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939 N Vicentia Ave, Corona, CA 92878
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939 N Vicentia Ave Corona, CA 92878

$768,000 Sold Price as of 02/11/2021
  • 8 Beds
  • 8 Baths
  • 4,288 Sq.Ft.
Sold
$768,000 Sold Price as of 02/11/2021 Refinance Your Mortgage
Map preview of 939 N Vicentia Ave, Corona, CA 92878

Property Overview: 939 N Vicentia Ave Corona, CA has 8 bedrooms, 8 bathrooms, 4,288 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 100% Occupied Fourplex with Below market rents and all tenants paying! Rare chance to buy a Fourplex asset in a prime location close Metro at Main, Starbucks and North Main Metrolink! These townhouse style units all feature 2 bedrooms and 1 bath upstairs and a 1/2 bath downstairs. All units are Occupied and all tenants are paying their Full Rent. Phenomenal 5.8 CAP Rate with the ability to further value add. There is also a laundry room that could bring even more income. This is the type of asset you put in a Trust for your children or add to your portfolio. High demand rental area virtually no vacancy. The building has very low operating costs. All units are individually metered for gas and electricity, owner pays water and trash. All tenants have always paid cash. All units have a backyard area and each have a shared garage space for 1 car. Longterm tenants that wish to stay will provide cashflow, depreciation, loan pay down and building appreciation. Below market rents, but for those looking for a repositioning opportunity, this asset offers a big upside in rental income. All buyers Must drive by the property first before making an offer.

Listed by Joseph Orozco | BRE #01305877 | Keller Williams Realty
Last checked: 49 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1960
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
IG20223105
City
Corona
County
Riverside
Time on Site
1094 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,275
  • Total Rent: $1,275
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,325
  • Total Rent: $1,325
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,100
  • Net Operating Income: $46,285
  • Gross Operating Income: $62,100
  • Other Income Description: Value Add Laundry Income!
Annual Expense Breakdown
  • Total Operating Expense: $15,815
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,875
  • Trash: $2,400
  • Insurance: $1,300
  • Water/Sewer: $3,240

Property Details for 939 N Vicentia Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Outside, See Remarks
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 119084001
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off the 15 freeway exit Main>River>Cota>Penrose
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Corona Agent

Sale History for 939 N Vicentia Ave

Last sold for $768,000 on February 11th, 2021

  • February, 2021

  • Feb 11, 2021

    Date

    Sold

    CRMLS: IG20223105

    $768,000

    Price

  • Dec 18, 2020

    Date

    Pending

    CRMLS: IG20223105

    $799,000

    Price

  • Dec 16, 2020

    Date

    Hold

    CRMLS: IG20223105

    $799,000

    Price

  • Nov 28, 2020

    Date

    Pending

    CRMLS: IG20223105

    $799,000

    Price

  • Nov 13, 2020

    Date

    Price Change

    CRMLS: IG20223105

    $799,000

    Price

  • Nov 13, 2020

    Date

    Active

    CRMLS: IG20223105

    $795,000

    Price

  • Nov 8, 2020

    Date

    Hold

    CRMLS: IG20223105

    $795,000

    Price

  • Oct 27, 2020

    Date

    Pending

    CRMLS: IG20223105

    $795,000

    Price

  • Oct 24, 2020

    Date

    Active

    CRMLS: IG20223105

    $795,000

    Price

  • February, 2021

  • Feb 10, 2021

    Date

    Sold (Public Records)

    Public Records

    $768,000

    Price

  • June, 2011

  • Jun 23, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 939 N Vicentia Ave

Assessed Value (2020): $474,438
Year Land Value Improved Value Assessed Value
2020 $137,762 $336,676 $474,438

Home Value Compared to the Market

This property vs the competition

939 N Vicentia Ave sold on February 11, 2021 for 3.77% 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 $186.33 per/sqft which puts the price per square foot 49.78% lower than the current median sale per square foot for the city of Corona.

About 939 N Vicentia Ave

Detailed summary of property

939 N Vicentia Ave is a fourplex that recently sold in Corona, CA 92878. This fourplex offered 8 bedrooms, 8 bathrooms, roughly 4,288 living square feet, and sits on an approximately 8,276 square foot lot. 939 N Vicentia Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $768,000. 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 3.77% higher than the current median priced home. Local homes that are currently for sale include 552 Linden St, 8546 Bennett Ave and 645 N Towne Ave. While the average home in Corona, CA is selling in 53 days, 939 N Vicentia Ave has a days on market of 14 days. There are currently 449 homes for sale in the Corona real estate market and 357 of them are single family homes while 84 of them are condos and 8 are townhomes. For more information on this home for sale at 939 N Vicentia Ave Corona, CA 92878 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 939 N Vicentia Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
--
Lot Size
8,276
Stories
2
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
29
APN
119-084-001

The source for these homes facts are from public records.

92878 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$740,000
Median List Price/Sq.Ft.
$420
Median Sold Price
$661,000
Median Sold Price/Sq.Ft.
$419
Total Inventory
18
Median Sale to List Price %
101.72%
Avg Days on Market
6
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Recently Sold Homes Near 939 N Vicentia Ave

915 N Vicentia Ave, Corona, CA 92878
$950,000 Last Sold Price
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8 Baths
4291 Sq.Ft.
915 N Vicentia Ave
Corona, CA 92878
940 Cota St, Corona, CA 92878
$815,000 Last Sold Price
8 Beds
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940 Cota St
Corona, CA 92878
928 N Vicentia Ave, Corona, CA 92878
$815,000 Last Sold Price
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928 N Vicentia Ave
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937 Mesa Verde Ave, Corona, CA 92878
$970,000 Last Sold Price
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937 Mesa Verde Ave
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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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