$1,625,000

Estimated payment $10,064/month

Total Views 5
3 Beds
3 Baths
5,029 Sq Ft
$323 Price per Sq Ft

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property
  • Laundry Room
  • Level Lot

About This Home

929 & 933 West 7th Street is a 7-unit multifamily investment opportunity located in the heart of Downtown Corona. Situated on two adjacent parcels, the property features 100% single-story construction and a highly desirable workforce unit mix consisting of (1) studio, (1) 1-bed / 1-bath, and (5) 2-bed / 1-bath units. Residents benefit from a strong amenity package including private patios (select units), on-site laundry, surface, carport, and garage parking, and individual water heaters for each unit, enhancing both resident quality of life and ease of property operations. The property is ideally positioned within walking distance of Corona City Hall and the OBC Theater, placing residents near downtown amenities, civic services, and entertainment options. The surrounding neighborhood is further supported by two nearby retail centers anchored by Superior Grocers and Cardenas Markets, located approximately 0.25 miles from the property, providing convenient access to daily necessities. Additionally, Jefferson Elementary School and Corona High School are located less than 0.5 miles away, supporting consistent long-term renter demand. The asset also benefits from easy access to State Route 91 and Interstate 15, offering direct connectivity to major employment centers throughout the Inland Empire, Orange County, and greater Southern California. Offered at a compelling 6.01% CAP rate on current rents, this is a rare opportunity to acquire a well-located multifamily asset with strong long-term fundamentals in a convenient, commuter-friendly Corona location.

Listing Agent

Christian Tait

Marcus & Millichap RE Invest Brokerage Email: christian.tait@marcusmillichap.com License #02111248 Listed on: 01/26/2026

Co-Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: christian.tait@marcusmillichap.com License #01451551

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1953

Lot Details

  • 0.32 Acre Lot
  • No Common Walls
  • Level Lot
  • 110082013

Parking

  • 10 Open Parking Spaces
  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,029 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 41704
  • Assessor Parcel Number 110082012
  • $148 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,058
  • Fuel Expense $2,060
  • Insurance Expense $11,582
  • Maintenance Expense $7,000
  • Professional Management Expense $7,797
  • Trash Expense $2,058
  • Water Sewer Expense $2,058
  • New Taxes Expense $18,276
  • Operating Expense $58,237
  • Gross Income $160,680
  • Net Operating Income $97,695

Property Details

Home Type

Apartment

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • CapRate: 6.01
  • Professional Management Expense: 7797.00
  • Property Attached: No
  • Water Sewer Expenses: 2058.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 110082012
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 323.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2058.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 110082013
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 13939.20
  • Lot Size Acres: 0.3200

Multi Family

  • Electric Expense: 2058.00
  • Fuel Expense: 2060.00
  • Gross Income: 160680.00
  • Gross Multiplier: 10.11
  • Gross Operating Income: 153432.00
  • Gross Scheduled Income: 158280.00
  • Insurance Expense: 11582.00
  • Lot Size Area: 0.3200 Acres
  • Maintenance Expense: 7000.00
  • Net Operating Income: 97695.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 58237.00
  • Operating Expense Percent: 37.30
  • Other Income1: 2400.00
  • Rent Control: No
  • Total Expenses: 58237.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18276.00
  • Tax Lot: 10
  • Tax Tract Number: 041704
  • TaxOtherAnnualAssessmentAmount: 148.00

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
01/26/2026 01/26/26 For Sale $1,625,000 -- $323 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26018477

California Regional Multiple Listing Service (CRMLS)