1240 E Street

Corona, CA 92882

$1,295,000
Price
12
Beds
6
Baths
900 Sq. Ft.
$1,439 / Sq. Ft.
900
Sq. Ft.
$1,439
per Sq. Ft.

Description

3 units with $8200 a month income - be cash flow positive with this amazing remodeled property. Two buildings - one main house with 5 bed/ 2 baths, second building is a duplex with 4 beds/ 2 baths and 3 bed/ 2 baths. Convenient to freeway/ shopping. Drive by only please - offers subject to interior inspection.3 units with $8200 a month income - be cash flow positive with this amazing remodeled property. Two buildings - one main house with 5 bed/ 2 baths, second building is a duplex with 4 beds/ 2 baths and 3 bed/ 2 baths. Convenient to freeway/ shopping. Drive by only please - offers subject to interior inspection.

Listing Agent

  1. Victor Nissani

    Victor Nissani

    Listing Agent

    Compass

    DRE #01412328

Property Details for 1240 E Street

Parcel Number
118124008
Total Units
3.0
Living Area
900
Source Living Area
Vendor Enhanced
Area
Corona (248)
Vacancy Rate
0
Lot Size Area
6970
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 11/10/2024 12:01 AM

Property Details for 1240 E Street

StatusActive
MLS #24-459515
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2006
Lot Size0.16 AC / 6,970 SF
CountyRiverside County

Building Information for 1240 E Street

Stories1Year Built2006Building Size-Lot Size0.16 AC / 6,970 SF

Property Information for 1240 E Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 3 units
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $98,400
  • Net Operating Income: $98,400.00
  • Gross Income: $98,400
  • Cap Rate: 12.70%
  • Gross Rent Multiplier: $12.70
  • Actual Annual Gross Rent: $98,400.00
  • Actual Rent Total: $98,400.00
  • Owner Pays: Water
  • Total Annual Expense: 14000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.16
  • Lot Size Square Feet: 6970
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 0
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other, Air Conditioning
  • Heating: Forced Air
  • Heating Type: Other, Forced Air
  • Equipment: Built-Ins
  • Cooking Appliances: Electric
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-02-2024
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 5
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $676,260.00
  • Assessed Improvement Percent: 68.42
  • Assessed Land Value: $312,120.00
  • Assessed Land Percent: 31.58
  • Assessed Total Value: $988,380.00

Property History for 1240 E Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1240 E Street

Taxable ValueLand$312,120Additions$676,260Total$988,380
Tax Record2024$10,959 ($913 / month)
Home Facts
Total Finished SqFt900 SqFtAbove Grade Finished SqFt900 SqFtStories1Lot Size6,969 SqFtStyleMobile / Manufactured HomeYear Built2006Year Renovated2021ZoningR3CountyRIVERSIDEAPN118-124-008

Schools near 1240 E Street

This home is within Corona-Norco Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Adams Elementary School
PublicK to 6

Letha Raney Intermediate School
Public6 to 8

Corona High School
Public9 to 12

Corona Vista High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1240 E Street is a multi-family home for sale in Corona, CA 92882. This property was listed for sale on November 2, 2024 by Compass, it's currently listed at $1,295,000. It has been on the market for a total of 13 days and was last sold on October 25, 2021. This listing's school district is Corona-Norco Unified School District. Nearby schools include John Adams Elementary School, Letha Raney Intermediate School and Corona High School. 1240 E Street is a 12-bed, 6-bath, 900 sqft multi-family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Victor Nissani, DRE #01412328

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.