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10-Unit Townhome-Style Apartment Building
For Sale
$4,000,000

16459 Joy Street, Lake Elsinore, CA 92530

Lake Elsinore, CA

Property SizeContact for details
Lot Size0.60 Acres
Days on Market47

Property Features for 16459 Joy Street

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 30
Bathrooms 30
Full bathrooms 30
Rooms Bathroom 26, Bathroom 18, Bathroom 11, Bedroom 6, Bathroom 16, Bathroom 20, Bathroom 4, Bathroom 28, Bedroom 25, Bathroom 8, Bedroom 10, Bedroom 7, Bathroom 6, Bedroom 8, Bedroom 11, Bedroom 28, Bathroom 15, Bedroom 4, Bedroom 23, Bedroom 12, Bathroom 9, Bedroom 2, Bedroom 26, Bathroom 17, Bedroom 29, Bedroom 17, Bedroom 15, Bedroom 1, Bathroom 27, Bathroom 25, Bathroom 3, Bathroom 2, Bedroom 22, Bathroom 19, Bathroom 12, Bathroom 24, Bedroom 14, Bathroom 30, Bathroom 21, Bedroom 19, Bathroom 1, Laundry Room, Bedroom 30, Bedroom 16, Bedroom 9, Bedroom 24, Bedroom 3, Bathroom 10, Bedroom 5, Bedroom 20, Bathroom 22, Bedroom 27, Bedroom 18, Bedroom 13, Bathroom 14, Bathroom 23, Bathroom 29, Bathroom 5, Bathroom 7, Bathroom 13, Bedroom 21
Parking 20
Parking features Driveway, Garage, Carport
Lot features 0-1 Unit/ Acre
Directions Cross Streets of Joy Street & Riverside Drive
Subdivision SRCAR - Southwest Riverside County
Standard status Active
APN 379132006
Lot size 0.60 Acres

Utilities

Sewer type Public Sewer
Heating system Central
Water source Public

Amenities

central air and heat
private patios
in-unit laundry hookups
private two-car garages
driveways
carport

Building Details

Year built 1984
Floors in Building 2
Number of units 10
Listing Agency: IRN Realty
Listed By: Vince Kwon · License #01778421
Added: Aug 5 Changed: Sep 15 Last Checked: Sep 20 at 6:06PM
MLS# TR26170921

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 16459 Joy Street in Lake Elsinore, this 10-unit apartment property is arranged in spacious three-bedroom, townhome-style residences. Unit features include central air and heat, private patios, and in-unit laundry hookups. Parking is supported by private two-car garages, driveways, and a carport serving some units.

The 0.6-acre property is near Lake Elsinore’s waterfront and within walking distance of Machado Elementary School. Lakeside High School, local retailers, restaurants, and grocers are also nearby, while Interstate 15 connects the area with regional employment centers. The property was built in 1984 and is served by public water and public sewer.

Key Highlights

  • 10‑unit property with three‑bedroom, townhome‑style residences
  • Central air and heat, private patios, and in‑unit laundry hookups
  • Private two‑car garages and driveways; some units also have a carport

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

543
Businesses Nearby

Demographics for 92530, CA

59,098
Population
18,502
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
80%
High-School Grad
77.1 sq mi
ZIP Area
767
Density / Sq Mi
$84,799
Median Household Income
$41,138
Median Earnings
$1,705
Median Rent
$467,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-bedroom residences include central air and heat, private patios, and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 16459 Joy Street Lake Elsinore, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 10‑unit property with three‑bedroom, townhome‑style residences; Central air and heat, private patios, and in‑unit laundry hookups; Private two‑car garages and driveways; some units also have a carport
More about this property
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