16465 Joy Street
16465 Joy Street
$7,200,000
3
59
29,400
29,400
$245
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...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.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086
Property Details for 16465 Joy Street
Parking Spaces Total
44
Private PoolNo
Total Units32.0
Building TypeDetached
Lot Size SourceAssessor
Living Area29400
Assessor Parcel Number379-132-009
Property Attached YNfalse
Location
LISTING UPDATED: 04/03/2024 09:05 AM
Property Details for 16465 Joy Street
Status | Active |
---|---|
MLS # | OC24058031 |
Days on Market | 40 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1979 |
County | Riverside County |
Location
Building Information for 16465 Joy Street
Building/Complex16465 Joy StFloor-Stories2Residences-Pet Policy-Year Built1979Building Size-
Payment Calculator
$44,690 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 16465 Joy Street
Property History for 16465 Joy Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 16465 Joy Street
Taxable ValueLand$2,040,000Additions$4,088,000Total$6,128,000
Tax Record2023$64,762 ($5,397 / month)
Home Facts
Total Finished SqFt29,783 SqFtAbove Grade Finished SqFt29,783 SqFtStories2Lot Size50,965 SqFtStyleMulti-Family Res (5+ Units)Year Built1979ZoningR3CountyRIVERSIDEAPN379-132-009
Schools near 16465 Joy Street
This home is within Lake Elsinore Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Machado Elementary School PublicK to 5 | ||
Terra Cotta Middle School Public6 to 8 | ||
Lakeside High School Public9 to 12 | ||
Ortega High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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