111 N Victoria Avenue, Corona, California 92879, Corona, 92879 - 2 bed, 1 bath
111 N Victoria Avenue
Corona, California 92879
Property Price
SUMMARY
Analysis of 111 N Victoria Avenue, Corona, California 92879 reveals a property with a current list price of $449,999, which is 11% above the estimated $404,445 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1928, this property is nearly 100 years old with no apparent major renovations in decades. The images reveal severely worn carpets, outdated wall-mounted heating/cooling units, old light fixtures, and a generally neglected state. The small size (556 sqft) and the listing's explicit focus on the land's development potential (GB/MF zoning) and the need for 'substantial renovation or demolition' confirm that the existing structure is beyond repair and its value lies solely in the land.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Development Potential
The parcel is zoned GB (Gateway Business) and MF (Multi-family) due to the City of Corona General Plan Housing Element Rezoning Program, offering significant opportunities for commercial or multi-family residential development.
- Prime Transit-Oriented Location
Located directly across from the Metro Train Station at Main Street, providing excellent public transportation access and making it highly attractive for future residents or businesses seeking transit-oriented development.
- Adjacent Parcel Acquisition Opportunity
The availability of the neighboring parcel (115 N. Victoria Ave) for sale presents a unique chance to acquire a larger combined lot, significantly enhancing development scale and potential.
CONSRISKS & DEFICIENCIES
- Age and Condition of Existing Structure
Built in 1928, the current 556 sqft home is very old and small, likely requiring substantial renovation or demolition, which adds to project costs for any redevelopment.
- High Traffic and Noise Environment
Its direct proximity to a Metro Train Station and likely a main road (N Victoria Ave) suggests a high-traffic and potentially noisy environment, which could be a deterrent for traditional single-family residential use.
- Limited Immediate Residential Appeal
Given its small size, age, and location characteristics, the existing single-family home has limited appeal for a typical residential buyer looking for a move-in ready family home, positioning it primarily as a development play.
About 111 N Victoria Avenue
Seller is ready for these to be sold! Fantastic OPPORTUNITY! The City of Corona General Plan Housing Element Rezoning Program affected this parcel. Zone overlay is GB (Gateway Business) and MF (Multi-family). See attached supplement with city plans. Home is located directly across from the Metro Train Station at Main Street. Great size flat lot offers many options. Parcel next door is also for sale: 115 N. Victoria Ave. Purchasing both parcels opens up a world of possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 4% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 556 | 1,699 | 1% |
| Lot Size | 6,970 | 7,500 | 39% |
| Price | $450.0K | $725.0K | 4% |
| Price per sq ft | $809 | $405 | 99% |
| Built year | 1928 | 1981 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 233 | 164 | 81% |
Pricing History
Listed for Sale
Mar 4, 2026
$449,999
$499,998
-10% Price Drop
Initial Listing
Price Change
Feb 11, 2026
$499,998
$499,999
+0% Price Increase
Initial Listing
Price Change
Feb 3, 2026
$499,999
$500,000
+0% Price Increase
Initial Listing
Price Change
Jan 23, 2026
$500,000
$450,000
+11% Price Increase
Initial Listing
Price Change
Jan 15, 2026
$450,000
$590,000
-24% Price Drop
Initial Listing
Price Change
Aug 26, 2025
$590,000
$600,000
-2% Price Drop
Initial Listing
Price Change
Aug 5, 2025
$600,000
Initial Listing
Price Change
Jul 17, 2025
$500,000
Initial Listing