NOT LISTED FOR SALE
3 Beds
2 Baths
10,616 Sq Ft
16,117 Sq Ft Lot

Last Sold November 03, 2014

Last sale price $1,790,000 $169 Per Sq Ft

11 Days on Market

About This Home

As of November 2014

The property sits on an ideal corner lot at the cross streets of Lincoln Avenue and 9th Street and provides a central location to schools, transportation, shopping and parks. The property is also less than a mile west of the expanding Corona Regional Medical Center, the city's only hospital. The hospital currently has more than 1,000 employees with a medical staff of approximately 300 physicians and is set for a three phase expansion plan that will dramatically increase the size of the hospital and the number of it's employees.

The city of Corona is ideally located in western Riverside County approximately 45 miles southeast of Los Angeles, 15 miles east of Anaheim, 15 miles south of Ontario, 15 miles southwest of Downtown Riverside and 30 miles northwest of Temecula. The city limits encompass 39.2 square miles and the population is approximately 153,484. A city whose heritage spans more than a century, Corona has emerged as an ethnically diverse community, where a significant percentage of the population is made up of young, well-educated families.

Last Agent to Sell the Property

John Stephens

KW COMMERCIAL License #01238307 Listed on: 08/15/2014

KW COMMERCIAL

Last Buyer's Agent

John Stephens

KW COMMERCIAL License #01238307 Listed on: 08/15/2014

KW COMMERCIAL

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.37 Acre Lot
  • Two or More Common Walls
  • Private Yard

Home Design

  • Property Attached

Interior Spaces

  • 10,616 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 15 Parking Spaces
  • 15 Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 110072001

Community Details

Overview

  • 15 Units

Building Details

  • Gross Income $13,617
  • Net Operating Income $98,192

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0.37 Acres

Listing Details

  • CapRate: 5.31
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 110072001
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 168.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 15.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 16117.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 672
  • Average2 Bed Area: 806
  • Gross Income: 13617.00
  • Gross Multiplier: 11.32
  • Gross Scheduled Income: 163404.00
  • Lot Size Area: 0.3700 Acres
  • Net Operating Income: 98192.00
  • Number Of Units Total: 15
  • Operating Expense: 60486.00
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 1
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2014 11/03/14 Sold $1,790,000 -3.2% $169 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
08/15/2014 08/15/14 For Sale $1,850,000 -- $174 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,511 $2,151,303 $290,843 $1,860,460
2023 $23,511 $2,067,767 $279,550 $1,788,217
2022 $22,764 $2,027,223 $274,069 $1,753,154
2021 $22,310 $1,987,475 $268,696 $1,718,779
2020 $22,063 $1,967,097 $265,941 $1,701,156
2019 $21,550 $1,928,527 $260,727 $1,667,800
2018 $21,064 $1,890,714 $255,615 $1,635,099
2017 $20,545 $1,853,642 $250,603 $1,603,039
2016 $20,348 $1,817,297 $245,690 $1,571,607
2015 $19,901 $1,790,000 $242,000 $1,548,000
2014 $17,316 $1,584,749 $264,485 $1,320,264
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14176051

California Regional Multiple Listing Service (CRMLS)

APN: 110-072-001

Your Personal Tour Guide

Ask me questions while you tour the home.