3.1-Acre Residential Development Opportunity – Corona, CA Land Size: ±3.10 Acres (±135,036 SF) Zoning: R1-20 (City of Corona) APN: 123-330-006 RECENT HOMES IN THE AREA HAVE SOLD FOR OVER A MILLION $$$$$ PROPERTY OVERVIEW Rare opportunity to acquire a 3.1-acre residential infill parcel in the City of Corona, located in an established neighborhood near La Salle Circle. The site offers by-right single-family development with meaningful density upside for builders or developers pursuing a subdivision or rezoning strategy. This is a clean, flat-to-gently sloping land play with surrounding residential development, utilities nearby, and strong long-term fundamentals driven by limited land supply in the Corona submarket. DEVELOPMENT POTENTIAL / YIELD By-Right Zoning (R1-20): • Approx. 6 single-family homes (20,000 SF minimum lot size) Upside Scenario (Subject to City Approval): • Conceptual subdivision into ~9–10 single-family lots at ~10,000 SF per lot • Ideal for small-lot or entry-level product targeting Corona demand A conceptual yield sketch and valuation support materials are available upon request. PRICING & VALUE POSITIONING List Price: $1,095,000 Implied Land Basis: ~$8.10 per SF Recent closed land sales in the area reflect higher $/SF pricing for smaller, entitled parcels, while larger bulk residential land trades at a discount. This pricing captures future upside while remaining financeable and underwritable for real developers. KEY HIGHLIGHTS 3.1 acres in a supply-constrained residential market R1-20 zoning with subdivision/rezoning upside Attractive basis relative to finished lot values Suitable for builders, developers, or long-term investors Close proximity to schools, retail, and major arterials Strong Corona residential demand fundamentals INVESTMENT THESIS This site presents a classic entitlement-driven value-add opportunity: Build 6 estate-style homes by right, or Pursue approvals to unlock higher density and increased land value to develop 9-10 homes with city approval The property is well-suited for developers seeking scalable yield without competing against institutional land pricing.