16459 Joy St, Lake Elsinore, CA 92530
UNDER CONTRACT0.6 ACRES
Listed by Tyler Leeson, Marcus & Millichap RE Invest, (949) 419-3200

16459 Joy St
Lake Elsinore, CA 92530

  • 30 Beds
  • 30 Baths
  • 14,500 sqft (on 0.60 acres)
  • 30 Beds
  • 30 Baths
  • 14,500 sqft (on 0.60 acres)

$2,750,000

Est. Mortgage $17,356/mo*

Local Information

map showing home location
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Commute Destination

Description

16459 Joy Street is a 10-unit multifamily investment property located in Lake Elsinore, California. Built in 1983, 16459 Joy Street offers exclusively spacious three-bedroom townhome-style floorplans and in-unit amenities including central air and heat, large private patios, and in-unit laundry hookups. Furthermore, the property offers ample garage, surface, and tuck-under parking, with direct unit access from the garages. 16459 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 32-unit property located at 16465 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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$190
Listed
33 days ago

Home Details for 16459 Joy St

Interior Features

Beds & Baths
Number of Bedrooms: 30Number of Bathrooms: 30
Appliances & Utilities
Laundry: Community
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: First level

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 18Number of Carport Spaces: 2Number of Covered Spaces: 20Has a CarportHas a GarageParking Spaces: 20Parking: Garage, Carport
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 33

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 379132006

Price & Status

Price
List Price: $2,750,000Price Per Sqft: $190

Active Status

MLS Status: Active Under Contract

Location

Direction & Address
City: Lake Elsinore

Agent Information

Listing Agent
Listing ID: OC24058047

Building

Building Area
Building Area: 14500 Square Feet

Community

Community Features: Curbs, Gutters, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.60 acres

Listing Info

Special Conditions: Standard

Compensation

Buyer Agency Commission: 2Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Rental

No Rent Control

Miscellaneous

Mls Number: OC24058047Zillow Contingency Status: Under ContractAttribution Contact: 714-713-9086

Additional Information

CurbsGuttersSidewalks
Last check for updates: about 11 hours ago
Listing Provided by: Tyler Leeson DRE #01451551, (714) 713-9086
Marcus & Millichap RE Invest
Originating MLS: California Regional MLS
Source: CRMLS, MLS#OC24058047

Price History for 16459 Joy St

DatePriceEventSource
04/22/2024$2,750,000ContingentCRMLS #OC24058047
03/26/2024$2,750,000Listed For SaleCRMLS #OC24058047
06/22/2021ListingRemovedCRMLS #CV20008810
01/27/2021$2,150,000ListingRemovedCRMLS #CV20008810

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Comparable Sales for 16459 Joy St

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Sold Price
Sold Date
Bed
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Sqft
1.77
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$480,000
03/15/24
4
3
1,400
2.69
Multi-Family Home
$1,300,000
04/11/24
110
100
4,167
2.94
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$1,255,000
01/08/24
9
8
3,207
2.60
Multi-Family Home
$599,000
10/31/23
3
3
2,107
2.25
Multi-Family Home
$682,750
09/25/23
4
4
-
2.62
Multi-Family Home
$899,000
06/29/23
6
3
2,178

