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893 Rimpau Ave, Corona, CA 92879
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893 Rimpau Ave Corona, CA 92879

$3,325,000 Sold Price as of 07/18/2019
  • 26 Beds
  • 19 Baths
  • 13,880 Sq.Ft.
Sold
$3,325,000 Sold Price as of 07/18/2019 Refinance Your Mortgage
Map preview of 893 Rimpau Ave, Corona, CA 92879

Property Overview: 893 Rimpau Ave Corona, CA has 26 bedrooms, 19 bathrooms, 13,880 living square feet and 30,364 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The apartment complex is comprised of 3 buildings on two parcels. The front two buildings at 893-897 Rimpau Ave. make up 12 units. These two front buildings were built in 1960 and have tuck under parking in the rear. The building in the rear at 1140 Circle City Dr. was built in 1992 and make up the remainder of the 7 units. The units in the rear have car ports and or open parking spaces. There is on-site laundry and courtyard in the front. This property is not subject to rent control and has considerable upside.

Listed by Ken Ishiki | BRE #01438720 | Re/Max Premier Realty
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 74

Home details

Lot Sq. Ft
30,364
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
OC19041203
City
Corona
County
Riverside
Time on Site
1399 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 19
  • Total # of Buildings: 3
  • # of Electric Meters: 20
  • # of Gas Meters: 20
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $12,175
  • Total Rent: $12,175
  • Pro Forma/Market Rent: $15,000
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,875
  • Total Rent: $8,875
  • Pro Forma/Market Rent: $9,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $262,800
  • Net Operating Income: $160,207
  • Gross Operating Income: --
  • Laundry Income: $4,800
  • Other Income 1: $5,400
  • Other Income Description: park spaces
Annual Expense Breakdown
  • Total Operating Expense: $94,709
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $41,040
  • Trash: $0
  • Insurance: $2,947
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 893 Rimpau Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Carport, Attached Carport
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 19
  • Parcel Number: 111270014
  • Year Built Source: Other
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South on the 15 fwy. exit right on Magnolia Ave. and turn right on Rimpau Ave.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Corona Agent

Sale History for 893 Rimpau Ave

Last sold for $3,285,000 on July 18th, 2019

  • July, 2019

  • Jul 19, 2019

    Date

    Sold

    CRMLS: OC19041203

    $3,325,000

    Price

  • May 8, 2019

    Date

    Active Under Contract

    CRMLS: OC19041203

    $3,420,000

    Price

  • Mar 19, 2019

    Date

    Price Change

    CRMLS: OC19041203

    $3,420,000

    Price

  • Feb 22, 2019

    Date

    Active

    CRMLS: OC19041203

    $3,610,000

    Price

  • July, 2019

  • Jul 18, 2019

    Date

    Sold (Public Records)

    Public Records

    $3,285,000

    Price

  • June, 2001

  • Jun 22, 2001

    Date

    Sold (Public Records)

    Public Records

    $864,000

    Price

Show More

Tax History for 893 Rimpau Ave

Assessed Value (2020): $985,000
Year Land Value Improved Value Assessed Value
2020 $165,000 $820,000 $985,000

Home Value Compared to the Market

This property vs the competition

893 Rimpau Ave sold on July 18, 2019 for 344.16% 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 $246.4 per/sqft which puts the price per square foot 33.59% lower than the current median sale per square foot for the city of Corona.

About 893 Rimpau Ave

Detailed summary of property

893 Rimpau Ave is a multi family that recently sold in Corona, CA 92879. This multi family property offered 26 bedrooms, 19 bathrooms, roughly 13,880 living square feet, and sits on an approximately 30,364 square foot lot. 893 Rimpau Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,325,000. 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 344.16% higher than the current median priced home. Local homes that are currently for sale include 363 Cleo St, 236 E 48th St and 368 Oak St. While the average home in Corona, CA is selling in 54 days, 893 Rimpau Ave has a days on market of 74 days. There are currently 462 homes for sale in the Corona real estate market and 364 of them are single family homes while 90 of them are condos and 8 are townhomes. For more information on this home for sale at 893 Rimpau Ave Corona, CA 92879 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 893 Rimpau Ave

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
--
Lot Size
7,840
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
19
APN
111-270-014

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
$729,500
Median List Price/Sq.Ft.
$425
Median Sold Price
$625,000
Median Sold Price/Sq.Ft.
$382
Total Inventory
56
Median Sale to List Price %
104.17%
Avg Days on Market
38
Loan Type
Conventional (62.5%), FHA (8.33%), VA (4.17%), Cash (16.67%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 893 Rimpau Ave

1123 Circle City Dr, Corona, CA 92879
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802 Pine St, Corona, CA 92879
$600,000 Last Sold Price
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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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