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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 Market2

Property Features for 16459 Joy Street

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 30
Bathrooms 30
Full bathrooms 30
Rooms Bedroom 2, Bedroom 17, Bathroom 10, Bathroom 16, Bathroom 18, Bathroom 14, Bedroom 30, Bedroom 6, Bedroom 24, Laundry Room, Bathroom 3, Bathroom 13, Bedroom 9, Bathroom 17, Bathroom 12, Bedroom 11, Bedroom 18, Bathroom 11, Bathroom 23, Bathroom 25, Bedroom 8, Bedroom 16, Bedroom 22, Bedroom 10, Bedroom 15, Bathroom 24, Bathroom 5, Bedroom 25, Bedroom 28, Bedroom 3, Bathroom 28, Bedroom 26, Bedroom 21, Bathroom 20, Bathroom 1, Bathroom 19, Bedroom 5, Bedroom 20, Bathroom 8, Bathroom 7, Bedroom 19, Bedroom 27, Bathroom 21, Bedroom 12, Bathroom 4, Bathroom 2, Bathroom 29, Bedroom 4, Bedroom 14, Bedroom 23, Bathroom 26, Bedroom 1, Bathroom 30, Bedroom 7, Bedroom 13, Bathroom 22, Bedroom 29, Bathroom 15, Bathroom 27, Bathroom 9, Bathroom 6
Parking 20
Parking features Carport, Driveway, Garage
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: Oct 1 Last Checked: Oct 2 at 8:06AM
MLS# TR26214538

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 features three-bedroom, townhome-style residences with central air and heat, private patios, and in-unit laundry hookups. Parking includes private two-car garages and driveways, with a carport serving some units. The property occupies 0.6 acres and was built in 1984; public water and sewer are available. Two units are vacant.

Machado Elementary School is within walking distance, and Lakeside High School is nearby. Riverside Drive provides access to local retail, restaurants, and grocery stores, while Interstate 15 connects the area to regional employment centers.

Key Highlights

  • 10 three‑bedroom, townhome‑style apartment units
  • Two units currently vacant
  • 0.6‑acre property, built in 1984

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

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 private patios, laundry hookups, and 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 three‑bedroom, townhome‑style apartment units; Two units currently vacant; 0.6‑acre property, built in 1984
More about this property
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