Corona, CA 92882,523 W 7th ST

$2,725,000

Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Ignacio Diaz Jr. • Investment Capital Real Estat
Bought with Ignacio Diaz Jr. • Investment Capital Real Estate
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+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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