501 S Victoria Avenue, Corona, CA 92879

$875,000 Asking Price

3 beds
1 bath
1,600  sqft
Built in 1964

Unique opportunity to acquire a property boasting a residential dwelling and a commercial structure! The charming home, constructed in 1947, offers a generous 1600 square feet encompassing 3 bedrooms, a den, living and dining areas, a kitchen, and a spacious bonus room perfect for an office or game space. The fully renovated bathroom features both a tub and a separate shower. Inside, enjoy the enhanced wood laminate and ceramic tile flooring, upgraded dual-paned windows, central air, ceiling fans, and copper plumbing, a year-old roof. The commercial building, built in 1962, has served both office and retail purposes and spans around 1388 square feet of highly practical space. It features an accessible half bathroom compliant with ADA standards. Presently, a dependable long-term tenant who contributes a monthly rental income making this property a lucrative investment opportunity that can assist in mortgage repayments. Adjacent to the office lies a fenced area that can accommodate three onsite parking spaces. Both buildings have been diligently maintained by the original owner throughout the years. Situated close to the Corona Mall, which is undergoing redevelopment by the developer behind the successful Packing House in Anaheim, this property also holds potential for increased value. Located in downtown Corona, transportation is effortless, with the 91 and 15 freeways a mere couple of minutes away.

Features & Amenities

Interior

Laundry:
Gas,Washer Hookup
A/C:
Central Forced Air
Heating:
N/K
Fireplace:
FP in Living Room

Exterior

Pool:
None
Parking:
Parking spaces: 0

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
California Regional MLS
County:
Riverside

Lot

Zoning:
CP, 117155001
View:
Mountains/Hills,Neighborhood

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
California Regional MLS

This listing courtesy of:
Coldwell Banker Alliance RTY, Terri Bush

About Corona, CA

Housing

Number of Units
80,773
Median Home Value
$524,321
Median Rent
$1,655

30.50% of housing units are renter occupied.

2.77% are vacant.

Commute

Car
71.84%
Public Transportation
1.06%
Walk to Work
0.61%
Work from Home
24.79%
Other
1.22%

The median travel time to work is 30 minutes.

People

Population
269,739
Median Age
34.60
Median Household Size
3.58

Education

High School
22.61%
Associate’s Degree
9.05%
Bachelor’s Degree
21.25%
Graduate Degree
9.99%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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