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10-Unit Apartment Building
New
For Sale
$4,000,000

16459 Joy Street, Lake Elsinore, CA 92530

COMMERCIAL - Lake Elsinore, CA

Property SizeContact for details
Lot Size0.60 Acres
Days on Market1

Property Features for 16459 Joy Street

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 30
Bathrooms 30
Full bathrooms 30
Rooms Bathroom 25, Bedroom 5, Bathroom 2, Bedroom 23, Bathroom 12, Bedroom 8, Bathroom 19, Bedroom 9, Bedroom 27, Bathroom 6, Bathroom 3, Bedroom 10, Bedroom 18, Bedroom 3, Bedroom 16, Bathroom 21, Bedroom 25, Bedroom 17, Bathroom 22, Bathroom 23, Bathroom 27, Bedroom 22, Bathroom 7, Bedroom 11, Bathroom 10, Bedroom 7, Bathroom 29, Bathroom 18, Bedroom 12, Bedroom 13, Bathroom 17, Bedroom 4, Bedroom 6, Bathroom 13, Bedroom 15, Bathroom 28, Laundry Room, Bathroom 15, Bathroom 8, Bathroom 14, Bedroom 24, Bedroom 21, Bedroom 26, Bedroom 2, Bedroom 28, Bedroom 14, Bathroom 5, Bathroom 11, Bathroom 24, Bedroom 19, Bathroom 1, Bedroom 20, Bathroom 20, Bedroom 30, Bathroom 16, Bathroom 30, Bathroom 9, Bathroom 26, Bedroom 1, Bathroom 4, Bedroom 29
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

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 Last Checked: Aug 5 at 11:06PM
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.

This 10-unit apartment property in Lake Elsinore contains spacious three-bedroom, townhome-style residences. Unit features include central air and heat, private patios, and in-unit laundry hookups. Parking is provided through private two-car garages, driveways, and a carport serving some units. The property was built in 1984 and occupies 0.6 acres, with public water and public sewer service.

Located at 16459 Joy Street, the property is near Lake Elsinore’s waterfront and within walking distance of Machado Elementary School. Lakeside High School, retailers, restaurants, and grocery stores are also nearby, while Interstate 15 connects the area with regional employment centers. Two units are currently vacant.

Key Highlights

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

Property Analytics

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.

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - Townhome-style residences include private patios, laundry hookups, and individual garage parking.
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 apartment property with three‑bedroom townhome‑style residences; Central air and heat, private patios, and in‑unit laundry hookups; Private two‑car garages, driveways, and a carport serving some units
More about this property
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