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421 E 5Th St, Corona, CA 92879
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421 E 5Th St Corona, CA 92879

$960,000 Sold Price as of 11/21/2023
  • 5 Beds
  • 4 Baths
  • 2,417 Sq.Ft.
Sold
$960,000 Sold Price as of 11/21/2023 Refinance Your Mortgage
Map preview of 421 E 5Th St, Corona, CA 92879

Property Overview: 421 E 5Th St Corona, CA has 5 bedrooms, 4 bathrooms, 2,417 living square feet and 14,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing a profitable investment opportunity in Corona, California: a fully rented three-unit building with excellent revenue potential. This property is perfect for 1031 exchanges or families seeking for that extra money to help with their mortgage payment. This property boasts a 3-bed, 2-bath house with a 2-car garage, along with a standalone duplex building featuring 1 bed and 1 bath in each unit. With a spacious 14,810 sq ft lot zoned R-3, there is room for expansion, additional units, or an accessory dwelling unit (ADU). The property's strategic location near the 91 and 15 freeways, near esteemed Santiago High School within the Corona-Norco Unified School District, downtown Corona, excellent public transportation, and just a short 35-minute drive to Newport Beach, Disneyland, and Knott's Berry Farm, adds to its appeal. Don't miss this incredible investment opportunity with potential for significant rental income.

Listed by ARMANDO BENITEZ MEDINA | BRE #02026253 | CENTURY 21 REALTY MASTERS
Last checked: 3 minutes ago | Last updated: November 27th, 2023 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
14,810
HOA Dues
$0/mo
Year built
1948
Garage
4 Car
Property Type:
Triplex
Status
Sold
MLS#
MB23147683
City
Corona
County
Riverside
Time on Site
407 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: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,827
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,827
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $3,192
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,500
  • Net Operating Income: $53,250
  • Gross Operating Income: --
  • Vacancy Allowance: $3,120
Annual Expense Breakdown
  • Total Operating Expense: $6,150
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $150
  • New Taxes: $9,600
  • Trash: $0
  • Insurance: $3,000
  • Maintenance: $3,000
  • Water/Sewer: $0

Property Details for 421 E 5Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Garage
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Clay, Composition, Shingle, Tile
  • Lighting
  • Has Fence
  • Good Condition, Wire, Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Garage Faces Side, Garage - Two Door
Lot Information
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Total # of Units: 3
  • Parcel Number: 117161008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Unknown
  • Directions: From the 90 Fwy, exit Main St, south, drive to 6th st, make a right and left on Joy St. to 5th st.
  • Road Frontage Type: Access Road, Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Street Lights
View more facts & features

Local Corona Agent

Sale History for 421 E 5Th St

Last sold for $960,000 on November 21st, 2023

  • November, 2023

  • Nov 21, 2023

    Date

    Sold

    CRMLS: MB23147683

    $960,000

    Price

  • Aug 9, 2023

    Date

    Active

    CRMLS: MB23147683

    $960,000

    Price

  • November, 2004

  • Nov 29, 2004

    Date

    Sold (Public Records)

    Public Records

    $525,000

    Price

Show More

Tax History for 421 E 5Th St

Assessed Value (2020): $514,176
Year Land Value Improved Value Assessed Value
2020 $117,832 $396,344 $514,176

Home Value Compared to the Market

This property vs the competition

421 E 5Th St sold on November 21, 2023 for 30.79% 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 $397.19 per/sqft which puts the price per square foot 2.41% lower than the current median sale per square foot for the city of Corona.

About 421 E 5Th St

Detailed summary of property

421 E 5Th St is a triplex that recently sold in Corona, CA 92879. This triplex offered 5 bedrooms, 4 bathrooms, roughly 2,417 living square feet, and sits on an approximately 14,810 square foot lot. 421 E 5Th St was first listed on ArdentRealEstateGroup.com on August 9, 2023. The homeowner sold the property for $960,000. 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 30.79% higher than the current median priced home. Local homes that are currently for sale include 2411 Angela St, 536 N 1st Ave and 971 5th Ave. While the average home in Corona, CA is selling in 61 days, 421 E 5Th St has a days on market of 46 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 421 E 5Th St Corona, CA 92879 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 421 E 5Th St

Public county record property details
Beds
2
Baths
2
Year built
1956
Sq. Ft.
1,038
Lot Size
14,810
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
1,2
APN
117-161-008

The source for these homes facts are from public records.

92879 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$685,000
Median List Price/Sq.Ft.
$431
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$450
Total Inventory
67
Median Sale to List Price %
98.5%
Avg Days on Market
21
Loan Type
Conventional (55.17%), FHA (13.79%), VA (0%), Cash (24.14%), Other (6.9%)

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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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