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    610 W Grand Boulevard

    Corona, CA 92882
    • $1,995,000
    • STATUS: Active
    • ON SITE: 53 Days
    • ID#: CV21192846
    UPDATED: 52 min ago
    $1,995,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:
    Area:

    School Ratings & Info

    Description

    610-612 W Grand Blvd is a rare, two-story, 11-unit mixed-use property. Built in 1974, the property is situated on a 6,055 square foot lot with a total building size of 5,935 square feet. The property offers an excellent unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom and retail units averaging 540 square feet.The property has recently undergone extensive exterior renovations such as a new pitched composition roof, new rain gutters, new exterior paint, recently re-sealed asphalt and new windows.Units feature tile and/or laminate wood flooring, wall A/C and heat. Kitchens are equipped with oven/stoves. Select units have been recently renovated with new flooring, new kitchen cabinets, new granite kitchen counter tops, new paint, and new bathrooms. Select units include a private balcony. 610-612 W Grand Blvd has an on-site laundry facility and 12 surface parking spaces, three of which are reserved for the front retail units. 610-612 W Grand Blvd is a prime Corona property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120994200
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    610 W Grand Boulevard Corona, CA 92882

    • Price: $1,995,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: CV21192846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1974
    Built
    Neighborhood:
    Other (Othr)
    County:
    Riverside
    Area:
    248 - Corona
    Property Description
    610-612 W Grand Blvd is a rare, two-story, 11-unit mixed-use property. Built in 1974, the property is situated on a 6,055 square foot lot with a total building size of 5,935 square feet. The property offers an excellent unit mix of one-bedroom/one-bathroom, two-bedroom/one-bathroom and retail units averaging 540 square feet.The property has recently undergone extensive exterior renovations such as a new pitched composition roof, new rain gutters, new exterior paint, recently re-sealed asphalt and new windows.Units feature tile and/or laminate wood flooring, wall A/C and heat. Kitchens are equipped with oven/stoves. Select units have been recently renovated with new flooring, new kitchen cabinets, new granite kitchen counter tops, new paint, and new bathrooms. Select units include a private balcony. 610-612 W Grand Blvd has an on-site laundry facility and 12 surface parking spaces, three of which are reserved for the front retail units. 610-612 W Grand Blvd is a prime Corona property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
    Exterior Features

    Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 11 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 4.6 Common Interest None Community Features CurbsSidewalks Electric Expense 2513 Fuel Expense 173 Garage YN No Gross Income 157786 Gross Scheduled Income 157786 Insurance Expense 3235 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 7495 Net Operating Income 91844 New Construction YN No New Taxes Expense 22340 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 58053 Other Expense 2200 Pest Control Expense 1340 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 154680 Trash Expense 3320 Vacancy Allowance 7889 Vacancy Allowance Rate 100 Water Sewer Expense 7397 Water Source Public Zoning C3

    Listing provided courtesy of Eric Chen of Cb Richard Ellis


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T17:26:27.37. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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