Real Estate Corona, CA

419 E 8th Street, Corona, CA 92879 (MLS # IV17110938)

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PRICE $650,000
BEDS n/a
BATHS 0 baths
HOME SIZE 3,000 sq ft
LOT SIZE 7,405 sqft

Competitive Offering Actual CAP Rate of 4.30%, With a ProForma CAP Rate of 5.75%, ProForma GRM of 11.90, 20-25 % Upside in Potential Rental Income. High Infill Downtown Location, Non-Rent Control Community, Recent Capital Improvements; Newer Roof, Exterior Paint, Upgraded Interior Units, Financeable Asset, Long Term Tenants, With Strong Historicals. The property located at 419 East 8th Street is situated on a 0.17 acre lot, in downtown Corona, CA. This four unit apartment has an attractive unit mix of 2 one bedroom / one bathroom units, 1 two bedroom / one bathroom unit and 1 three bedroom / one bathroom unit. The apartment is located within a short driving distance of two of the areas biggest employers, The Corona Regional Medical Center & Watson Pharmaceuticals. These employers alone have more than 2,200 employees. The properties close proximity makes it a great fit for medical staff and blue collar workers alike. The property is also ideally suited for families, being within a short distance from Corona High School and its more than 3,100 Students. The situation of the community also provides direct access to the 91 and 15 freeways, for convenient commuting. 419 E 8th St, Corona, CA 92879 is found within the neighborhood referred to as City Center neighborhood of Corona. Corona City Center is an urban neighborhood, with real estate vacancies in Corona City Center below five percent, which is lower than one will find in nearly 70% of American neighborhoods.

DAYS ON MARKET 248 LAST UPDATED 5/18/2017
YEAR BUILT 1912 COMMUNITY Corona
COUNTY Riverside STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
BUILDINGAREAUNITS Square Feet
COMMONWALLS 2+ common walls
COMMUNITYFEATURES Curbs
ELEVATIONUNITS Feet
GARAGESPACES 0.00
LANDLEASEYN 0
LISTAGENTSTATELICENSE 01468313
LOTFEATURES 0-1 Unit/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 248 - Corona
POOLFEATURES None
PRICEPERSQUAREFOOT 216.67
PROPERTYTYPE Residential Income
SPECIALLISTINGCONDITIONS Standard
WATERSOURCE Public

ZESTIMATE
$190,180  419 E 8th Street, Corona, CA

RENT ZESTIMATE
$1250 / mo.  419 E 8th Street, Corona, CA

81 Very Walkable

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Listing provided by : ALBERT LE License # 01468313, LE INVESTMENT GROUP

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/21/18 1:51 AM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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