Contact Kim Barron
Contacting Kim Barron
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Request more information
  • MLS#: OC26018477 ( Apartment )
  • Street Address: 929 7th Street
  • Viewed: 4
  • Price: $1,625,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: RIVERSIDE
  • City: Corona
  • Zipcode: 92882
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Christian Christian
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
Request More Information
  • All fields are required.
Features
Additional Parcels Description
  1. 110082013
Association Fee
  1. 0.00
Building Area Total
  1. 5029.00
Carport Spaces
  1. 1.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 2058.00
Entry Location
  1. First level
Fuel Expense
  1. 2060.00
Garage Spaces
  1. 1.00
Heating
  1. Central
Insurance Expense
  1. 11582.00
Laundry Features
  1. Community
Levels
  1. One
Lot Features
  1. Level with Street
Netoperatingincome
  1. 97695.00
Newtaxesexpense
  1. 18276.00
Otherincome1
  1. 2400.00
Parcel Number
  1. 110082012
Pool Features
  1. None
Professionalmanagementexpense
  1. 7797.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455395214:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 58237.00
Trash Expense
  1. 2058.00
Uncovered Spaces
  1. 10.00
Vacancyallowance
  1. 4748
Water Sewer Expense
  1. 2058.00
Water Source
  1. Public
Year Built
  1. 1953
Year Built Source
  1. Assessor