305 E Citron Street, Corona, California 92879, Corona, 92879 - 4 bed, 2 bath
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Corona, California 92879
This Value-Add Residential Asset is listed at $699,000, reflecting its significant upside despite a $611,619 Fair Market Value based on its current Condition Rating of 5. The property boasts a solid mechanical foundation with copper plumbing and a newer water heater, supporting a large 2,200 sqft footprint with City Lights views. Featuring a spacious rear addition and ADU or multigenerational potential, the home provides a versatile canvas within the Corona-Norco Unified district. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to force appreciation in a transforming neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 E Citron Street Subject | $699,000* List Price | 4 | 2 | 2,200 | $288 | - |
A 687 Locust Street Sold | $770,000 | 4 | 3 | 2,886 | $267 | 0.4 mi |
B 109 E Francis Sold | $550,000 | 3 | 2 | 1,724 | $319 | 0.3 mi |
C 1014 S Ramona Avenue Active Under Contract | $809,000 List Price | 4 | 2 | 2,165 | $374 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 and maintained in original condition by the original owner, this home is over 60 years old and requires a full interior rehab. While it features some updated systems like copper plumbing and a newer water heater, the bathrooms, kitchen, and finishes are significantly dated and fit the criteria for a property needing comprehensive renovation.
The large rear addition significantly expands the 2,200 sqft footprint, offering a versatile layout ideal for guest quarters, multigenerational living, or a potential ADU conversion.
The property features copper plumbing throughout and a newer water heater, providing a solid mechanical foundation that reduces the cost of essential system updates during renovation.
Located in a transforming neighborhood where homes are being actively remodeled, this original-owner property presents a prime opportunity to build significant sweat equity through customization.
Built in 1962 and maintained in its original state, the home requires a comprehensive interior and exterior renovation to meet modern aesthetic and functional standards.
While foundational elements are solid, the dated finishes and older Pergo flooring necessitate a significant upfront capital investment for any buyer not seeking a 'fixer-upper' project.
Opportunity meets potential in this 1962-built home, proudly owned by the original owner and now ready for its next chapter. Situated in a highly desirable neighborhood where many homes are being beautifully remodeled, this property offers the ideal canvas for renovation, customization, or long-term investment. The home maintains its original character and condition, providing a rare chance to update and design to your exact vision. Existing features include Pergo plank wood flooring in select areas, copper plumbing throughout entire home, and a newer water heater—solid foundational elements to build upon. A spacious rear addition expands the home’s footprint, creating excellent flexibility for multigenerational living, guest quarters, or a potential ADU conversion (buyer to verify). The inviting family room is anchored by a classic fireplace, offering a warm and functional gathering space. Whether you're an end user looking to create your dream home or an investor seeking upside in a transforming neighborhood, this property presents a compelling value with strong future potential. SELLER WILLING TO GIVE $10K BUYER CLOSING CREDITS FOR RATE BUY DOWN, COSMETIC IMPROVEMENTS, ETC WITH A FULL PRICE OFFER!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 2,200 | 1,699 | 72% |
| Lot Size | 7,405 | 7,405.2 | 49% |
| Price | $699.0K | $739.0K | 35% |
| Price per sq ft | $318 | $414 | 17% |
| Built year | 1962 | 1981 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 142 | 6% |
Apr 30, 2026
$699,000
Initial Listing