Corona, CA 92878,939 N Vicentia AVE
Corona, CA 92878,939 N Vicentia AVE
Corona, CA 92878,939 N Vicentia AVE
Corona, CA 92878,939 N Vicentia AVE
Corona, CA 92878,939 N Vicentia AVE
Corona, CA 92878,939 N Vicentia AVE
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$768,000

$799,000

3.9%
Est.Price: ?

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Est. payment /mo

8,276 Sqft Lot


SOLD DATE : 02/11/2021

Key Details

Sold Price $768,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IG20223105

Sold Date 02/11/21

HOA Y/N No

Year Built 1960

Lot Size 8,276 Sqft

Property Description

100% Occupied Fourplex with Below market rents and all tenants paying! Rare chance to buy a Fourplex asset in a prime location close Metro at Main, Starbucks and North Main Metrolink! These townhouse style units all feature 2 bedrooms and 1 bath upstairs and a 1/2 bath downstairs. All units are Occupied and all tenants are paying their Full Rent. Phenomenal 5.8 CAP Rate with the ability to further value add. There is also a laundry room that could bring even more income. This is the type of asset you put in a Trust for your children or add to your portfolio. High demand rental area virtually no vacancy. The building has very low operating costs. All units are individually metered for gas and electricity, owner pays water and trash. All tenants have always paid cash. All units have a backyard area and each have a shared garage space for 1 car. Longterm tenants that wish to stay will provide cashflow, depreciation, loan pay down and building appreciation. Below market rents, but for those looking for a repositioning opportunity, this asset offers a big upside in rental income. All buyers Must drive by the property first before making an offer.

Location

State CA

County Riverside

Area 248 - Corona

Zoning R3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Outside, See Remarks

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Suburban

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 119084001

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash to Loan

Special Listing Condition Standard

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Justin & Jessica Bouzane

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California Regional MLS (CRMLS)
Listed by Joseph Orozco • Keller Williams Realty
Bought with Joseph Orozco • Keller Williams Realty

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agent
Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

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