1106 E 7th, Corona, CA 92879

$1,250,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,250,000
Price Change
▲ $50,000 1782519566
Status
ACTIVE
MLS#
RS26130094
Year Built
1964
Lot Size
7,841
Acres
0.18
Lot Location
2-5 Units/Acre
Days on Market
42
Property Type
Multifamily
Property Sub Type
Triplex
Stories
One Level
Neighborhood
00

Property Description

******Investor & Developer Opportunity***** 3 Units! 3 Bedroom one bath Each + an adjacent lot that you can build additional 6 units, Exceptional opportunity to acquire an income-producing triplex together with the adjacent lot, both being sold as one package. The sale includes the neighboring parcel (APN ending in 012), creating a rare value-add and development opportunity in a growing area of Corona. The existing triplex generates immediate rental income while the additional lot offers significant upside potential for future development. Ideal for investors seeking cash flow today and expansion opportunities tomorrow. Potential for additional units or redevelopment opportunities (buyer to verify all development possibilities, zoning, density, and land use with the City of Corona). Conveniently located near shopping, schools, parks, and major transportation corridors. Whether you’re looking to expand your portfolio, develop additional housing, or secure a prime investment property with future growth potential, this is a unique opportunity you won’t want to miss. Sale includes adjacent vacant lot APN ending in 012. Properties to be sold together. Buyer to independently verify all information, zoning, permits, development potential, and intended use with the City of Corona.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$82,656
Operating Expense
5000

Listing courtesy of Listing Agent: Claudia Stackle (claudiastackle@yahoo.com) from Listing Office: Home Key Realty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.