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10-Unit Townhome-Style Apartment Building
New
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 Market3

Property Features for 16459 Joy Street

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 30
Bathrooms 30
Full bathrooms 30
Rooms Bedroom 1, Bathroom 20, Bathroom 10, Bathroom 24, Bedroom 7, Bathroom 8, Bathroom 27, Bedroom 22, Bathroom 15, Bedroom 18, Bathroom 12, Bathroom 17, Bedroom 5, Bedroom 28, Bathroom 19, Bedroom 9, Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 7, Bathroom 25, Bathroom 3, Bathroom 30, Bathroom 23, Bathroom 21, Bedroom 14, Bedroom 8, Bedroom 20, Bathroom 13, Bathroom 14, Bedroom 3, Bedroom 15, Bathroom 1, Bathroom 26, Bathroom 28, Bathroom 22, Bathroom 16, Bedroom 19, Bedroom 12, Bathroom 2, Bedroom 26, Bedroom 27, Bathroom 29, Bedroom 29, Bathroom 18, Bedroom 24, Bathroom 6, Bedroom 10, Bedroom 30, Bedroom 13, Bedroom 17, Bathroom 9, Bedroom 21, Bedroom 6, Bedroom 25, Bedroom 23, Bedroom 11, Bedroom 16, Bathroom 11, Laundry Room
Parking 20
Parking features Garage, Driveway, 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: Nov 4 Changed: Nov 5 Last Checked: Nov 6 at 12:06PM
MLS# TR26237893

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1984 on a 0.6-acre parcel, this 10-unit apartment property in Lake Elsinore is configured as three-bedroom, townhome-style residences. Central heating and air conditioning, private patios, and in-unit laundry hookups serve the units. Parking includes private two-car garages and driveways, with a carport at some units. Public water and sewer serve the property; two units are vacant.

The property is within walking distance of Machado Elementary School and near Lakeside High School. Riverside Drive provides access to local retailers, restaurants, and grocery stores, while Interstate 15 connects the area with regional employment centers.

Key Highlights

  • 10 apartment units, each configured with three bedrooms
  • 0.6‑acre property built in 1984
  • Central heating and air conditioning; private patios and laundry hookups

Property Analytics

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Lease Details

10
Residential units
Yes
Highway 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
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Market

Average Price Trend$/SF for Apartment buildings in Riverside County, CA

$321 Jul
$288 Aug
$297 Sep
$303 Oct

Properties on Market for Apartment buildings in Riverside County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three-bedroom homes offer private patios, laundry hookups, and individual parking options.
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 apartment units, each configured with three bedrooms; 0.6‑acre property built in 1984; Central heating and air conditioning; private patios and laundry hookups
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