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1009 Washburn Ave, Corona, CA 92882
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1009 Washburn Ave Corona, CA 92882

$785,000 Sold Price as of 04/26/2023
  • 4 Beds
  • 3 Baths
  • 2,200 Sq.Ft.
Sold
$785,000 Sold Price as of 04/26/2023 Refinance Your Mortgage
Map preview of 1009 Washburn Ave, Corona, CA 92882

Property Overview: 1009 Washburn Ave Corona, CA has 4 bedrooms, 3 bathrooms, 2,200 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1009 S Washburn Avenue is a rare single story multifamily investment opportunity. Built in 1950, the property is situated on a ±7,405 square foot lot with a total building size of ±2,200 square feet. The property offers an excellent unit mix including a spacious two-bedroom/one-bathroom house located at the front of the property with two one-bedroom/one-bathroom apartment units located at the rear of the property. Units feature tile flooring, wall air conditioning and heating, and ceiling fans. Kitchens are equipped with gas oven/stoves combination units, deep kitchen sinks, and wood cabinetry. Each unit includes a private patio/yard, outside storage, and a covered off-street parking space. 1009 S Washburn Avenue is located south of the 91 Freeway and West of the 15 freeway in the highly sought-after downtown Corona neighborhood knows as “The Circle”. It is located approximately one block south from Corona Regional Medical Center and offers walkable access to many parks, shops, and restaurants. The highly convenient location offers easy access to the 91 freeway and is located near several elementary, middle, and high schools. The area also offers convenient access to Norco College, La Sierra University, Galleria at Tyler, UC Riverside and Cal Baptist University as well as beach cities using the 91 and 15 freeways.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 9 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 154

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1950
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
CV22232874
City
Corona
County
Riverside
Time on Site
553 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.55%
  • Gross Rent Multiplier: 16.57
  • Gross Scheduled Income: $49,800
  • Net Operating Income: $29,280
  • Gross Operating Income: $47,310
  • Vacancy Allowance: $2,490
Annual Expense Breakdown
  • Total Operating Expense: $18,030
  • New Taxes: $9,929
  • Trash: $845
  • Gardener: $1,200
  • Insurance: $900
  • Maintenance: $2,250
  • Water/Sewer: $2,305
  • Other Expenses: $600
  • Other Expense Description: Reserves

Property Details for 1009 Washburn Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 117254009
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: SOUTH RIVERSIDE TOWNSITE
  • Directions: Take I-10 E, Take I-15 S to N Main St in Corona. Take exit 96A from I-15 S, Continue on N Main St. Drive to S Washburn Ave.
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Corona Agent

Sale History for 1009 Washburn Ave

Last sold for $785,000 on April 26th, 2023

  • April, 2023

  • Apr 26, 2023

    Date

    Sold

    CRMLS: CV22232874

    $785,000

    Price

  • Oct 31, 2022

    Date

    Active

    CRMLS: CV22232874

    $900,000

    Price

  • July, 1994

  • Jul 31, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1009 Washburn Ave

Assessed Value (2020): $56,103
Year Land Value Improved Value Assessed Value
2020 $31,529 $24,574 $56,103

Home Value Compared to the Market

This property vs the competition

1009 Washburn Ave sold on April 26, 2023 for 7.14% higher than the current median sold price for the city of Corona which is $770,000. The median sold price per/sqft for Corona is $371 and this home is sold at $375 per/sqft which puts the price per square foot 1.08% higher than the current median sale per square foot for the city of Corona.

About 1009 Washburn Ave

Detailed summary of property

1009 Washburn Ave is a triplex that recently sold in Corona, CA 92882. This triplex offered 4 bedrooms, 3 bathrooms, roughly 2,200 living square feet, and sits on an approximately 7,405 square foot lot. 1009 Washburn Ave was first listed on ArdentRealEstateGroup.com on November 1, 2022. The homeowner sold the property for $785,000. Home in Corona are selling for a median price of $770,000 and a median price per square foot of $371. Based on Ardent Real Estate Group's Corona Market Data, this home is sold 7.14% higher than the current median priced home. Local homes that are currently for sale include 552 Linden St, 645 N Towne Ave and 8546 Bennett Ave. While the average home in Corona, CA is selling in 53 days, 1009 Washburn Ave has a days on market of 154 days. There are currently 457 homes for sale in the Corona real estate market and 364 of them are single family homes while 86 of them are condos and 7 are townhomes. For more information on this home for sale at 1009 Washburn Ave Corona, CA 92882 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 1009 Washburn Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
7,405
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
15
APN
117-254-009

The source for these homes facts are from public records.

92882 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$798,000
Median List Price/Sq.Ft.
$437
Median Sold Price
$770,000
Median Sold Price/Sq.Ft.
$416
Total Inventory
92
Median Sale to List Price %
102.67%
Avg Days on Market
21
Loan Type
Conventional (62.86%), FHA (5.71%), VA (11.43%), Cash (8.57%), Other (11.43%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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