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16459 Joy Street, Lake Elsinore, CA 92530
Priced at Only: $3,750,000
For more Information Call
Address: 16459 Joy Street, Lake Elsinore, CA 92530
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  • MLS#: TR26019025 ( Commercial/Residential )
  • Street Address: 16459 Joy Street
  • Viewed: 6
  • Price: $3,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: RIVERSIDE
  • City: Lake Elsinore
  • Zipcode: 92530
  • Provided by: IRN Realty
  • Contact: Vince Vince
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    16459 Joy Street presents a compelling multifamily investment opportunity in Lake Elsinore, CA. This 10 unit property features spacious three bedroom townhome style units with premium amenities, including central air and heat, private patios, and in unit laundry hookups. Residents appreciate the convenience of private two car garages, driveways, and some units even featuring a carport. Strategically situated near Lake Elsinore's scenic waterfront, the property is within walking distance to Machado Elementary School and proximate to Lakeside High School. Riverside Drive offers easy access to local retailers, restaurants, and grocers, while Interstate 15 provides seamless connectivity to regional employment hubs. With two units currently vacant, this property is ideal for owner occupants seeking a prime location with growth potential. A comprehensive renovation plan can unlock significant rental premiums, capitalizing on strong demand for quality multifamily housing in this desirable SoCal market.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 14500.00
Carport Spaces
  1. 2.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 600.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 18.00
Gardner Expense
  1. 960.00
Heating
  1. Central
Insurance Expense
  1. 8000.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 209268.00
Newtaxesexpense
  1. 39000.00
Number Of Separate Electric Meters
  1. 10
Number Of Separate Gas Meters
  1. 10
Number Of Separate Water Meters
  1. 10
Number With Dishwasher
  1. 10
Number With Disposal
  1. 10
Number With Range
  1. 10
Parcel Number
  1. 379132006
Parking Features
  1. Carport
  2. Driveway
  3. Garage
Pest Control Expense
  1. 1751.00
Pool Expense
  1. 0.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 12000.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455429008:CRM
Suppliesexpense
  1. 0.00
Tenant Pays
  1. Electricity
  2. Gas
  3. Water
Totalactualrent
  1. 17921.60
Totalexpenses
  1. 69391.00
Trash Expense
  1. 7080.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Workmanscompensationexpense
  1. 0.00
Year Built
  1. 1984
Year Built Source
  1. Public Records
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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