$2,725,000
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0.5 Acres Lot
SOLD DATE : 06/27/2016
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP15224375
Sold Date 06/27/16
HOA Y/N No
Year Built 1991
Lot Size 0.500 Acres
Property Description
Built in 1991 with pitched roofs, the subject property features six 3 bedroom 2 baths; two 2 bedroom 2 baths; two 2 bedroom 1.5 baths and four 1 bedroom 1 bath apartment homes. Tenant amenities include individual water heaters, central air-conditioning and heat, washer & dryer connections for tenants, enclosed garages, patios, balconies, fireplaces and a central common area. The superior amenities attract long-term tenants; produce solid rents, and occupancy. Good location within a quiet residential neighborhood; one block from City Hall, the Corona Regional Medical Center, and walking distance to the Public Library. Bordering the city of Yorba Linda and Anaheim Hills, Corona has become a suburb to Orange County with continuous economic growth over the years. An industrial infrastructure has played an important role in the growth of the city and its employee base giving apartment owners a strong tenant pool to draw from. This opportunity is an ideal investment for an investor looking for a newer built apartment building with condo type amenities and stable cash flow from long-term tenants.
Location
State CA
County Riverside
Area 248 - Corona
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Garage Spaces 11.0
Garage Description 11.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 37
Private Pool No
Building
Lot Description Corner Lot
Water Public
Others
Senior Community No
Tax ID 117172007
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Ignacio Diaz Jr. • Investment Capital Real Estate