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1131 Olympic Dr, Corona, CA 92881
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1131 Olympic Dr Corona, CA 92881

$7,772,138
  • -- Beds
  • -- Baths
  • 26,081 Sq.Ft.
For Sale
$7,772,138 Get Pre-Qualified
Map preview of 1131 Olympic Dr, Corona, CA 92881

Property Overview: 1131 Olympic Dr Corona, CA has -- bedrooms, -- bathrooms, 26,081 living square feet and 56,192 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: *This industrial property presents a prime investment opportunity. *A 5.5% Cap Rate is based on the lease rent and reimbursement *5.5% Cap Rate (Pro Forma) *It's fully leased to two tenants, with the current lease expiring on 1/31/2026. Total two units: unit #1 includes both a warehouse and offices, while Unit #2 is solely an office space *Free Standing Building ( There is a gap between the two building walls. no shared wall). *Private Fenced Yard with 6-8 trailer-parking spaces. Total 3 restrooms including 2 restrooms in the warehouse area and 1 restroom in the office area. *Total Office size: 3393 sqft.

Listed by YONG GAO | BRE #01409769 | HEBRON EQUITIES INC.
Last checked: 8 minutes ago | Last updated: January 8th, 2024 | Source CRMLS | DOM: 294
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Home details

Lot Sq. Ft
56,192
HOA Dues
$0/mo
Year built
1990
Garage
--
Property Type:
Industrial
Status
Active
MLS#
WS23154409
City
Corona
County
Riverside
Time on Site
320 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Trash: $3,600
  • Insurance: $12,000

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Property Details for 1131 Olympic Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Exterior Features
Exterior Information
  • Has Fence
  • Chain Link
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 38
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 107160065
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected
Location / Neighborhood
Location Information
  • Directions: 15 freeway exit at Magnolia
View more facts & features

Local Corona Agent

Sale History for 1131 Olympic Dr

Last sold for $3,528,500 on September 22nd, 2017

  • August, 2023

  • Aug 17, 2023

    Date

    Active

    CRMLS: WS23154409

    $8,777,664

    Price

  • September, 2017

  • Sep 22, 2017

    Date

    Sold

    CRMLS: PW17057424

    $3,528,090

    Price

  • Jul 26, 2017

    Date

    Pending

    CRMLS: PW17057424

    $3,850,000

    Price

  • Jun 20, 2017

    Date

    Active Under Contract

    CRMLS: PW17057424

    $3,850,000

    Price

  • Jun 12, 2017

    Date

    Price Change

    CRMLS: PW17057424

    $3,850,000

    Price

  • Apr 7, 2017

    Date

    Active

    CRMLS: PW17057424

    $3,998,000

    Price

  • Listing provided courtesy of CRMLS

    This is absolutely great industry freestanding warehouse. Features: Two dock high doors, two ground level doors. 30 Parking spaces with back fenced yard. It has 24 ft. high ceiling, heavy power (2,000 Amps with 277/480 Volt, 3 phase). Ware house space is apropx. 26,134 sq.ft. & 3,000 sq.ft. of two story office. The subject building is in the City of Corona industrial area, close 91 & 15 freeway.

  • September, 2017

  • Sep 22, 2017

    Date

    Sold (Public Records)

    Public Records

    $3,528,500

    Price

  • October, 2002

  • Oct 16, 2002

    Date

    Sold (Public Records)

    Public Records

    $1,620,500

    Price

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Tax History for 1131 Olympic Dr

Assessed Value (2020): $3,670,623
Year Land Value Improved Value Assessed Value
2020 $877,057 $2,793,566 $3,670,623

Home Value Compared to the Market

This property vs the competition

1131 Olympic Dr is listed 924.15% higher than the median list price for the city of Corona which has a median list price of $758,888. The median price per/sqft for Corona is $395 and this home is listed at $298 per/sqft which puts the price per square foot 24.56% lower than the median price per square foot for the city of Corona.

About 1131 Olympic Dr

Detailed summary of property

1131 Olympic Dr is a industrial located in Corona, CA 92881 and is currently for sale. This industrial property offers -- bedrooms, -- bathrooms, roughly 26,081 living square feet, and sits on an approximately 56,192 square foot lot. 1131 Olympic Dr was first listed on ArdentRealEstateGroup.com on August 18, 2023. The homeowner is currently asking $7,772,138 and was originally asking $8,777,664. The median priced home in Corona is $758,888 with a median price per square foot of $395. Based on Ardent Real Estate Group's Corona Market Data, this home is listed 924.15% higher than the median priced home. While the average home in Corona, CA is selling in 56 days, 1131 Olympic Dr has a days on market of 294 days. There are currently 475 homes for sale in the Corona real estate market and 368 of them are single family homes while 99 of them are condos and 8 are townhomes. For more information on this home for sale at 1131 Olympic Dr Corona, CA 92881 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 1131 Olympic Dr

Public county record property details
Beds
--
Baths
--
Year built
1990
Sq. Ft.
--
Lot Size
56,192
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
2
APN
107-160-065

The source for these homes facts are from public records.

92881 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$905,000
Median List Price/Sq.Ft.
$413
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
56
Median Sale to List Price %
104.38%
Avg Days on Market
19
Loan Type
Conventional (78.57%), FHA (0%), VA (0%), Cash (14.29%), Other (7.14%)

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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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