Financial
Distress signals
Property profile

16459 Joy St Lake Elsinore, CA 92530

FOR SALE
Other apartment buildings
Property ID
US10-2524541
1,090 SF 0.6 ac lot Built 1983
Last sale Jul 2024 · $2,750,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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16459 Joy St, Lake Elsinore, CA 92530 For Sale
$4,000,000 1,090 SF
16459 Joy St, Lake Elsinore, CA 92530
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Property summary

AI-generated overview

16459 Joy Street is a Lake Elsinore, California multifamily property consisting of 10 townhome-style units, each configured as a three-bedroom layout. The units include central air and heat, private patios, and in-unit laundry hookups. Parking is provided via private two-car garages and driveways, with some units additionally featuring a carport. The property is located near the Lake Elsinore waterfront and within walking distance of Machado Elementary School, with Lakeside High School in close

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$21k
Tax billed · 2024
Assessed value$1.95M
Assessed land$1.04M
Assessed improvement$910k
Effective rate1.05%

Value estimate

· Sep 2026
$2.75M
$2.48M – $3.03M
AI approach$2.75M
Sales comparison$2.57M
NOI build-up
Gross scheduled income$435k
Vacancy & credit loss−$8k
Operating expenses−$192k
NOI · 5.87% cap applied$235k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$1,374/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$295 – $2,356
Qualifying comparables3

Cap rate analysis

How does the asset earn?
5.87%
$235k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CP
The purpose of CP zone is to reserve appropriate locations consistent with the General Plan to accommodate the needs of tourists and recr...
General categoryCOMMERCIAL
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.0
Law Firm9.5
Gym & Fitness9.5

Location

16459 Joy St Lake Elsinore, CA 92530
County assessor Recorded deeds · 11 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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