1185 W Grand, Corona, California 92882, Corona, 92882 - 0 bed, 0 bath
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Corona, California 92882
Analysis of 1185 W Grand, Corona, California 92882 is currently available with a list price of $1,175,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
Built in 1962, this property is over 60 years old. While one residential unit has been recently remodeled with modern kitchen cabinets, granite-like countertops, and updated flooring, two commercial units are in 'warm shell' condition, requiring substantial build-out and investment to become functional. The property is also being sold 'AS IS,' suggesting potential deferred maintenance. The significant work needed for the commercial spaces and the overall age of the building, despite one updated residential unit, classify the property's overall condition as poor, requiring substantial rehabilitation.
The property offers diversified income streams with two commercial and two residential units, reducing investment risk and increasing flexibility.
Situated in the heart of Corona/The Circle Downtown, providing high visibility for commercial tenants and convenient access for residential occupants.
Comprising two separate parcels, this offers significant flexibility for future development, expansion, or potential individual sale of lots.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10018, other record lot size in square feet = 4791. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4800, other record living area = 5055.
The two commercial units are currently in warm shell condition, requiring significant tenant improvements and capital investment before they can be fully leased and generate income.
The property is being sold 'as-is,' implying potential for deferred maintenance and placing the responsibility for inspections, repairs, and upgrades entirely on the buyer.
PROPERTY ADDRESSES: 1175 & 1185 W. Grand Blvd., Corona CA 92882 REDUCE PRICE! An excellent unique opportunity to own a 4 units mixed-use property in the heart of Corona/The Circle Downtown Corona. It is located on W. Grand Avenue and near by Main Street. The property consists of 2 commercial units which are currently in WARM SHELL condition, and 2 residential units are situated on the 2nd level, each oversized unit has 2 bedrooms & 2 full bathrooms with separate electrical meters. One of the residential units recently has been remodeled. Both tenants are Month-to-Month. PROPERTY TO BE SOLD AS IS CONDITION. Buyers & Buyer's agents to investigate the condition & all aspects of the property. PROPERTY HIGHTLIGHTS: - Mixed-use with 2 multifamily units & 2 retail/office units - Building size approx. 4,800 SF; Lot size approx. 10,018 SF Double lot with separate parcels (APN:117-255-014 & 117-255-015)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1962 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Feb 28, 2026
$1,175,000
$1,275,000
-8% Price Drop
Initial Listing
Dec 18, 2025
$1,275,000
Initial Listing
Dec 3, 2021
$970,000
Public Record
Mar 14, 2016
$467,000
Public Record