Address
939 N Vicentia Avenue Corona, CA
Price
$ 799,000
Property Attributes
  • MLS#IG20223105
  • TypeIncome
  • CountyRIVERSIDE
  • CityCorona
  • AreaCorona
  • Zip92878
  • Style
  • Price$ 799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4288
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Joseph Orozco with Keller Williams Realty.
Property Description

Rare chance to buy a (4) fourplex asset in a prime location close Metro at Main, Starbucks and North Main Metrolink! These townhouse style units all feature 2 bedrooms and 1 bath upstairs and a 1/2 bath downstairs. All units are Occupied and all tenants are paying their Full Rent. Phenomenal 5.8 CAP Rate with the ability to further value add. There is also a laundry room that could bring even more income. This is the type of asset you put in a Trust for your children or add to your portfolio. High demand rental area virtually no vacancy. The building has very low operating costs. All units are individually metered for gas and electricity, owner pays water and trash. All tenants paying cash. All units have a backyard area and each have a shared garage space for 1 car. Longterm tenants that wish to stay will provide cashflow, depreciation, loan pay down and building appreciation. Below market rents, but for those looking for a repositioning opportunity, this asset offers a big upside in rental income. All buyers should drive by the property first before making an offer.

Price History
10/24/2020 Listed $795,000

General Features

Attached Structure Attached
Community Features Suburban
Cooling Wall/Window Unit(s)
Directions Off the 15 freeway exit Main>River>Cota>Penrose
Garage Spaces 4.00
HOA Fee 0.00
Listagentaor The Inland Gateway
Listing Agent Joseph Orozco - BRE#01305877
Listing Agent State License 01305877
MLS Area 248 - Corona
Number of Units Leased 4
Pool Features None
Price Per Square Foot 186.33
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 4
Zoning R3

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Laundry Features Outside, See Remarks
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 4288.00
Lot Features Level
Lot Size Acres 0.1900
Lot Size Area 8276.0000
Lot Size Source Assessor
Lot Size Square Feet 8276.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 4.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92878

Price
AVG $800K
$800K
Visits
AVG 11
11
Year Built
AVG 1960
1960

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