570 Penrose Dr Corona, CA 92880
North Corona NeighborhoodEstimated payment $11,683/month
Highlights
- No Units Above
- Contemporary Architecture
- Private Yard
- Gated Community
- Corner Lot
- No HOA
About This Home
Over $11,100 in monthly rental income! Here's your chance to own a beautifully renovated 4-plex, now available in the heart of Corona. This upscale property is in a very quiet and peaceful neighborhood of Corona, conveniently located just minutes from the 91 Freeway, Corona's Metrolink Station, and also the "Metro at Main" commercial center - a brand-new mixed-use project consisting of more than 60,000 square feet of ground-floor retail. Perfectly situated on a corner lot within a gated courtyard, each unit of the building is two levels, townhome style, with nobody above or below, offering much more privacy for each tenant. The property consists of two spacious 3-bed/1.5 bath units, and two 2-bed/1.5 bath units. The building has just been repainted and upgraded with all-new landscaping, including a drip system which requires minimal water use. Each unit has been upgraded with central A/C, which is very rare for this area, and an added value for tenants. There are two detached 2-car garages, which offer one assigned space for each unit. All tenants keep to themselves and pay rent on time. Two of the units receive Section 8 assistance, with direct deposits sent to your bank account for rent every month. This beautiful property can be sold by itself, or together with it's neighboring 4-plex at 586 Penrose Drive. Don't miss out on this unique opportunity!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 8,276 Sq Ft Lot
- No Units Above
- No Units Located Below
- 1 Common Wall
- Wrought Iron Fence
- Stucco Fence
- Drip System Landscaping
- Corner Lot
- Level Lot
- Sprinkler System
- Private Yard
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Garage Door Opener
- Off-Street Parking
Home Design
- Contemporary Architecture
- Quadruplex
- Entry on the 1st floor
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,700 Sq Ft Home
- 2-Story Property
- Blinds
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 8 Bathrooms
Home Security
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 2745
- Assessor Parcel Number 119081025
- $84 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $300
- Fuel Expense $400
- Gardener Expense $1,200
- Insurance Expense $2,400
- Trash Expense $2,880
- Water Sewer Expense $4,200
- Operating Expense $11,380
- Gross Income $134,016
- Net Operating Income $122,636
Security
- On-Site Manager or Management
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26194182
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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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Ask me questions while you tour the home.