REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,125,000
Est. payment | /mo
11 Beds
9 Baths
7,405 Sqft Lot
$ 2,125,000
Est. payment | /mo
11 Beds
9 Baths
7,405 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26208059
Bedrooms 11
Lot Size 7,405 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
801 S. Merrill Street is a nine-unit, two-story multifamily building in Downtown / Central Corona. Built in 1964, the property offers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units of approximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room for improvement. Market rents run approximately $1,800$1,950 for the one-bedrooms and $2,100$2,250 for the two bedrooms. Units feature open living/kitchen layouts and wall A/C, with common-area laundry, eight covered and two uncovered parking spaces, and plenty of street parking nearby. The building sits in a walkable downtown grid (Walk Score 81) south of Sixth Street and inside the historic Grand Boulevard circle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drive north via Main Street. North Main Metrolink is about one mile away. This is a value-add opportunity. With in-place rents averaging $1,639 on the one-bedrooms and $1,971 on the twobedrooms, a buyer can complete the interior program on the remaining units and move rents toward market. Downtown Corona remains a city revitalization target, which supports long-term location quality.
Location
State CA
County Riverside
Zoning Other
Direction Off of 8th and Merrill in Corona, CA 92882.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 117212001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by James Wardlaw, DRE#02061381 Sperry Commercial
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty