16420 Joy Street, Lake Elsinore, CA 92530

About this property

Highly Desirable 6 Unit Apartment Building - All 6 Units are 3 Bedroom 2 Bathroom Units, All 6 Units have attached 1 Car Garages and 1 Direct Open Parking Spot in Front of the Unit, 4 Units have been recently remodeled, including many with New Kitchen Cabinets and Granite Counter Tops. Many Apartment listings advertise Added Value that rents can be increased, but this property is truly unique because it sits on a large lot with potential to add as many as 6 units per a prior listing of this property. The lot is 35,719 SF per Realist and nearly half the lot is vacant land with potential to add value. The current rents appear low and turnover has been very low over the past 5 years.

Listing description from the July 2018 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold July 2018 · listed $1,200,000, on market May 2018 · MLS #IG18126238 · Source: CRMLS

Listing Agent: Kurt Tiedt · Listing Office: Titan Real Est.& Investments · Contact: 951-751-6892 · Bought with: JOSE GUTIERREZ · VILLAGE REALTORS

$540,000

Sold November 2012 · listed $549,500, on market August 2012 · MLS #E12108822 · Source: CRMLS

Listing Agent: LOU MAGDALENO · Listing Office: LUIS MAGDALENO · Contact: 909-255-6483 · Bought with: Kurt Tiedt · Titan Real Est.& Investments

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