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929-933 W 7th St
Corona, CA 92882 Corona

$1,625,000 USD

Apartments For Sale  •  5,029 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,029 SF
  • Lot Size 0.33 AC
  • Building Class C
  • Year Built 1935
  • Cap Rate 6.01 %
35 Transit Score
83 Walk Score

Highlights

A unique opportunity to acquire a 7-unit apartment community situated on two neighboring parcels.
The property is comprised entirely of single-story units, an increasingly rare construction style.
Featuring a high-demand mix heavily weighted toward 2-bedroom units (5 of 7), the property is offered just above a 6 CAP on current rents.
Located within walking distance of Corona City Hall and the OBC Theater.
Positioned 0.25 miles from two retail centers anchored by Superior Grocers and Cardenas Markets.
Located less than 0.5 miles from Jefferson Elementary School and Corona High School.

Financial Summary (Actual)

Net Operating Income: $97,695 USD (2025)
Cap Rate: 6.01 %
Total Expenses: $58,237 USD

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
North Main Corona (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink)) 4 min - 1.5 mi
West Corona (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink)) 6 min - 2.6 mi
AirportDriveWalkDistance
Ontario International 24 min - 16.9 mi
John Wayne/Orange County 35 min - 27.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap