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.
Property Details
Property Features
Property Information:
Year Built: 1979
Stories: 2
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Phone: (714) 713-9086
Listing Agent: Tyler Leeson
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Lot Features
Lot Information:
Lot Size: 1.17 Acres
Utilities
Utilities Information:
Heating: Central
School Info
Assigned Schools Information:
Lakeside High School, Public District Grades 9-12
Terra Cotta Middle School, Public District Grades 6-8
Machado Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: Cross Streets of Joy Street & Riverside Drive
Price Information
Listing Price Info
Price Summary:
List Price: $7,200,000
Tax Information:
Annual Amount: $27,834
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Lake Elsinore, CA.
This property is $6.6M more than the Median Sold Price in Lake Elsinore, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24058031
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Phone: (714) 713-9086
Listing Agent: Tyler Leeson
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/1/2024, 8:25:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 11, 2003
Jun 11, 2003Home Sold
$2,050,000
Sep 30, 1996
Sep 30, 1996Home Sold
$575,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$27,834
$2,581,500
2020
$27,834
$2,555,031
2018
$26,814
$2,455,817
2017
$25,369
$2,407,665
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Machado Elementary School
15150 Joy St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
Middle School
3
/10
Terra Cotta Middle School
29291 Lake St
Distance between this listing and this school1.37 miles
Public District Grades 6-8
High School
4
/10
Lakeside High School
32593 Riverside Dr
Distance between this listing and this school0.87 miles
Public District Grades 9-12
Assigned Schools
4
/10
Machado Elementary School
15150 Joy St
Distance between this listing and this school0.28 miles
Public District Grades KG-5
Nearby Schools
4
/10
Withrow Elementary School
30100 Audelo St
Distance between this listing and this school1.25 miles
Public District Grades KG-5
6
/10
Rice Canyon Elementary School
29535 Westwind Dr
Distance between this listing and this school1.87 miles
Public District Grades KG-5
Assigned Schools
3
/10
Terra Cotta Middle School
29291 Lake St
Distance between this listing and this school1.37 miles
Public District Grades 6-8
Nearby Schools
5
/10
Elsinore Middle School
1203 W Graham Ave
Distance between this listing and this school2.10 miles
Public District Grades 6-8
6
/10
Luiseno
13500 Mountain Rd
Distance between this listing and this school4.20 miles
Public District Grades KG-8
Assigned Schools
4
/10
Lakeside High School
32593 Riverside Dr
Distance between this listing and this school0.87 miles
Public District Grades 9-12
Nearby Schools
5
/10
Temescal Canyon High School
28755 El Toro Rd
Distance between this listing and this school2.13 miles
Public District Grades 9-12
5
/10
Elsinore High School
21800 Canyon Dr
Distance between this listing and this school6.77 miles
The neighbors living near this home have an average income of $43,547. Residents of Lake Elsinore, CA typically earn between $35k-100k each year. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 16465 Joy St
What is the listing price of this property?
The listing price of 16465 Joy St property is $7,200,000.
What type of property is this?
The property 16465 Joy St is a condo located in Lake Elsinore, California, 92530.
Is this property for sale now?
Active Listing: 16465 Joy St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 16465 Joy St are: Machado Elementary School: GreatSchools Rating 4/10Terra Cotta Middle School: GreatSchools Rating 3/10Lakeside High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $27,834 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 11, 2003 for $2,050,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 16465 Joy St is 1979.
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This home is located at 16465 Joy St in Lake Elsinore, CA and zip code 92530 in the Lake View District neighborhood. This home, which was built in 1979, sits on a 1.17 acre lot. It has been listed on Rocket Homes since March 23, 2024 and is currently priced at $7,200,000.
While more than 40 listings in Lake Elsinore, CA in April 2024 were sold above asking price, there were more than 21 listings sold at asking price, and more than 16 were sold below. Between March 2024 and April 2024, Lake Elsinore, CA real estate market has seen decrease in the number of listings by 0.7%. The median list price of listings available in April 2024 was $575,000, while the average time on the real estate market was 25 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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