$1,450,000
SOLD SEP 16, 2019
8 Beds
9 Baths
5,935 Sq Ft
6,055 Sq Ft Lot

Recently Sold

$244 Per Sq Ft

6% Below List Price

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • 4-minute walk to City Hall Park

About This Home

As of December 2021

610-612 W Grand Blvd is located in the highly sought-after downtown Corona neighborhood known as “The Circle.” It is within a 1-mile radius from Corona Regional Medical Center and the Corona Civic Center. The property offers walkable access to many parks, shops and restaurants. The highly convenient location offers easy access to the 91 freeway and is located near several elementary, middle and high schools. The area also offers convenient access to Norco College, La Sierra University, Galleria at Tyler, UC Riverside and Cal Baptist University as well as beach cities using the 91 and 15 freeways.
610-612 W Grand Blvd is a rare, non-rent controlled, two-story, 11-unit mixed-use property with an on-site laundry facility and 12 surface parking spaces. The property offers an excellent unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom and retail units averaging 540 square feet. The retail units are included in rent roll as studio units in the unit information section. The property has recently undergone extensive exterior renovations such as a new pitched composition roof, new rain gutters, new exterior paint, recently re-sealed asphalt and new windows. Units feature tile and/or laminate wood flooring, wall A/C and heat. Kitchens are equipped with oven/stoves. Select units have been recently renovated with new flooring, new kitchen cabinets, new granite kitchen counter tops, new paint, and new bathrooms. Select units include a private balcony.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Listed on: 07/08/2019

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Listed on: 07/08/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,241

Year Built

  • Built in 1974

Lot Details

  • 6,055 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping

Home Design

  • Property Attached

Interior Spaces

  • 5,935 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 9 Bathrooms

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Parking Available
  • Private Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / 59
  • Tax Tract Number 41704
  • Assessor Parcel Number 110102011

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,259
  • Fuel Expense $163
  • Insurance Expense $1,301
  • Maintenance Expense $3,998
  • Other Expense $3,900
  • Pest Control $180
  • Professional Management Expense $6,185
  • Trash Expense $3,017
  • Water Sewer Expense $7,014
  • New Taxes Expense $17,241
  • Operating Expense $46,458
  • Gross Income $126,216
  • Net Operating Income $77,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,241

Year Built

Built in 1974

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Professional Management Expense: 6185.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7014.00
  • Zoning: C3
  • Property Type: Residential Income
  • Parcel Number: 110102011
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 244.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, On Site, Private
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 180.00
  • Sewer: Public Sewer
  • Trash Expense: 3017.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, No Landscaping
  • Lot Size Sq Ft: 6055.00
  • Lot Size Acres: 0.1390

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 775 Square Feet
  • Average Studio Area: 580 Square Feet
  • Electric Expense: 1259.00
  • Fuel Expense: 163.00
  • Gross Income: 126216.00
  • Gross Multiplier: 12.27
  • Gross Operating Income: 127536.00
  • Gross Scheduled Income: 126216.00
  • Insurance Expense: 1301.00
  • Laundry Income: 1320.00
  • Lot Size Area: 6055.0000 Square Feet
  • Maintenance Expense: 3998.00
  • Maintenance Percent: 3.23
  • Net Operating Income: 77252.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 11
  • Operating Expense: 46458.00
  • Operating Expense Percent: 37.55
  • Other Expense: 3900.00
  • Other Expense Description: On-Site
  • Rent Control: No
  • Total Actual Rent: 10518.00
  • Total Expenses: 46458.00
  • Vacancy Allowance: 3826
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 17241.00
  • Tax Block: 59
  • Tax Census Tract: 417.04
  • Taxes Percent: 13.94
  • Tax Lot: 12
  • Tax Rate: 1.11
  • Tax Tract Number: 041704
  • Tax Annual Amount: 17241.00
  • Tax Year: 2019

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 Change Sq Ft Price
12/21/2021 12/21/21 Sold $2,005,000 +0.5% $338 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
09/21/2021 09/21/21 Price Changed $1,995,000 -5.0% $336 / Sq Ft
08/31/2021 08/31/21 For Sale $2,100,000 +44.8% $354 / Sq Ft
09/16/2019 09/16/19 Sold $1,450,000 -6.4% $244 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
07/08/2019 07/08/19 For Sale $1,549,000 +35.9% $261 / Sq Ft
07/06/2017 07/06/17 Sold $1,140,000 -2.4% $192 / Sq Ft
04/28/2017 04/28/17 For Sale $1,168,000 +19.4% $197 / Sq Ft
09/02/2014 09/02/14 Sold $978,000 -11.1% $165 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
10/15/2013 10/15/13 For Sale $1,100,000 -- $185 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV19160354

California Regional Multiple Listing Service (CRMLS)

APN: 110-102-011