712 S Howard St Corona, CA 92879
Central Corona NeighborhoodEstimated payment $13,251/month
Highlights
- No HOA
- Laundry Facilities
- 3-minute walk to Victoria Park
- Centennial High School Rated A-
- No Heating
About This Home
We are pleased to present the The Howard Apartments, a 10-unit multifamily investment property located at 712 S Howard Street in Corona, California. The property is currently operating at approximately a 5.04% cap rate with rents approximately 20% below market, providing investors with an attractive value-add opportunity and potential for future income growth. Effective January 2027, scheduled rent increases across all 10 units will generate an additional $950 per month in rental income, or approximately $11,400 annually. Based on current operating performance, these increases are projected to result in an approximate 5.60% cap rate, with additional rental upside providing the potential for a pro forma cap rate approaching 7.00%.
Built in 1963, the two-story property consists of approximately 6,000 square feet on an approximately 7,405-square-foot lot. The unit mix consists entirely of 10 one-bedroom / one-bathroom units averaging approximately 600 square feet each. Current ownership has completed several capital improvements, including the refurbishment of six units, installation of tile showers in seven units, copper water line repiping approximately 10 years ago, and roof replacement approximately six to seven years ago. Most water heaters have also been replaced, and electric heaters were installed approximately five to seven years ago. Additional features include ample tenant parking and an on-site laundry room. The property is all-electric with no gas service. The property benefits from a central Corona location with convenient access to employment, shopping, dining, transportation, and everyday amenities. Nearby State Route 91 and Interstate 15 provide connectivity throughout the Inland Empire, Orange County, and the greater Southern California region.
Please do not disturb tenants, walk the property, or contact anyone at the property. Interior inspections will be conducted only upon an accepted offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,493
Year Built
- Built in 1963
Lot Details
- 7,405 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,000 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Full Bathrooms
Parking
- Parking Available
- Driveway
- On-Site Parking
- Off-Site Parking
- Assigned Parking
Utilities
- No Heating
Listing and Financial Details
- Legal Lot and Block 4 / 117
- Assessor Parcel Number 117194011
- $90 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $881
- Insurance Expense $9,500
- Maintenance Expense $7,500
- Other Expense $2,500
- Pest Control $1,100
- Trash Expense $4,488
- Water Sewer Expense $7,446
- New Taxes Expense $22,493
- Operating Expense $56,378
- Gross Income $162,000
- Net Operating Income $100,852
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,169 | $1,004,819 | $247,849 | $756,970 |
| 2025 | $10,803 | $985,118 | $242,990 | $742,128 |
| 2023 | $10,803 | $946,866 | $233,555 | $713,311 |
| 2022 | $10,459 | $928,301 | $228,976 | $699,325 |
| 2021 | $10,247 | $910,100 | $224,487 | $685,613 |
| 2020 | $10,134 | $900,769 | $222,186 | $678,583 |
| 2019 | $9,900 | $883,108 | $217,830 | $665,278 |
| 2018 | $9,677 | $865,793 | $213,560 | $652,233 |
| 2017 | $9,439 | $848,818 | $209,373 | $639,445 |
| 2016 | $9,348 | $832,175 | $205,268 | $626,907 |
| 2015 | $9,143 | $819,678 | $202,186 | $617,492 |
| 2014 | $8,807 | $803,624 | $198,226 | $605,398 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2026 08/29/26 | For Sale | $2,000,000 | -- | $333 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Quit Claim Deed | -- | Fidelity National Title Co | |
| Grant Deed | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $650,000 | Commercial | |
| Closed | $650,000 | Commercial | |
| Closed | $650,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26189840
APN: 117-194-011
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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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