Corona Real Estate Search

Corona Multi-Family Properties for Sale

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Newest Corona Multi-Family Homes for Sale

$2,000,000
CV26189840 MLS Active Status
We are pleased to present the The Howard Apartments, a 10-unit multifamily investment property located at 712 S Howard Street in Corona, California. The property is currently operating at approximately a 5.04% cap rate with rents approximately 20% below market, providing investors with an attractive value-add opportunity and potential for future income growth. Effective January 2027, scheduled rent increases across all 10 units will generate an additional $950 per month in rental income, or approximately $11,400 annually. Based on current operating performance, these increases are projected to result in an approximate 5.60% cap rate, with additional rental upside providing the potential for a pro forma cap rate approaching 7.00%. Built in 1963, the two-story property consists of approximately 6,000 square feet on an approximately 7,405-square-foot lot. The unit mix consists entirely of 10 one-bedroom / one-bathroom units averaging approximately 600 square feet each. Current ownership has completed several capital improvements, including the refurbishment of six units, installation of tile showers in seven units, copper water line repiping approximately 10 years ago, and roof replacement approximately six to seven years ago. Most water heaters have also been replaced, and electric heaters were installed approximately five to seven years ago. Additional features include ample tenant parking and an on-site laundry room. The property is all-electric with no gas service. The property benefits from a central Corona location with convenient access to employment, shopping, dining, transportation, and everyday amenities. Nearby State Route 91 and Interstate 15 provide connectivity throughout the Inland Empire, Orange County, and the greater Southern California region. Please do not disturb tenants, walk the property, or contact anyone at the property. Interior inspections will be conducted only upon an accepted offer.

712 S Howard, Corona

$600,000
OC26172827 MLS Active Status
Welcome to this well-located Corona duplex offering an excellent opportunity for investors seeking an income-producing property with long-term potential. Situated on a spacious approximately 9,583 sq. ft. lot, this property features two separate 2-bedroom units with approximately 1,380 sq. ft. of total living space. Both units are currently tenant-occupied, and the property is being sold with the existing tenants in place, providing the new owner with established rental income from the start of ownership. The property has benefited from several significant improvements, including new HVAC installed in 2024, a newer roof, new windows, and an upgraded electrical system—valuable improvements that enhance the property's overall appeal and help position it for continued long-term ownership. The generous lot provides additional outdoor space and potential flexibility for the future. Buyers are encouraged to independently investigate and verify any possibilities for expansion, improvements, additional units, or ADU development with the appropriate governmental authorities. Conveniently located in Corona with access to shopping, dining, schools, services, and major commuter routes, including nearby freeway access, this duplex combines an established location with existing income and future potential. TWO 2-BEDROOM UNITS | APPROX. 1,380 TOTAL SQ. FT. | APPROX. 9,583 SQ. FT. LOT | NEW HVAC 2024 | NEWER ROOF | NEW WINDOWS | UPGRADED ELECTRICAL | TENANT OCCUPIED | EXISTING RENTAL INCOME A great opportunity to acquire a tenant-occupied duplex on a large lot in Corona with substantial property improvements and long-term investment potential. Don't miss this opportunity!

4120 S Neece, Corona

$624,900
OC26169130 MLS Active Status
***BANKRUPTCY FEDERAL COURT SALE - NO BANK INVOLVED***ESCROW APPROXIMATELY 60-Days*** **Investment Opportunity – Charming Duplex in the Heart of Corona** Discover the perfect blend of investment potential and owner-occupant flexibility with this well-maintained duplex located at **1106 S Belle Ave** and **1106 1/2 S Belle Ave, Corona**. Situated on a generous approximately **7,841 sq. ft. lot**, this unique property features **two detached residences**, providing privacy and independent outdoor living spaces for each unit. The front residence offers a spacious **2-bedroom, 1-bath** floor plan with warm wood flooring, a welcoming living room with fireplace, recessed lighting, an updated bathroom, and a generously sized kitchen. The rear residence is a **1-bedroom, 1-bath** home, ideal for rental income, extended family, or guests. Each unit enjoys its own private yard, creating a comfortable and functional living environment. Recent improvements include updated air conditioning systems, while ample off-street parking—including a carport and additional parking spaces—adds exceptional convenience. Conveniently located near Downtown Corona, shopping, restaurants, schools, parks, and with easy access to the 91 Freeway, this property presents an outstanding opportunity for investors seeking steady rental income or homeowners looking to offset their mortgage by living in one unit while renting the other. With separate living areas, strong rental appeal, and a prime central location, this duplex is a rare find with tremendous upside potential.

1106 S BELLE, Corona

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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.