
Corona, California 92879
This Spacious Single-Story Condominium is a Prime Investment Opportunity, listed at $425,000—positioned below the $436,955 Fair Market Value by 2%. This valuation provides $11,955 in Instant Equity. Featuring a Fair Condition Rating, the expansive 1,492-square-foot layout offers significant value-add potential through interior updates. With an attached one-car garage, private patio, and proximity to the top-rated Promenade Elementary School, the property balances functional accessibility with long-term appreciation. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity in a stable market.
Property is moderate renovation needed.
Built in 1992, this 32-year-old property falls into the 'fair' category as it exceeds the 20-year age threshold without any mention of recent renovations in the listing description. While the exterior appears maintained, the lack of interior images or descriptions of upgrades suggests the kitchen, bathrooms, and systems are likely original or aged, requiring minor updates to meet modern standards.
As a single-story unit, this property offers excellent accessibility and convenience, making it highly attractive to seniors or buyers looking to avoid stairs.
With 1,492 square feet of living space for a two-bedroom configuration, this condo provides a significantly larger and more open feel than standard units in the area.
The attached one-car garage with direct access to the unit provides enhanced security, privacy, and convenience rarely found in high-density condominium complexes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =435, other record lot size in square feet = 2613.
The monthly HOA fee of $550 is relatively high, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
The property is noted as having no view, which may be a drawback for buyers seeking the aesthetic appeal or natural light often associated with premium Southern California real estate.
Great single story condo unit with its own private patio. Attached one car garage with direct access to unit.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,492 | 1,054 | 76% |
| Lot Size | 435.6 | - | 57% |
| Price | $425.0K | $435.0K | 43% |
| Price per sq ft | $285 | $409 | 5% |
| Built year | 1992 | 1988 | 71% |
| HOA | $550.0 | $398 | 90% |
| Days on market | 14 | 168 | 5% |
Apr 8, 2026
$425,000
Initial Listing
Sep 22, 2022
$450,000
Public Record
May 31, 2013
$215,000
Public Record
Feb 10, 2009
$152,000
Public Record
Oct 23, 2006
$345,000
Public Record
Mar 12, 2003
$191,000
Public Record
Jul 5, 1996
$87,500
Public Record