What Locals Say about Lake Elsinore

  • Evelyn S.
    "There’s sidewalks to walk your dog with stations that have baggies for the droppings. Nice dog park nearby that’s nice and clean."
    7
    Flag
  • Jen C.
    "I’ve lived here for 20 years, it goes through good stages and bad stages but mostly good. Neighbors are friendly!"
    4
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  • Trulia User
    "neighborhood has nice parks. the schools are real close. park has dog park for small and big dogs. there is an aquatic park too. "
    0
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  • Karinaiannotti1454
    "Every Halloween the association doña party with food prices and games. El free. Also I like the people "
    0
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  • Ellyazul
    "My neighborhood is safe, most people around here are very friendly, you will not see dogs unleashed, I’ve been living here for over two years and I never seen any problems or anything bad. I really like to live here. "
    1
    Flag
  • Traviscook80
    "our neighbors all meet up and have good food and drink on a regular basis. nice quiet neighborhood where everyone knows you"
    3
    Flag
  • Sean S. H.
    "What events? I’ve never seen one I live in an rv park. A park that’s overlooked as far as rules and regulations go. "
    0
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  • Traviscook80
    "its a very very short commute. 10 minute from work and the other side of town. 5 minutes from main street."
    0
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  • Monica G.
    "Dogs on this neighborhood are constantly off their leash leash. We have not had a problem with owners picking up after their dog, but I would prefer to see all of them on leashes."
    0
    Flag
  • Kelly L.
    "some parts you just don't feel safe walking a dog and some don't put their dog on leashes. I lived in lakeland village and not safe a lot of homeless people "
    0
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  • Mvalemus
    "It is great and safe neighborhood! Easy access to freeway 15. Per friendly. Many hiking roads, the view it’s espectacular from HWY 74 "
    0
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  • Natebraz
    "I drive 48 miles 1 way, with traffic both ways and it is miserable. Takes an hour to get to work and an hour and a half to get home. "
    0
    Flag
  • Danielle S.
    "I've lived here four 4 years. Theres lots of birds singing, people out walking, and parks near by. "
    0
    Flag
  • Cody_a_whitehead
    "The lake is really dirty and it has a lot of algae blooms but the mountains are really really nice. All shopping needs are close also "
    9
    Flag
  • Hendersonsara85
    "Everyone around me has property and very friendly. We have views or the whole valley and the neighborhood is safe and not sketchy people up here in the mountains "
    0
    Flag
  • Andrea M. H.
    "The neighborhood has very good communication and Works together to keep our neighborhood safe. We have a neighborhood watch."
    0
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  • Lauren K.
    "We love Lake Elsinore, This is a great community that is up and coming. our favorite places to live the last 7 year."
    0
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  • Xvictoriangothicx
    "meth party's crack heads and the homeless. not really anything special besides that I live in warm springs I guess they call it the hood or whatever it is not that bad just what I specified above before it is a very quiet neighborhood though not very lit doesn't have nothing special like potlucks or anything unless you want crackpots"
    0
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  • Kimberly
    "Good schools friendly niehbors. A lot of Conservative family’s in this particular area who help care for elderly parents and young ones. Multi generational housing. "
    0
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  • Lindsey A. J. M.
    "just be aware of the area. not all parts of lake elsinore are safe. the worst parts seem to be down grand ave. in the Lakeland village area. some bits closer to wildomar are also pretty bad. main st. isn't great but has great places to live if you have a smaller family or don't mind living in an older home. "
    0
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  • David S.
    "I've lived here for 2 1/2 years and I plan on staying another 3 years at least. The Neighborhood is nice and friendly and we go walking to CVS and Stater Brothers. We also have a Minor Baseball Stadium that is walking distance. There are a lot of different events going on there. "
    0
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  • Susanbolivarez
    "The neighborhood feels safe and the schools are great. There are lots of stores and downtown shopping is great. "
    8
    Flag
  • Annette P.
    "Like any city, there are good neighborhoods and not so good neighborhoods. I happen to live in a good neighborhood and find it very pleasant."
    0
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  • Just Me
    "They need a state of the art Library for the many families with children in the area now not a small one but State of the Art Library "
    0
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  • Pamela J.
    "Lived here for 15 years, there are good things and not so good things but the good out weigh the others."
    9
    Flag
  • Brandon L.
    "We’re having a Halloween get together with the community here in the hills that’s where little children run around and knock on the doors and get candy. "
    0
    Flag
  • Cclikepike
    "Family oriented and is slowly becoming multicultural area Tree lighting Movie night in the park Community’s garage sales and others "
    0
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  • Rochaalexsis96
    "This community is well taken care of. My commute to Main Street is only 5 minutes. Morning weekend commutes to work are about 1 hour and a half to get to SD. Not so bad if you leave around 5 am. Commutes in the afternoon are a slow not bad. About the same time . Leaving work before 2 pm will definitely give you an advantage to skipping traffic."
    7
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  • Mariah I.
    "The neighborhood is family friendly. However must keep watch on children, as there are some trouble areas."
    5
    Flag
  • Kiki8dust
    "I don't work so I don't drive. When I used to commute from OC and back the commute wasn't that bad over the Ortega, if there was an accident it was a little annoying but that's not very often. "
    3
    Flag
  • Sharon
    "Commuting via the 74 Ortega highway and or the 15 are convenient options leading into Orange County. Leaving Lake Elsinore by 6:15am ensures a smooth quick commute into Orange County. Rush hour traffic is sometimes encountered around 3pm when returning to Lake Elsinore. Average time to drive home is anywhere from 45 minutes to 1 and 1/4 hour. "
    3
    Flag
  • Yanneth P.
    "I love this neighborhood, is very safe , people are friendly, polite, caring and respectful, perfect to raise a family"
    0
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  • Jen08500
    "We have movies in the park, community events, and block parties. The neighborhood is very safe and we know our neighbors very well."
    0
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  • Cynthia O.
    "It’s a okay neighborhood, we had people looking through our trash & trying to get into our cars so now we are putting cameras around our home "
    0
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  • radrfan2
    "Terrible..the time I go isn’t the problem..it’s just the long drive.. I commute 100 miles a day..it would be nice if the metro link went north and south."
    0
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  • Liz C. .
    "You just take down hill and the stores and shops or Starbucks is only 10minutes away and that because there is a traffic light. "
    0
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  • Stephanie
    "we have movie night outdoors just like the drive-in only no cars just golf carts and go golf cart 4 wheelin off road"
    0
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  • Michelle O.
    "We have a dog park that is nice to take our dog to. It is also a nice neighborhood to walk our dog as well. "
    0
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  • Jeffrey L. G.
    "We have a few dog parks and it’s very dog friendly. People really help if your pet goes missing as well."
    0
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  • prez_in_28
    "They would like that there is a large park within walking distance to our housing community. I see folks walking their dogs at the park all the time."
    0
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LGBTQ Local Legal Protections

Tyler Leeson, Marcus & Millichap RE Invest
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
16459 Joy St, Lake Elsinore, CA 92530 is a 30 bedroom, 30 bathroom, 14,500 sqft multi-family built in 1983. This property is currently available for sale and was listed by CRMLS on Mar 26, 2024. The MLS # for this home is MLS# OC24058047.