924 Wyval Ave - Apartments FOR SALE


Corona, CA 92882
$1,100,000 USD
909-418-2071
924 Wyval Ave, Corona, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/41
null | 5.54% Cap Rate

924 Wyval Ave
Corona, CA 92882


HIGHLIGHTS

  • Acquire a turnkey, meticulously upgraded 3-unit multifamily property in Corona, California, ideally positioned to capitalize on the thriving IE
  • Features a charming 1951 constructed 4-bedroom/2-bathroom residence complemented by two 2019 constructed ADUs
  • Each spacious unit boasts modern upgrades including new cabinetry, fully equipped kitchens with stainless steel appliances
  • The property offers mature landscaping, private entrances and patios, dedicated driveways and/or yards, stylish white vinyl fencing
  • The property offers a going in cap rate of 5.54%, offering solid returns.
  • Conveniently located just minutes from the 91-freeway connecting to all of Orange and Riverside Counties and within a short distanced to the Metrolink

OVERVIEW

CBRE, Inc., as exclusive advisor, is proud to present an exceptional and rare opportunity to acquire a meticulously upgraded 3-unit multifamily property located at 924 Wyval Avenue in the heart of Corona, California. Strategically positioned just minutes from the 91 Freeway, this offering is ideally positioned to capitalize on the thriving Inland Empire market and grow your portfolio. Property Highlights: This unique triplex features a charming, originally built 1951 4-bedroom, 2-bathroom residence, complemented by two newly constructed units from 2019: a spacious 2-bedroom, 1-bathroom unit and a comfortable 1-bedroom, 1-bathroom unit. The entire property spans approximately ±2,400 rentable square feet on a generous ±6,534 square foot lot, offering ample space and privacy for all tenants. Every detail has been considered to attract and retain high-quality residents, including mature landscaping, private entrances and patios, dedicated driveways and/or yards, stylish white vinyl fencing, and a convenient outdoor storage area. Inside, each spacious unit boasts modern upgrades and fixtures, new cabinetry, fully equipped kitchens with stainless steel appliances (including dishwashers), efficient wall AC/heating units, slick vinyl wood plank flooring, in-unit washer and dryers, and mirrored closets – amenities today’s renters demand! Central Location & Inland Empire Advantage: 924 Wyval Avenue offers easy access to the Metrolink Corona North Commuter Rail Station and swift connections to the 91 Freeway. Residents are also within walking distance to Corona High School and in close proximity to essential services like Corona Regional Medical Center, diverse shopping centers, theaters, restaurants, trendy shops, and bustling malls. Riverside County’s robust and growing workforce, fueled by major regional distribution centers, consistently attracts new residents, creating a strong, stable, and ever-increasing demand for rental housing. Furthermore, the property’s advantageous location provides convenient access to Orange County, opening up a wealth of employment opportunities, world-class entertainment, and a broader array of amenities, significantly enhancing its appeal to a wide range of prospective tenants. Investment & Owner-User Opportunity 924 Wyval Avenue represents a valuable long-term investment or owner-user opportunity. Whether you’re a first-time investor seeking to establish a foothold in a thriving market, a seasoned professional looking to expand your existing portfolio, or considering a 1031 Exchange, this property delivers exceptional stability and enduring value in one of Southern California’s most dynamic and sought-after markets. Don’t miss your chance to acquire this turn-key asset in a high-demand location.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R1072

APN/PARCEL ID

110-073-012

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.