitted to CRMLS as of April 20, 2024 9:51 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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