NOT LISTED FOR SALE

1111 W 9th St Corona, CA 92882

Central Corona Neighborhood
6 Beds
4 Baths
10,150 Sq Ft
0.36 Acres

Last Sold January 02, 2015

Last sale price $1,700,000 $167 Per Sq Ft

10 Days on Market

Highlights

  • 0.36 Acre Lot
  • Property is near a park
  • Private Yard
  • Contemporary Architecture
  • Corner Lot
  • Laundry Room

About This Home

As of January 2015

Building location in West Corona just east of the Orange County boundary. 15-unit Building near downtown with great potential. Unit mix: (4)2-br, 1-ba. (11)1-br, 1-Ba. Currently fully occupied. Covered parking available.
This building is centrally located on a large lot at the corner of 9th St and Lincoln Ave, one block from Corona High School. Less than one mile west of Corona Regional Medical Center, the city's only hospital. The hospital currently has more than 1,000 employees and has a projected expansion plan that will dramatically increase the size of the hospital and the number of employees.

Last Agent to Sell the Property

Mary Kasenberg

Coldwell Banker Realty License #00523581 Listed on: 11/10/2014

Coldwell Banker Realty

Last Buyer's Agent

Patrick Schwier

Schwier Income Properties, Inc License #01072723

Schwier Income Properties, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.36 Acre Lot
  • No Common Walls
  • Corner Lot
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard
  • Density is 36-40 Units/Acre

Home Design

  • 10,150 Sq Ft Home
  • Contemporary Architecture
  • Wood Siding
  • Stucco

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 19
  • Tax Tract Number 2287
  • Assessor Parcel Number 110071012

Community Details

Building Details

  • 15 Leased Units
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,256
  • Gardener Expense $1,560
  • Insurance Expense $3,480
  • Maintenance Expense $12,421
  • Pest Control $456
  • Supplies Expense $268
  • Trash Expense $5,100
  • Water Sewer Expense $11,413
  • New Taxes Expense $21,000
  • Gross Income $12,275
  • Net Operating Income $84,581

Additional Features

  • 15 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • CapRate: 5.12
  • Inclusions: Kitchen appliances in place.
  • Property Attached: No
  • Road Frontage Type: City Street
  • Supplies Expense: 268.00
  • Water Sewer Expenses: 11413.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1560.00
  • Parcel Number: 110071012
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 167.49

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 456.00
  • Trash Expense: 5100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 36-40 Units/Acre, Over 40 Units/Acre, Front Yard, Lawn, Rectangular Lot, Level with Street, Lot 10000-19999 Sqft, Paved, Park Nearby, Corner Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 15700.00
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 750
  • Electric Expense: 1256.00
  • Gross Income: 12275.00
  • Gross Multiplier: 11.90
  • Gross Scheduled Income: 147300.00
  • Insurance Expense: 3480.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 15700.0000 Square Feet
  • Maintenance Expense: 12421.00
  • Net Operating Income: 84581.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 15
  • Number Of Units Total: 15
  • Operating Expense: 58300.00
  • Other Expense Description: XX
  • Rent Control: No
  • Total Actual Rent: 12275.00
  • Vacancy Allowance: 4420
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21000.00
  • Tax Area: 4003
  • Tax Lot: 19
  • Tax Tract Number: 2287

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2015 01/02/15 Sold $1,700,000 -2.9% $167 / Sq Ft
11/20/2014 11/20/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $1,750,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mary Kasenberg

    Coldwell Banker Realty

    Section Image

  • P

    Buyer's Agent in 2015

    Patrick Schwier

    Schwier Income Properties, Inc

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14240190

California Regional Multiple Listing Service (CRMLS)

APN: 110-071-012

California Riverside County Corona 92882 Central Corona

1111 W 9th St, Corona, CA

This home is located at 1111 W 9th St, Corona, CA 92882 since 10 November 2014. This property was built in 1961. 1111 W 9th St is a home located in Riverside County with nearby schools including Vicentia Elementary School, Letha Raney Intermediate School, and Corona High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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. 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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