Seller's Agent in 2023
Armando Benitez Medina
CENTURY 21 REALTY MASTERS
(213) 842-6085
1 in this area
35 Total Sales
421 E 5th St Corona, CA 92879
Central Corona NeighborhoodEstimated Value: $796,000 - $1,032,367
5
Beds
4
Baths
2,417
Sq Ft
$362/Sq Ft
Est. Value
Highlights
- No Units Above
- Corner Lot
- No HOA
- Centennial High School Rated A-
- Lawn
- Park
About This Home
As of November 2023Introducing a profitable investment opportunity in Corona, California: a fully rented three-unit building with excellent revenue potential. This property is perfect for 1031 exchanges or families seeking for that extra money to help with their mortgage payment. This property boasts a 3-bed, 2-bath house with a 2-car garage, along with a standalone duplex building featuring 1 bed and 1 bath in each unit. With a spacious 14,810 sq ft lot zoned R-3, there is room for expansion, additional units, or an accessory dwelling unit (ADU). The property's strategic location near the 91 and 15 freeways, near esteemed Santiago High School within the Corona-Norco Unified School District, downtown Corona, excellent public transportation, and just a short 35-minute drive to Newport Beach, Disneyland, and Knott's Berry Farm, adds to its appeal. Don't miss this incredible investment opportunity with potential for significant rental income.
Last Agent to Sell the Property
CENTURY 21 REALTY MASTERS License #02026253 Listed on: 08/09/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,771
Year Built
- Built in 1948
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 101'x148'
- Property fronts an alley
- No Units Above
- No Units Located Below
- 1 Common Wall
- West Facing Home
- Wrought Iron Fence
- Wire Fence
- Fence is in good condition
- Landscaped
- Corner Lot
- Level Lot
- Lawn
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- 4 Open Parking Spaces
- 4 Carport Spaces
- Parking Available
- Side Facing Garage
- Two Garage Doors
Home Design
- Triplex
- Entry on the 1st floor
- Shingle Roof
- Tile Roof
- Composition Roof
- Clay Roof
- Stucco
Interior Spaces
- 2,417 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Phone Available
Listing and Financial Details
- Tenant pays for all utilities, exterior maintenance
- Legal Lot and Block 2 / 159
- Assessor Parcel Number 117161008
- $121 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Recreation
- Park
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $3,000
- Maintenance Expense $3,000
- New Taxes Expense $9,600
- Operating Expense $15,750
- Net Operating Income $53,250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2023
Closed on
Nov 14, 2023
Sold by
Navarro Jesus
Bought by
Zhou Zeping and Li Shanshan
Seller's Agent
Armando Benitez Medina
CENTURY 21 REALTY MASTERS
Buyer's Agent
Tan Ping Chen
God Blessing Inc.
List Price
$960,000
Sold Price
$960,000
Views
118
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,408
Avg. Annual Appreciation
-4.81%
Original Mortgage
$874,800
Outstanding Balance
$859,510
Interest Rate
7.49%
Mortgage Type
VA
Estimated Equity
$15,082
Purchase Details
Closed on
Aug 7, 2023
Sold by
Navarro Josefina
Bought by
Navarro Jesus
Purchase Details
Closed on
Aug 1, 2023
Sold by
Navarro Jesus
Bought by
Navarro Josefina
Purchase Details
Closed on
Sep 30, 2004
Sold by
Lopez Hilarion C
Bought by
Navarro Jesus and Navarro Josefina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhou Zeping | $960,000 | Wfg National Title | |
| Navarro Jesus | -- | Wfg National Title | |
| Navarro Josefina | -- | Wfg National Title | |
| Navarro Jesus | $525,000 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zhou Zeping | $874,800 | |
| Previous Owner | Navarro Jesus | $318,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/21/2023 11/21/23 | Sold | $960,000 | 0.0% | $397 / Sq Ft |
| 10/19/2023 10/19/23 | Pending | -- | -- | -- |
| 10/11/2023 10/11/23 | Off Market | $960,000 | -- | -- |
| 10/10/2023 10/10/23 | For Sale | $960,000 | 0.0% | $397 / Sq Ft |
| 10/06/2023 10/06/23 | Off Market | $960,000 | -- | -- |
| 10/01/2023 10/01/23 | For Sale | $960,000 | 0.0% | $397 / Sq Ft |
| 09/19/2023 09/19/23 | Off Market | $960,000 | -- | -- |
| 08/09/2023 08/09/23 | For Sale | $960,000 | -- | $397 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,771 | $979,199 | $293,762 | $685,437 |
| 2023 | $10,771 | $703,369 | $147,366 | $556,003 |
| 2022 | $7,715 | $679,535 | $144,477 | $535,058 |
| 2021 | $6,554 | $575,877 | $131,972 | $443,905 |
| 2020 | $5,859 | $514,176 | $117,832 | $396,344 |
| 2019 | $5,671 | $499,200 | $114,400 | $384,800 |
| 2018 | $5,441 | $480,000 | $110,000 | $370,000 |
| 2017 | $5,082 | $450,000 | $100,000 | $350,000 |
| 2016 | $4,684 | $410,000 | $100,000 | $310,000 |
| 2015 | $4,540 | $400,000 | $100,000 | $300,000 |
| 2014 | $4,247 | $380,000 | $100,000 | $280,000 |
Source: Public Records
Agents Affiliated with this Home
-
Armando Benitez Medina
-
Tan Ping Chen
T
Buyer's Agent in 2023
Tan Ping Chen
God Blessing Inc.
(626) 913-5398
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB23147683
APN: 117-161-008
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.
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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