929-933 W 7th St - Apartments FOR SALE


Corona, CA 92882
$1,625,000 USD
714-713-9086
929-933 W 7th St, Corona, CA for Sale
$1,625,000 USD
Apartments - FOR SALE
1/13
null | 6.01% Cap Rate

929-933 W 7th St
Corona, CA 92882


HIGHLIGHTS

  • A unique opportunity to acquire a 7-unit apartment community situated on two neighboring parcels.
  • The property is comprised entirely of single-story units, an increasingly rare construction style.
  • Featuring a high-demand mix heavily weighted toward 2-bedroom units (5 of 7), the property is offered just above a 6 CAP on current rents.
  • Located within walking distance of Corona City Hall and the OBC Theater.
  • Positioned 0.25 miles from two retail centers anchored by Superior Grocers and Cardenas Markets.
  • Located less than 0.5 miles from Jefferson Elementary School and Corona High School.

OVERVIEW

Marcus & Millichap is pleased to present 929 & 933 West 7th Street, a 7-unit multifamily investment opportunity located in the heart of Downtown Corona. Situated on two adjacent parcels, the property features 100% single-story construction and a highly desirable workforce unit mix consisting of (1) studio, (1) 1-bed / 1-bath, and (5) 2-bed / 1-bath units. Residents benefit from a strong amenity package including private patios (select units), on-site laundry, surface, carport, and garage parking, and individual water heaters for each unit, enhancing both resident quality of life and ease of property operations. The property is ideally positioned within walking distance of Corona City Hall and the OBC Theater, placing residents near downtown amenities, civic services, and entertainment options. The surrounding neighborhood is further supported by two nearby retail centers anchored by Superior Grocers and Cardenas Markets, located approximately 0.25 miles from the property, providing convenient access to daily necessities. Additionally, Jefferson Elementary School and Corona High School are located less than 0.5 miles away, supporting consistent long-term renter demand. The asset also benefits from easy access to State Route 91 and Interstate 15, offering direct connectivity to major employment centers throughout the Inland Empire, Orange County, and greater Southern California. Offered at a compelling 6.01% CAP rate on current rents, this is a rare opportunity to acquire a well-located multifamily asset with strong long-term fundamentals in a convenient, commuter-friendly Corona location. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

7

PRICE/UNIT

$232,143

CAP RATE

6.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,341 SF

ZONING

-

APN/PARCEL ID

110-082-012,110-082-013

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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