1426 W 6Th St Corona, CA 92882

$1,122,500 Sold Price as of 02/08/2019

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,122,500 Sold Price as of 02/08/2019 Refinance Your Mortgage

Map preview of 1426 W 6Th St, Corona, CA 92882

Property Overview: 1426 W 6Th St Corona, CA has -- bedrooms, -- bathrooms, -- living square feet and 871 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1426 W 6Th St is currently an off market home in the city of Corona. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Corona has a median list price of $769,000. The median price per/sqft for Corona is $396. With those numbers in mind, if you are looking to purchase a median priced home in Corona, CA and put 20% down you will need to save up $153,800 for the down payment and will need roughly $15,380 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Corona the commission could be as much as $38,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1426 W 6Th St

Last sold for $1,122,500 on February 8th, 2019

January, 2020
Jan 1, 2020

Date

Expired

CRMLS: SR19221699

$1,730,000

Price
Oct 28, 2019

Date

Withdrawn

CRMLS: SR19221699

$1,730,000

Price
Sep 17, 2019

Date

Active

CRMLS: SR19221699

$1,730,000

Price
Listing provided courtesy of CRMLS

93.8% Occupied 12,230 SF 2-story multi-tenant 18-unit office building built in 1969 with eye-catching monument signage adjacent to a large & very busy retail center with ample parking. Awesome potential for Investor at only $140/SF! Current owner recently purchased to stabilize & sell as turnkey investment. Seller is willing to carry 1st TD mortgage note with 35%-50% down payment at 5%-6% interest-only for a 3 to 5 year term. This property was once appraised for $1,600,000 in 2006! Please see Cap Rate Analysis supplement for current vs. pro forma rent & expense expectations with a target Cap Rate of 7.17% at list price upon completion of stabilization. Only 1 vacancy of approximately 761 square feet offered at $1.10/SF Modified Gross with utilities expense passthroughs & CAM charge of approx. $0.10/SF & $0.18/SF = $1.38/SF Full-Service Gross equivalent. Prior owner was absentee & new owner is putting in proper management & maintenance to achieve maximum resale value. See attached example of an Offer currently being discussed (as of 9/15/19) after a recent buyer showing & resulting 7.9% Cap Rate / 12.4% Cash-on-Cash Return that it could provide! *Listing Agent is offering a concession of prepaying 6 months of professional property management services with Martin & Associates in addition to providing free leasing services & 30-45 day guaranteed turnaround on any vacancies to achieve full occupancy immediately upon close of escrow!

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February, 2019
Feb 8, 2019

Date

Sold (Public Records)

Public Records

$1,122,500

Price
February, 2014
Feb 18, 2014

Date

Sold (Public Records)

Public Records

$651,500

Price

Tax History for 1426 W 6Th St

Assessed Value (2020): $1,134,750

Year	Land Value	Improved Value	Assessed Value
2020	$275,400	$859,350	$1,134,750

About 1426 W 6Th St

Detailed summary of property

1426 W 6Th St is categorized with a use code of Commercial (General) in Corona, CA 92882 and last sold on February 8, 2019 for $1,122,500. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 871 square foot lot. Homes 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 45.78% higher than the current median priced home. 1426 W 6Th St was last sold on February 8, 2019 for $1,122,500. Local nearby listings include 2186 Ridgeview Terrace, 991 Horatio Ave and 919 Washburn Ave. The average home in Corona, CA is selling in 53 days. There are currently 456 homes for sale in the Corona real estate market and 360 of them are single family homes while 88 of them are condos and 8 are townhomes. If you are the homeowner and looking to sell the home at 1426 W 6Th St Corona, CA 92882 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 1426 W 6Th St

Public county record property details

Beds: --
Baths: --
Year built: 1972
Sq. Ft.: --
Lot Size: 871
Stories: 2

Type: Commercial (General)
Pool: No
Spa: No
County: Riverside
Lot#: 4
APN: 110-020-020

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

$779,000

Median List Price/Sq.Ft.

$443

Median Sold Price

$770,000

Median Sold Price/Sq.Ft.

$416

Total Inventory

Median Sale to List Price %

102.67%

Avg Days on Market

Loan Type

Conventional (62.86%), FHA (5.71%), VA (11.43%), Cash (8.57%), Other (11.43%)

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