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    16459 Joy Street

    Lake Elsinore, CA 92530
    • $2,150,000
    • STATUS: Active Under Contract
    • ON SITE: 249 days
    • ID#: CV20008810
    Under Contract
    UPDATED: 31 min ago
    $2,150,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,500
      SQFT
    • $148
      $/SQFT
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    The Northshore Townhomes is a 10 unit apartment building situated on a 26,300 square foot lot zoned CP. The unit mix consists of 100% large 3+2.25 units averaging approximately 1,450 SF with washer/dryers in the units. They are individually metered for gas and electric utilities, landlord is responsible for water, sewer, and trash. Every unit has a two car garage with direct access to the unit. Close proximity to the lake and mountain views. This property is part of portfolio sale with the adjacent 32 unit building located at 16465 Joy Street, Lake Elsinore, CA. They must be sold together.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-19T08:27:28.22. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

    www.sonyathebroker.com/homes/102273130
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    16459 Joy Street Lake Elsinore, CA 92530

    • Price: $2,150,000
    • Status: Active Under Contract
    • Updated: 31 min ago
    • ID#: CV20008810
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    14,500
    SQFT
    $148
    $/SQFT
    1979
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    The Northshore Townhomes is a 10 unit apartment building situated on a 26,300 square foot lot zoned CP. The unit mix consists of 100% large 3+2.25 units averaging approximately 1,450 SF with washer/dryers in the units. They are individually metered for gas and electric utilities, landlord is responsible for water, sewer, and trash. Every unit has a two car garage with direct access to the unit. Close proximity to the lake and mountain views. This property is part of portfolio sale with the adjacent 32 unit building located at 16465 Joy Street, Lake Elsinore, CA. They must be sold together.
    Exterior Features

    Garage Spaces 20.00 Lot Features Park Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Total 20.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.40 Community Features BikingFishingFoothillsGolfHikingLakeParkWatersportsMountainous Country Us Electric Expense 641.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 175357.00 Gross Multiplier 11.89 Gross Scheduled Income 180780.00 Insurance Expense 5951.00 Land Lease YN No Laundry YN Yes Net Operating Income 116004.00 New Construction YN No New Taxes Expense 22446.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 59353.00 Professional Management Expense 6137.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 59353.00 Trash Expense 3787.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 12576.00 Water Source Public Year Built Source Assessor Zoning Cp

    Listing provided courtesy of Tim Steuernol of Nai Capital, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-19T08:27:28.22. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Vogler Feigen. Licensed in the State of California, USA.

     
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