929 933 W 7th St Corona, CA 92882
South Corona NeighborhoodEstimated payment $10,064/month
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
Marcus & Millichap RE Invest Brokerage Email: christian.tait@marcusmillichap.com License #02111248 Listed on: 01/26/2026
Co-Listing Agent
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: OC26018477
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