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404 Sierra Vista St, Corona, CA 92882
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404 Sierra Vista St Corona, CA 92882

$10,400,000 Sold Price as of 05/03/2019
  • 104 Beds
  • 52 Baths
  • 37,180 Sq.Ft.
Sold
$10,400,000 Sold Price as of 05/03/2019 Refinance Your Mortgage
Map preview of 404 Sierra Vista St, Corona, CA 92882

Property Overview: 404 Sierra Vista St Corona, CA has 104 bedrooms, 52 bathrooms, 37,180 living square feet and 84,942 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to purchase an impressive 52-unit apartment complex in the city of Corona. Situated on 1.95 acres, the 4 buildings total 37,180 square feet and consist exclusively of 2 bedroom floor plans. First floor units enjoy private patios while second story units have balconies. Property amenities include pool, on-site laundry , carport & uncovered parking and large recreational area in the rear of the property. Over $600,000 spent on upgrades, improvements and repairs over the last 2 years!

Listed by Tom Williams | BRE #00766458 | Windsor Inv., Inc.
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
84,942
HOA Dues
$0/mo
Year built
1986
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW19068180
City
Corona
County
Riverside
Time on Site
1520 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 52
  • Total # of Buildings: 4
  • # of Leased Units: 52
  • # of Electric Meters: 54
  • # of Gas Meters: 1
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 39
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $44,850
  • Pro Forma/Market Rent: $50,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,195
  • Total Rent: $1,195
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 11
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $14,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $821,658
  • Net Operating Income: $435,605
  • Gross Operating Income: $805,225
  • Vacancy Allowance: $16,433
  • Laundry Income: $10,458
Annual Expense Breakdown
  • Total Operating Expense: $369,620
  • Electric: $7,200
  • Gas/Fuel: $2,865
  • Licenses: $266
  • New Taxes: $109,000
  • Trash: $30,804
  • Gardener: $15,000
  • Insurance: $13,800
  • Maintenance: $72,470
  • Workman's Comp: $5,000
  • Professional Management: $32,200
  • Water/Sewer: $46,000
  • Other Expenses: $30,000
  • Other Expense Description: Manager

Property Details for 404 Sierra Vista St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Room Information
  • Flooring: Carpet, Tile, Vinyl
Kitchen Information
  • Has Appliances
  • Electric Oven, Electric Cooktop
Interior Features
  • Cathedral Ceiling(s)
  • Security Features: Resident Manager, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block, Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: Community, Heated, Gas Heat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 103
Lot Information
  • Lot Features: 26-30 Units/Acre, Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 52
  • Parcel Number: 118270012
  • Year Built Source: Appraiser
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 91 Freeway and Lincoln
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Corona Agent

Sale History for 404 Sierra Vista St

Last sold for $10,400,000 on May 3rd, 2019

  • May, 2019

  • May 3, 2019

    Date

    Sold

    CRMLS: PW19068180

    $10,400,000

    Price

  • Apr 27, 2019

    Date

    Pending

    CRMLS: PW19068180

    $10,900,000

    Price

  • Apr 3, 2019

    Date

    Active Under Contract

    CRMLS: PW19068180

    $10,900,000

    Price

  • Mar 28, 2019

    Date

    Active

    CRMLS: PW19068180

    $10,900,000

    Price

  • May, 2019

  • May 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $10,400,000

    Price

  • July, 2013

  • Jul 16, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 404 Sierra Vista St

Assessed Value (2020): $10,608,000
Year Land Value Improved Value Assessed Value
2020 $1,530,000 $9,078,000 $10,608,000

Home Value Compared to the Market

This property vs the competition

404 Sierra Vista St sold on May 3, 2019 for 1385.01% higher than the current median sold price for the city of Corona which is $734,000. The median sold price per/sqft for Corona is $407 and this home is sold at $293.17 per/sqft which puts the price per square foot 27.97% lower than the current median sale per square foot for the city of Corona.

About 404 Sierra Vista St

Detailed summary of property

404 Sierra Vista St is a multi family that recently sold in Corona, CA 92882. This multi family property offered 104 bedrooms, 52 bathrooms, roughly 37,180 living square feet, and sits on an approximately 84,942 square foot lot. 404 Sierra Vista St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $10,400,000. Home in Corona are selling for a median price of $734,000 and a median price per square foot of $407. Based on Ardent Real Estate Group's Corona Market Data, this home is sold 1385.01% higher than the current median priced home. Local homes that are currently for sale include 4085 W 7th St, 5026 Rosewood Ave and 3524 Chesapeake Ave. While the average home in Corona, CA is selling in 61 days, 404 Sierra Vista St has a days on market of 7 days. There are currently 537 homes for sale in the Corona real estate market and 454 of them are single family homes while 79 of them are condos and 4 are townhomes. For more information on this home for sale at 404 Sierra Vista 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 404 Sierra Vista St

Public county record property details
Beds
--
Baths
--
Year built
1987
Sq. Ft.
--
Lot Size
84,942
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
118-270-012

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
$794,000
Median List Price/Sq.Ft.
$428
Median Sold Price
$761,000
Median Sold Price/Sq.Ft.
$424
Total Inventory
118
Median Sale to List Price %
101.47%
Avg Days on Market
28
Loan Type
Conventional (56.82%), FHA (11.36%), VA (2.27%), Cash (18.18%), Other (11.36%)

Thinking of Selling?

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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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