$1,610,000

7979 Minnesota Rd Unit A Corona, CA 92881

El Cerrito Neighborhood

Estimated payment $10,054/month

Total Views 4,406
12 Beds
6 Baths
4,500 Sq Ft
$358 Price per Sq Ft

Highlights

  • No HOA
  • Galley Kitchen
  • Laundry Room
  • El Cerrito Middle School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

A truly unique offering in the Corona market, this six-unit multifamily property is a rare find for a savvy investor. There are no other properties of this size on the market, making this an unparalleled chance to acquire a significant, income-generating asset. This is a turnkey investment with all six units currently occupied by tenants, providing immediate, stable cash flow from day one.

The property consists of six identical units, each featuring a spacious 2-bedroom, 1-bathroom layout. A dedicated single-car garage for each unit adds significant value and tenant appeal. While the location may not be considered prime, this property's high-occupancy history and consistent rental income showcase its proven performance and strong cash flow.

This is a perfect opportunity for a strategic buyer to expand their portfolio and benefit from a high-yield asset that is insulated from the volatility of single-family rentals. The unique size of this property means less competition and a higher barrier to entry, protecting your investment for the long term.

Listing Agent

Jake Bullock

Bullock Russell RE Services Brokerage Phone: 949-293-7679 License #02054323 Listed on: 09/06/2025

Bullock Russell RE Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.5 Acre Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 6 Car Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 4,500 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Vinyl Flooring

Kitchen

  • Galley Kitchen
  • Free-Standing Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Electric Water Heater
  • Shared Septic

Listing and Financial Details

  • Tax Lot 28
  • Tax Tract Number 419
  • Assessor Parcel Number 277110062
  • $90 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $12,052
  • Water Sewer Expense $1,596
  • Operating Expense $39,813
  • Gross Income $101,316
  • Net Operating Income $61,503

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: cust
  • Water Sewer Expenses: 1596.00
  • Zoning: R-A-1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 277110062
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Price Per Square Foot: 357.78
  • Room Type: All Bedrooms Down, Family Room, Galley Kitchen

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Water Heater, Free-Standing Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Shared Septic
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 21780.00
  • Lot Size Acres: 0.5000

Rental Info

  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Gross Income: 101316.00
  • Gross Scheduled Income: 101316.00
  • Insurance Expense: 12052.00
  • Lot Size Area: 21780.0000 Square Feet
  • Net Operating Income: 61503.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 39813.00
  • Rent Control: No
  • Total Expenses: 39813.00

Tax Info

  • Tax Census Tract: 419.09
  • Tax Lot: 28
  • Tax Tract Number: 419.09
  • TaxOtherAnnualAssessmentAmount: 90.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2025 09/06/25 For Sale $1,610,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25200220

California Regional Multiple Listing Service (CRMLS)

APN: 277-110-062

California Riverside County Corona 92881 El Cerrito

7979 Minnesota Rd Unit A, Corona, CA

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California Regional Multiple Listing Service (CRMLS) 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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Listing Agent
Jake Bullock
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Bullock Russell RE Services
(909) 351-5691