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.
Discover a unique investment opportunity in Lake Elsinore with this versatile three-unit property. Ideal for investors or owner-occupants, the property offers multiple income-producing possibilities—live in one unit while renting the others, accommodate extended family, or add a multifamily asset to your portfolio. Each residence provides private living space, while the property’s location offers convenient access to shopping, dining, recreation, major roadways, and Lake Elsinore’s scenic waterfront. With strong rental potential and flexible living arrangements, this triplex is an opportunity you won’t want to miss. Buyer to verify all unit details, permits, square footage, zoning, and rental information.
Investor Special in Lake Elsinore! Rare opportunity to own a 3-unit multifamily property just one block from the town center, featuring lake views and situated on a large 17,000 sq. ft. lot. The property includes a 1BR/1BA unit, a studio, and a 2BR/1BA upper unit. When fully occupied, the property generates approximately $46000 + a year in rental income in current condition. 3 units are currently rented, one on a month-to-month basis and one with 4 months remaining on the lease. Hold to increase rental income or explore the development potential for more units or two separate building, ADU. Property is being sold as-is. Excellent location near downtown Lake Elsinore, schools, shopping, and easy freeway access. Great views of the Lake. Great opportunity for investors or developers looking to add value in a growing area!
A unique opportunity to own two beautifully updated, nearly identical townhome-style units on one property. Ideal for expanding a rental portfolio or creating an owner-occupied setup with rental income from the second unit, this versatile property offers multiple possibilities. Each unit has been refreshed inside and out with new paint, updated flooring, and modern fixtures throughout. The entry opens to a spacious front room that flows into a bright and inviting great room, complete with a comfortable living area, eat-in dining space, and a generously sized kitchen featuring ample cabinetry and storage. A conveniently located laundry area for each independent unit. Upstairs, each unit offers three well-appointed bedrooms, including two with walk-in closets. The primary suite features a private balcony with views of Lake Elsinore, creating a relaxing space to enjoy the surrounding scenery. Each unit also includes two covered parking spaces. With updated interiors, functional layouts, lake views, and two separate residences, this property presents an excellent opportunity for investors, multi-generational living, or buyers looking to offset their mortgage with rental income.
Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. Opportunity for developing an additional 2 units exists. Site plan and elevations have been approved by the City of Lake Elsinore. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.
New vinyl fencing has been installed!! Affordable Duplex near Lake Elsinore. Each unit has its own yard. Great opportunity to own a clean and kept duplex in the City of Lake Elsinore Dream Extreme. Each unit is a one-bedroom, one-bath layout and enjoys its own private yard, plus plenty of parking. The units are smaller, though clean, functional, and maintained, offering strong rental appeal. Located within walking distance to Lake Elsinore and Perret Park, which backs right up to one part of Lake Elsinores shoreline. Enjoy boating, water skiing, wing foiling, fishing, and lakeside recreation. The nearby airport offers glider rides and skydiving, and the area is home to the California Motorcycle Road Race Association. Outdoor enthusiasts will love the excellent hiking trails and the Elsinore Launch located on the Ortega Highway, where hang gliding is enjoyed. A great opportunity for investors or owner-occupants looking for an affordable property to live in one and rent the other in a growing, adventure-driven community. This property is zoned for commercial, giving this property so many possibilities for someone who has a business. Contact the city of Elsinore to explore all the uses that this unique property could potentially be used for.
Rare opportunity to acquire a stabilized 14-unit multifamily asset in a prime Lake Elsinore location near the lake and within walking distance to downtown, dining, and shopping. The property features a desirable unit mix of four studios, six 1-bed/1-bath units, and four 2-bed/1-bath units, all currently tenant occupied and generating immediate income. Utilities are efficiently structured with separate gas and electric meters for each unit (14 total) and one shared water meter, helping reduce owner expenses. Situated on a large 18,730 sq ft lot across two APNs (374-173-002 & 374-173-003). No garage parking. Strong rental demand and consistent occupancy provide stable cash flow, with clear upside potential through rent increases. Recent capital improvements include a new roof, making this an excellent opportunity for investors seeking a value-add or long-term hold in a growing Inland Empire market with strong tenant appeal.
Located in the heart of Lake Elsinore’s revitalized downtown district, this versatile mixed-use property offers exceptional potential for both investors and owner-users. The building features a retail storefront on the ground floor, ideal for a boutique, café, professional office, or service business. Upstairs, you'll find a spacious 4 bedroom, 1 bath residential unit, perfect for an owner-occupant or as additional rental income. Live upstairs and operate your business below, or rent out both spaces for maximum return. Enjoy outstanding visibility and foot traffic thanks to the City’s ongoing Downtown Revitalization Initiative, a multi-faceted project transforming the Main Street corridor. Significant enhancements include the new City Hall at Main and Graham, pedestrian safety and infrastructure upgrades, and aesthetic improvements. Don’t miss this rare opportunity to invest in one of Southern California’s fastest-growing communities, where business meets lifestyle.
Lake Elsinore is located in California. Lake Elsinore, California has a population of 68,822. Lake Elsinore is more family-centric than the surrounding county with 41.53% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Lake Elsinore, California is $80,350. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Lake Elsinore is 31.8 years.
The average high temperature in July is 96.2 degrees, with an average low temperature in January of 39 degrees. The average rainfall is approximately 12.1 inches per year, with 0 inches of snow per year.
