7,405 Sqft Lot
7,405 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26208059
HOA Y/N No
Year Built 1964
Lot Size 7,405 Sqft
Property Sub-Type Apartment
Property Description
offers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units of
approximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room for
improvement. Market rents run approximately $1,800–$1,950 for the one-bedrooms and $2,100–$2,250 for the two bedrooms.
Units feature open living/kitchen layouts and wall A/C, with common-area laundry, eight covered and two
uncovered parking spaces, and plenty of street parking nearby.
The building sits in a walkable downtown grid (Walk Score 81) south of Sixth Street and inside the historic Grand Boulevard
circle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drive
north via Main Street. North Main Metrolink is about one mile away.
This is a value-add opportunity. With in-place rents averaging $1,639 on the one-bedrooms and $1,971 on the twobedrooms,
a buyer can complete the interior program on the remaining units and move rents toward market. Downtown
Corona remains a city revitalization target, which supports long-term location quality.
Location
State CA
County Riverside
Area 248 - Corona
Interior
Heating None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Curbs, Hiking, Mountainous, Park, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 117212001
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Nearby Locations
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