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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,125,000

Est. payment - /mo

7,405 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26208059

HOA Y/N No

Year Built 1964

Lot Size 7,405 Sqft

Property Sub-Type Apartment

Property Description

801 S. Merrill Street is a nine-unit, two-story multifamily building in Downtown / Central Corona. Built in 1964, the property
offers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units of
approximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room for
improvement. Market rents run approximately $1,800–$1,950 for the one-bedrooms and $2,100–$2,250 for the two bedrooms.
Units feature open living/kitchen layouts and wall A/C, with common-area laundry, eight covered and two
uncovered parking spaces, and plenty of street parking nearby.
The building sits in a walkable downtown grid (Walk Score 81) south of Sixth Street and inside the historic Grand Boulevard
circle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drive
north via Main Street. North Main Metrolink is about one mile away.
This is a value-add opportunity. With in-place rents averaging $1,639 on the one-bedrooms and $1,971 on the twobedrooms,
a buyer can complete the interior program on the remaining units and move rents toward market. Downtown
Corona remains a city revitalization target, which supports long-term location quality.

Location

State CA

County Riverside

Area 248 - Corona

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Biking, Curbs, Hiking, Mountainous, Park, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 117212001

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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Listed by James Wardlaw Sperry Commercial 714-496-1100, DRE #02061381

NEARBY SCHOOL & BUSINESS

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801 S Merrill Corona, CA 92882