1015 La Terraza, Corona, California 92879, Corona, 92879 - 0 bed, 0 bath
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Corona, California 92879
This Upgraded Turnkey Condominium is a Strong Value Opportunity, listed at $360,000—positioned well below the $381,974 Fair Market Value by 5%. This valuation gap offers $21,974 in Instant Equity. Featuring a Turnkey Condition Rating, the unit boasts a Granite Kitchen, Milgard Dual-Pane Windows, and a Peek-A-Boo View. Located in a gated community with a Pool and Gym, it serves the 9/10 rated John F. Kennedy High School district. This is an ideal acquisition for 1031 Exchange Investors or First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1015 La Terraza Subject | $360,000* List Price | 0 | 0 | 724 | $513 | - |
A 1995 Las Colinas Sold | $330,000 | 1 | 1 | 642 | $514 | 0.1 mi |
B 1010 La Terraza Circle 102 Sold | $365,000 | 1 | 1 | 642 | $569 | 0.0 mi |
C 2085 Highpointe Sold | $315,000 | 1 | 1 | 540 | $583 | 0.9 mi |
D 1010 La Terraza Active | $355,000 List Price | 0 | 0 | 642 | $553 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready, turnkey condition with several significant upgrades that exceed the 'fair' category. Key features include granite countertops in both the kitchen and bathroom, stainless steel appliances, and high-quality Milgard dual-pane windows and sliders. While the building was constructed in 1991, the interior has been well-maintained with crown molding and upgraded cabinetry. Although the laminate flooring shown in photos has been replaced with carpet per HOA regulations, the overall quality of the fixtures and finishes indicates a well-maintained unit with no immediate need for renovation.
High School: John F. Kennedy High School (9/10).
The property is move-in ready with high-quality improvements including Milgard dual-pane windows, granite countertops, stainless steel appliances, and crown molding.
Ideal for 1031 exchange or passive-income investors, this unit offers stable cash flow in a high-demand commuter location with the rare option to purchase multiple units together.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 724, other record living area = 1063.
HOA regulations for upper-floor units prohibit laminate flooring in main living areas, which limits interior customization and required a recent transition back to carpet.
The monthly association fee of $444.19 is relatively high for a one-bedroom unit, which may impact the overall cap rate for investors or affordability for first-time buyers.
Turnkey rental in highly desired Triana at Corona Ranch. This is an upgraded condo that features all new Milgard dual pane windows and sliders, vaulted ceilings, granite counter tops in kitchen and bathroom, upgraded cabinets, stainless steel appliances, tile floors, crown molding, walk in closet in master bedroom, in door laundry, washer, dryer, and fridge is included, gated community with pool, spa, gym, and clubhouse. Plenty of parking. Great location! Unit has a partial view. Owner pays for water and trash. Low-maintenance gated HOA community, HOA dues cover water, trash, and exterior maintenance. Seller has three units in the complex available and would ideally like to sell all three together. See attached supplements for more details. Units on floors 2 and 3 cannot have laminate flooring in main living areas, this units laminate wood flooring in photos was changed out to carpet. Positioned in one of Corona’s most convenient commuter locations with strong Inland Empire and Orange County access, this is an outstanding opportunity for a 1031 exchange buyer, passive-income investor, or portfolio expansion strategy seeking stable cash flow plus long-term Southern California appreciation.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 4.7 mi
Grades 7-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 5% |
| Baths | 0.0 | 2.0 | 5% |
| Square foot | 724 | 1,043 | 15% |
| Lot Size | - | 270 | 50% |
| Price | $360.0K | $442.5K | 25% |
| Price per sq ft | $497 | $427 | 80% |
| Built year | 1991 | 1991 | 50% |
| HOA | $444.19 | $398 | 70% |
| Days on market | 60 | 146 | 10% |
Apr 7, 2026
$360,000
Initial Listing
Jul 25, 2017
$273,000
Public Record
Dec 19, 2006
$365,000
Public Record