111 N Belle Avenue, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath
ACTIVE$455,000$1,732/sqft
Est. Value: $418,417
-8%
AboveEstimate
111 N Belle Avenue, Corona, California 92882
4Beds
2Baths
1,732Sqft
6,970Lot
Price Vs. Estimate
The estimated value ($418,417.11) is $36,582.89 (8%) lower than the list price ($455,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Family Rezoning Potential: The parcel is affected by the City of Corona General Plan Housing Element Rezoning Program and features a Multi-Family zone overlay, offering significant development and investment upside.
Top Cons:
Cash Offers Only / No Financing: The property is strictly limited to cash offers only with no financing accepted, severely restricting the potential buyer pool.
Compared to the nearby listings
Price:$455.0K vs avg $800.0K ($-345,000)2%
Size:1,732 sqft vs avg 1,904 sqft39%
Price/sqft:$263 vs avg $4303%
More Insights
Built in 1947 (79 years old).
Condition: This property is explicitly marketed as a 'FIXER UPPER' and is being sold 'as-is' with no repairs from the seller. Built in 1947, it shows significant signs of age and neglect. The kitchen features very old, dark wood cabinets, worn laminate countertops, and outdated linoleum flooring. The bathroom is in extremely poor condition with very old tile, a dated vanity, and an unconventional, possibly non-functional, tub/shower area. Interior images reveal heavily stained and worn carpets, popcorn ceilings, and window AC units, indicating a lack of central heating/cooling. The overall condition suggests substantial repairs and rehabilitation are required for all major systems (plumbing, electrical, HVAC) and interior finishes, making it very uncomfortable and potentially unsafe to live in its current state. While the structure may not be beyond repair, the extensive work needed aligns with a 'poor' condition rating.
Year Built
1947
Close
-
List price
$455K
Original List price
$455K
Price/Sqft
$263
HOA
-
Days on market
-
Sold On
-
MLS number
IV26012936
Home ConditionPoor
Features
Patio
View-
About this home
CASH OFFERS ONLY! First time on the market ever, this FIXER UPPER property at 111 N Belle Ave in Corona presents a fantastic investment opportunity. The parcel is affected by the City of Corona General Plan Housing Element Rezoning Program and features a Multi-Family zone overlay. The home offers approximately 1,732 sq ft with 3 bedrooms and 1 bathroom, plus an additional oversized 1-bedroom, 1-bath space attached under the same roof with no direct access, ideal for conversion to separate living quarters or a fourth primary bedroom. Features include a large living and dining area leading to the kitchen with outdoor access, a detached single-car garage with laundry room, a large basement providing easy access for future plumbing and electrical upgrades, and rear alley access. Property is being sold strictly as-is, seller will make no repairs, cash buyers only, no financing; buyers to satisfy themselves as to zoning, square footage, and permitted use.
K
KEVIN ENRIQUEZ
Listing Agent
Price History
Date
Event
Price
06/29/16
Sold
$40,000
Condition Rating
Poor
This property is explicitly marketed as a 'FIXER UPPER' and is being sold 'as-is' with no repairs from the seller. Built in 1947, it shows significant signs of age and neglect. The kitchen features very old, dark wood cabinets, worn laminate countertops, and outdated linoleum flooring. The bathroom is in extremely poor condition with very old tile, a dated vanity, and an unconventional, possibly non-functional, tub/shower area. Interior images reveal heavily stained and worn carpets, popcorn ceilings, and window AC units, indicating a lack of central heating/cooling. The overall condition suggests substantial repairs and rehabilitation are required for all major systems (plumbing, electrical, HVAC) and interior finishes, making it very uncomfortable and potentially unsafe to live in its current state. While the structure may not be beyond repair, the extensive work needed aligns with a 'poor' condition rating.
Pros & Cons
Pros
Multi-Family Rezoning Potential: The parcel is affected by the City of Corona General Plan Housing Element Rezoning Program and features a Multi-Family zone overlay, offering significant development and investment upside.
Investment Opportunity: Despite being a 'fixer upper,' the property presents a fantastic investment opportunity due to its rezoning potential and additional living space, appealing to savvy investors.
Additional Living Space Potential: An oversized 1-bedroom, 1-bath space attached under the same roof, with no direct access, is ideal for conversion to separate living quarters, an ADU, or a fourth primary bedroom, enhancing flexibility and income potential.
Basement for Easy Upgrades: A large basement provides easy access for future plumbing and electrical upgrades, which can significantly reduce renovation costs and complexity for major system overhauls.
Rear Alley Access: The property benefits from rear alley access, which is valuable for potential multi-family development, ADU access, or improved property utility and privacy.
Cons
Cash Offers Only / No Financing: The property is strictly limited to cash offers only with no financing accepted, severely restricting the potential buyer pool.
Fixer Upper / As-Is Condition: Being sold strictly 'as-is' as a 'fixer upper,' the property requires significant capital investment and effort for necessary repairs and upgrades, with the seller making no repairs.
Limited Bathroom Count (Main House): The main home offers 3 bedrooms but only 1 bathroom, which is a functional limitation for modern living standards and will likely require an additional bathroom during renovation.