1240 E St Corona, CA 92882
Central Corona NeighborhoodEstimated payment $8,060/month
Highlights
- No HOA
- Auto Driveway Gate
- 1-Story Property
- Laundry Room
- Wall Furnace
About This Home
Exceptional investment opportunity in the heart of Corona! This fully remodeled 3-unit property offers strong cash flow potential with stable, on-time paying tenants already in place. All units will be delivered tenant-occupied, providing immediate income for the next owner.
Unit mix includes:
• 5 bedrooms / 2 bathrooms
• 4 bedrooms / 2 bathrooms
• 3 bedrooms / 2 bathrooms
Each unit has been recently upgraded, offering modern finishes and desirable layouts—ideal for long-term tenant retention and market-ready rent potential. Tenants are currently month-to-month, giving investors flexibility for future rental adjustments while maintaining steady income from day one.
With its size, location, and updated interiors, this property is perfect for investors seeking a turnkey, cash-flowing multi-family asset in a high-demand rental area.
Listing Agent
Century 21 Allstars Brokerage Phone: 310-863-0030 License #02039552 Listed on: 11/23/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 6,970 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,000 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 12 Bedrooms
- 6 Bathrooms
Parking
- Parking Available
- Auto Driveway Gate
- Assigned Parking
Utilities
- Wall Furnace
- Private Sewer
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 4003
- Assessor Parcel Number 118124008
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $1,600
- Trash Expense $2,400
- Operating Expense $4,000
- Gross Income $102,600
- Net Operating Income $98,600
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/23/2025 11/23/25 | For Sale | $1,295,000 | +36.3% | $432 / Sq Ft | |
| 10/25/2021 10/25/21 | Sold | $950,000 | 0.0% | $297 / Sq Ft | View Prior Sale |
| 07/29/2021 07/29/21 | Pending | -- | -- | -- | |
| 07/21/2021 07/21/21 | Off Market | $950,000 | -- | -- | |
| 07/04/2021 07/04/21 | For Sale | $980,000 | +3.2% | $306 / Sq Ft | |
| 06/22/2021 06/22/21 | Off Market | $950,000 | -- | -- | |
| 04/17/2021 04/17/21 | For Sale | $980,000 | +15.3% | $306 / Sq Ft | |
| 04/01/2021 04/01/21 | Sold | $850,000 | 0.0% | $266 / Sq Ft | View Prior Sale |
| 02/18/2021 02/18/21 | Pending | -- | -- | -- | |
| 02/17/2021 02/17/21 | For Sale | $850,000 | 0.0% | $266 / Sq Ft | |
| 06/21/2020 06/21/20 | Rented | $2,000 | +5.3% | -- | |
| 06/06/2020 06/06/20 | Price Changed | $1,900 | -2.6% | $1 / Sq Ft | |
| 05/18/2020 05/18/20 | For Rent | $1,950 | 0.0% | -- | |
| 10/02/2019 10/02/19 | Sold | $550,000 | -3.5% | $172 / Sq Ft | View Prior Sale |
| 06/17/2019 06/17/19 | For Sale | $569,900 | +3.6% | $178 / Sq Ft | |
| 06/12/2019 06/12/19 | Off Market | $550,000 | -- | -- | |
| 06/08/2019 06/08/19 | Price Changed | $569,900 | +0.2% | $178 / Sq Ft | |
| 05/31/2019 05/31/19 | For Sale | $569,000 | +32.3% | $178 / Sq Ft | |
| 06/01/2016 06/01/16 | Sold | $430,000 | +4.9% | $134 / Sq Ft | View Prior Sale |
| 05/23/2016 05/23/16 | Pending | -- | -- | -- | |
| 04/18/2016 04/18/16 | For Sale | $409,900 | -- | $128 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25263979
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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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