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19620 Temescal Canyon, Corona, California 92881, Corona, 92881 - 3 bed, 1 bath

19620 Temescal Canyon, Corona, California 92881 home-pic-0
ACTIVE$998,500$900/sqft
19620 Temescal Canyon, Corona, California 92881
3Beds
1Bath
900Sqft
9,583Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mixed-Use Versatility: This rare mixed-use property offers exceptional versatility with both commercial storefront and residential living on a single parcel, ideal for owner-operators or investors seeking diversified income streams.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 848.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1950 (76 years old).
Condition: The property, built in 1950, has undergone recent cosmetic remodels, including new roofs, updated tile flooring, neutral paint, and modern light fixtures in the residential unit. The residential bathroom is also updated with modern fixtures. However, the residential unit features only a kitchenette rather than a full kitchen, which is a significant functional limitation for a 3-bedroom home and would require substantial upgrades. Despite the recent cosmetic work, the underlying infrastructure of a 1950-built property may still be original or outdated, as noted in the property's weaknesses. The commercial space also appears basic despite recent improvements. These factors indicate that while the property is maintained and has received updates, it still requires significant functional improvements (full kitchen) and potential attention to older systems, placing it in the 'Fair' category.
Year Built
1950
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$1,109
HOA
-
Days on market
-
Sold On
-
MLS number
IG26002631
Home ConditionFair
Features
View-

About this home

Rare Mixed-Use Opportunity on Prime Temescal Canyon Road! Exceptional opportunity to own a high-visibility mixed-use property in the heart of South Corona, offering both commercial frontage and residential living on one versatile parcel. Ideally situated on Temescal Canyon Road, this property provides outstanding exposure, accessibility, and long-term upside in a rapidly growing corridor. The property consists of two separate buildings, both of which have been recently remodeled and improved, including brand new roofs on both structures, offering peace of mind and reduced near-term capital expenses. The front building features a storefront commercial space with excellent street exposure and includes two bathrooms, making it suitable for a variety of business uses. The rear building is a 3-bedroom, 1-bath residential home and includes a large, attached storage area, providing valuable additional space for storage, equipment, or flexible use. The property sits on a generous lot with ample parking, strong traffic visibility, and convenient access to nearby shopping centers, residential neighborhoods, and the I-15 freeway. Property configuration and zoning may offer future development or expansion potential. A rare opportunity to acquire a versatile, upgraded mixed-use property in a highly desirable South Corona location. Buyer and buyer’s agent to independently verify all information, including square footage, permits, zoning, and allowable uses to their satisfaction.

C
Carrie Asher
Listing Agent

Price History

Date
Event
Price
05/26/98
Sold
$1,000
07/30/24
Sold
$800,000
05/11/18
Sold
$420,000
Condition Rating
Fair
The property, built in 1950, has undergone recent cosmetic remodels, including new roofs, updated tile flooring, neutral paint, and modern light fixtures in the residential unit. The residential bathroom is also updated with modern fixtures. However, the residential unit features only a kitchenette rather than a full kitchen, which is a significant functional limitation for a 3-bedroom home and would require substantial upgrades. Despite the recent cosmetic work, the underlying infrastructure of a 1950-built property may still be original or outdated, as noted in the property's weaknesses. The commercial space also appears basic despite recent improvements. These factors indicate that while the property is maintained and has received updates, it still requires significant functional improvements (full kitchen) and potential attention to older systems, placing it in the 'Fair' category.
Pros & Cons

Pros

Mixed-Use Versatility: This rare mixed-use property offers exceptional versatility with both commercial storefront and residential living on a single parcel, ideal for owner-operators or investors seeking diversified income streams.
Strategic Location & Visibility: Located on prime Temescal Canyon Road in South Corona, the property benefits from high visibility, strong traffic exposure, and convenient access to the I-15 freeway and local amenities.
Recent Upgrades & Dual Structures: The property features two separate, recently remodeled buildings, both equipped with brand new roofs, ensuring reduced near-term capital expenses and offering flexible usage.
Future Development Potential: Sitting on a generous 9,583 sqft lot, the property's configuration and zoning may offer significant future development or expansion potential, enhancing long-term value.
Ample Parking & Accessibility: The generous lot provides ample parking space, a critical asset for mixed-use properties, complemented by excellent accessibility for clients and residents.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 848.
Age of Structure: While recently remodeled, the property's 1950 build year suggests potential for older underlying infrastructure (e.g., plumbing, electrical) that may require future maintenance or upgrades beyond cosmetic improvements.
Compact Residential Unit: The residential unit is relatively compact at 900 sqft for a 3-bedroom, 1-bath configuration, which may limit its appeal or potential rental income compared to larger homes.
Limited Residential Bathrooms: The residential unit features only one bathroom for three bedrooms, which may present practical challenges for families or multiple occupants and could impact its desirability.
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