1020 La Terraza, Corona, California 92879, Corona, 92879 - 0 bed, 0 bath
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Corona, California 92879
This Upgraded Lower-Level Condominium is listed at $435,000, offering a premium residential experience near its $397,708 Fair Market Value. The property holds a Turnkey Condition Rating of 3, featuring significant modernizations such as Milgard dual-pane windows, granite countertops, and stainless steel appliances. Beyond the interior, the unit includes a private one-car garage, dual patios, and proximity to the 9/10 rated John F. Kennedy High School. This listing is perfectly suited for passive-income investors or first-time buyers looking for a high-standard, low-maintenance asset in a strategic commuter hub.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1020 La Terraza Subject | $435,000* List Price | 0 | 0 | 941 | $423 | - |
A 1980 Las Colinas 208 Sold | $435,000 | 2 | 2 | 1,063 | $409 | 0.1 mi |
B 2155 Highpointe Drive 205 Sold | $405,000 | 2 | 2 | 1,146 | $353 | 0.8 mi |
C 1027 Vista Del Cerro Unit 201 Sold | $430,000 | 2 | 2 | 1,086 | $396 | 0.1 mi |
D 1010 La Terraza Circle 102 Sold | $365,000 | 1 | 1 | 642 | $569 | 0.0 mi |
E 1010 La Terraza 207 Active | $429,500 List Price | 2 | 2 | 941 | $456 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant interior upgrades that elevate it above its 1991 build year. The kitchen and bathrooms feature granite countertops and upgraded cabinetry, complemented by modern stainless steel appliances and wood laminate flooring. The addition of new Milgard dual-pane windows and crown molding indicates proactive maintenance and modernization, though the overall style and fixtures reflect a high-quality renovation from the last 5-15 years rather than a brand-new build.
High School: John F. Kennedy High School (9/10).
The property features high-quality modern finishes including Milgard dual-pane windows, granite countertops, and stainless steel appliances, making it move-in ready for immediate occupancy or rental.
Situated in a highly desired area of Corona with excellent access to both Inland Empire and Orange County transit corridors, ensuring strong rental demand and long-term appreciation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 941, other record living area = 642.
The monthly association fee of nearly $500 is a significant recurring expense that may impact the overall debt-to-income ratio for buyers or net yields for passive investors.
The seller’s preference to sell this unit as part of a three-property portfolio may limit the pool of individual buyers and complicate negotiations for those not seeking a bulk acquisition.
Turnkey rental in highly desired Triana at Corona Ranch. This is an upgraded condo that features all new Milgard dual pane windows and sliders, granite counter tops in kitchen and bathroom, upgraded cabinets, stainless steel appliances, wood laminate and 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! Highly desired lower level unit with a 1 car garage. Two patios off family room and bedroom. 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. 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 • 4.6 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 | 941 | 1,032 | 29% |
| Lot Size | - | - | 50% |
| Price | $435.0K | $435.0K | 50% |
| Price per sq ft | $462 | $415 | 71% |
| Built year | 1991 | 1988 | 52% |
| HOA | $499.15 | $398 | 90% |
| Days on market | 15 | 168 | 5% |
Apr 7, 2026
$435,000
Initial Listing
Apr 28, 2022
$320,000
Public Record
Jul 22, 2015
$170,000
Public Record
Dec 30, 2005
$228,000
Public Record