929 W 7th Street, Corona, CA 92882

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Glen Henderson

[email protected] +1(619) 889-7646

$1,625,000

Est. payment - /mo

3 Beds

3 Baths

0.32 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26018477

Bedrooms 3

Lot Size 0.320 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional,Exchange

Property Type Res Income 2-4 Units

Property 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.

Location

State CA

County Riverside

Zoning Assessor

Direction West 7th Street & South Buena Vista Avenue

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 110082012

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Christian Tait Marcus & Millichap RE Invest

Nearby School & Business

SCHOOLS PROPERTIES

Elementary Schools 20

9

Dwight D. Eisenhower Elementary

Public | KG - 6
9

Lincoln Alternative Elementary School

Public | KG - 6
8

Ben Franklin Elementary

Public | KG - 6
8

Norco Elementary

Public | KG - 6
8

Susan B. Anthony Elementary

Public | KG - 6
8

Corona Ranch Elementary

Public | KG - 6
7

Cesar Chavez Academy

Public | KG - 8
7

Vicentia Elementary

Public | KG - 6
7

George Washington Elementary

Public | KG - 6
7

Orange Elementary

Public | KG - 6
7

William McKinley Elementary

Public | KG - 6
6

Foothill Elementary

Public | KG - 6
5

John Adams Elementary

Public | KG - 6
5

Coronita Elementary

Public | KG - 6
5

Jefferson Elementary

Public | KG - 6
5

Garretson Elementary

Public | KG - 6
5

John Stallings Elementary

Public | KG - 6
5

Home Gardens Academy

Public | KG - 8
3

Parkridge Elementary

Public | KG - 6
2

Corona-Norco Alternative

Public | KG - 12

Middle Schools 5

8

El Cerrito Middle

Public | 6 - 8
6

Citrus Hills Intermediate

Public | 7 - 8
6

Corona Fundamental Intermediate School

Public | 6 - 8
4

Auburndale Intermediate

Public | 7 - 8
3

Letha Raney Intermediate

Public | 6 - 8

High Schools 10

9

Santiago High School

Public | 9 - 12
8

John F. Kennedy High School

Public | 10 - 12
8

Centennial High School

Public | 9 - 12
7

Norco High School

Public | 9 - 12
5

Corona High School

Public | 9 - 12
0

Corona Vista High School

Public | 9 - 12
0

Orange Grove High School

Public | 9 - 12
0

Lee V. Pollard High School

Public | 9 - 12
0

Norco Vista High School

Public | 11 - 12
0

Centennial Vista High School

Public | 9 - 12

School and business data provided by Attom Data.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

929 W 7th Street Corona, CA 92882

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information