115 N Victoria Avenue, Corona, California 92879, Corona, 92879 - 3 bed, 1 bath
115 N Victoria Avenue
Corona, California 92879
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 115 N Victoria Avenue Subject | $499,998* List Price | 3 | 1 | 1,092 | $345 | - |
A 946 Cedar Sold | $535,000 | 3 | 2 | 1,200 | $446 | 0.8 mi |
B 937 Cedar Sold | $450,000 | 4 | 1 | 1,080 | $417 | 0.7 mi |
C 950 Cedar Street Sold | $560,000 | 3 | 2 | 1,200 | $467 | 0.8 mi |
D 1084 Circle City Active | $450,000 List Price | 3 | 1 | 900 | $500 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1895, this property shows no evidence of major renovations in the last 50+ years. The images reveal an extremely dilapidated interior with heavily worn flooring, outdated fixtures, and a kitchen/bathroom in severe disrepair. The listing description and property analysis explicitly highlight the land's development potential and the existing structure's age and limited livability, suggesting it requires substantial renovation or demolition. The value is clearly in the land, not the existing unlivable structure.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1092.
- Development Zoning
Property benefits from GB (Gateway Business) and MF (Multi-family) zoning, offering significant potential for commercial or multi-family redevelopment.
- Transit-Oriented Location
Strategically located directly across from the Metro Train Station, ideal for high-density residential or commercial ventures.
CONSRISKS & DEFICIENCIES
- Age of Existing Structure
The 1895-built single-family home is likely outdated and may require substantial renovation or demolition, adding to initial project expenses.
- Limited Residential Livability
The current 3-bed, 1-bath, 1092 sqft residence offers limited modern residential appeal, especially given its commercial-adjacent location.
- Redevelopment Investment Required
Capitalizing on the property's development potential necessitates significant investment in demolition, planning, and new construction, which may be a barrier for some buyers.
About 115 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: 111 N. Victoria Ave. Purchasing both parcels opens up a world of possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1895
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 4.0 | 39% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 1,092 | 1,699 | 6% |
| Lot Size | 9,148 | 7,841 | 75% |
| Price | $500.0K | $725.0K | 6% |
| Price per sq ft | $458 | $405 | 77% |
| Built year | 1895 | 1981 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 577 | 164 | 0% |
Pricing History
Listed for Sale
Feb 11, 2026
$499,998
$499,999
+0% Price Increase
Initial Listing
Price Change
Feb 3, 2026
$499,999
$615,000
-19% Price Drop
Initial Listing
Price Change
Aug 26, 2025
$615,000
$625,000
-2% Price Drop
Initial Listing
Price Change
Aug 5, 2025
$625,000
Initial Listing
Price Change
Aug 7, 2024
$550,000
Initial Listing