A must-see duplex a few blocks from the lake. Unit (A) front unit is a 3-bedroom 2 bath with a master bedroom. Unit (B) back unit is a 2- bedroom 1 bath. Each unit is one story, has its own yard and laundry access. 2 separate gas and electric meters. Each has its A/C system. The front unit has a 2-car attached garage, both units have a fireplace. Close to the lake, elementary and high school, highway 74, and shops. The property currently has a rental income of $3300/month. THE PROPERTY IS SELLING AS-IS AT THIS PRICE.
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.
LARGE 3 BEDROOM 2 BATH MOBILE HOME. HAS 433 CERTIFICATE. Great Floor plan. Very Good Interior Condition. Exterior in process of cleanup. Home inspection done. Several sold recently, so lots of cleanup in area in process.
Three fully occupied units centrally located just one block off main street and nearly adjacent to the freeway! This property consists of one building which functions as a duplex with a bedroom unit and a studio unit as well as a separate structure which is also currently rented out as a studio. Total monthly rents on all three are approx. $3700/mo! Despite its central location and easy access these units are located on a small non-through street access providing great privacy. The main building has central heating/ac the secondary building utilizes wall units. The 6000 sq. ft. lot provides plenty of parking and a lot of the flooring had been replaced prior to current tenant move-ins.
Lake Elsinore is located in California. Lake Elsinore, California has a population of 62,229. Lake Elsinore is more family-centric than the surrounding county with 45.07% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Lake Elsinore, California is $66,032. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Lake Elsinore is 30.3 years.
The average high temperature in July is 97.7 degrees, with an average low temperature in January of 39.3 degrees. The average rainfall is approximately 12.8 inches per year, with 0.1 inches of snow per year.
