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421 E 5th ST Corona, CA 92879
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Key Details
Sold Price $960,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Unknown
MLS Listing ID MB23147683
Sold Date 11/21/23
HOA Y/N No
Year Built 1948
Lot Size 0.340 Acres
Lot Dimensions Assessor
Property Description
Introducing a profitable investment opportunity in Corona, California: a fully rented three-unit building with excellent revenue potential. This property is perfect for 1031 exchanges or families seeking for that extra money to help with their mortgage payment. This property boasts a 3-bed, 2-bath house with a 2-car garage, along with a standalone duplex building featuring 1 bed and 1 bath in each unit. With a spacious 14,810 sq ft lot zoned R-3, there is room for expansion, additional units, or an accessory dwelling unit (ADU). The property's strategic location near the 91 and 15 freeways, near esteemed Santiago High School within the Corona-Norco Unified School District, downtown Corona, excellent public transportation, and just a short 35-minute drive to Newport Beach, Disneyland, and Knott's Berry Farm, adds to its appeal. Don't miss this incredible investment opportunity with potential for significant rental income.
Location
State CA
County Riverside
Area 248 - Corona
Zoning R3
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Exterior Feature Lighting
Garage Door-Multi, Garage, Garage Faces Side
Garage Spaces 4.0
Carport Spaces 4
Garage Description 4.0
Fence Good Condition, Wrought Iron, Wire
Pool None
Community Features Biking, Curbs, Park, Street Lights
Utilities Available Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Clay,Composition,Shingle,Tile
Parking Type Door-Multi, Garage, Garage Faces Side
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Lawn, Landscaped, Street Level, Walkstreet
Faces West
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 117161008
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan
Financing VA
Special Listing Condition Standard
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Bought with Tan Ping Chen • God Blessing Inc.
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