1106 E 7th, Corona, California 92879, Corona, 92879 - 0 bed, 0 bath
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Corona, California 92879
Analysis of 1106 E 7th, Corona, California 92879 is currently available with a list price of $1,250,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Corona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1964 (60 years old) with no mention of renovations. It is explicitly marketed as a 'Developer Opportunity' and 'redevelopment opportunity,' indicating the primary value is in the land and the adjacent lot. Exterior photos show dated window AC units and an aging structure consistent with land-value-only listings.
The inclusion of an adjacent vacant lot provides a rare value-add opportunity for expansion or the construction of additional units to maximize the property's density and ROI.
The existing triplex features three 3-bedroom units, offering immediate rental cash flow and high desirability for families seeking larger living spaces in the Corona area.
Conveniently situated near major transportation corridors, schools, and shopping centers, the property is well-positioned in a high-demand submarket with strong growth potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3000, other record living area = 2016.
The buyer is responsible for verifying all zoning, density, and land use permits, which introduces a layer of risk and administrative effort regarding the development potential.
Built in 1964, the property may require significant capital expenditures for modernization or deferred maintenance to maintain its competitive edge and meet modern standards.
******Investor & Developer Opportunity***** 3 Units! 3 Bedroom one bath Each + an adjacent lot that you can build additional 6 units, Exceptional opportunity to acquire an income-producing triplex together with the adjacent lot, both being sold as one package. The sale includes the neighboring parcel (APN ending in 012), creating a rare value-add and development opportunity in a growing area of Corona. The existing triplex generates immediate rental income while the additional lot offers significant upside potential for future development. Ideal for investors seeking cash flow today and expansion opportunities tomorrow. Potential for additional units or redevelopment opportunities (buyer to verify all development possibilities, zoning, density, and land use with the City of Corona). Conveniently located near shopping, schools, parks, and major transportation corridors. Whether you’re looking to expand your portfolio, develop additional housing, or secure a prime investment property with future growth potential, this is a unique opportunity you won’t want to miss. Sale includes adjacent vacant lot APN ending in 012. Properties to be sold together. Buyer to independently verify all information, zoning, permits, development potential, and intended use with the City of Corona.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,000 | - |
| Lot Size | 7,841 | - |
| Price | $1.25M | $1.04M |
| Price per sq ft | $417 | $286 |
| Built year | 1964 | 0 |
| HOA | $0 | $0 |
| Days on market | 37 | 169 |
Jul 16, 2026
$1,250,000
$1,200,000
+4% Price Increase
Initial Listing
Jun 15, 2026
$1,200,000
Initial Listing
Mar 28, 2003
$205,000
Public Record