16465 Joy Street

Lake Elsinore, CA 92530

$7,200,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $244 / sqft

1979

calendar_month Built

Property Description

16465 Joy Street is a 32-unit multifamily investment property located in Lake Elsinore, California. Built in 1979, 16465 Joy Street features a desirable mix of one and two-bedroom floorplans on a spacious 1.17-acre parcel. The property offers amenities including private patios and balconies, a recently upgraded swimming pool, and an on-site laundry facility. Furthermore, the property offers ample covered and surface parking, with a parking ratio of 1.375 spaces to units. 16465 Joy Street benefits from its optimal Lake Elsinore location, situated just half-a-mile from the lake. The property is situated within walking distance of Machado Elementary School, and just under one mile from Lakeside High School. Additionally, the property is located near Riverside Drive (74), a major thoroughfare for the area, providing residents with convenient access to retailers, restaurants, and grocers. Furthermore, 16459 Joy Street provides residents with convenient access to Interstate 15, connecting residents to employment hubs in the surrounding cities of Corona, Riverside, Murrieta, and Temecula. Available in conjunction with the adjacent 10-unit property located at 16459 Joy Street, this portfolio represents a unique opportunity to acquire a sizable footprint in the direct vicinity of Lake Elsinore. A new owner could capitalize on this attractive location through the completion of a comprehensive interior and exterior renovation plan, thereby achieving significant rental premiums.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 16465 Joy Street
City Lake Elsinore
State CA
Zip 92530
County Riverside
Listing Agent Tyler Leeson DRE#01451551
Courtesy Of Marcus & Millichap RE Invest
MLS OC24058031
List Price $7,200,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 50,965
Year Built 1979
DOM 13

Exterior Information

Maps

Listing information courtesy of: Tyler Leeson, Marcus & Millichap RE Invest . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 3rd, 2024 at 4:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.