3957 S Neece Street, Corona, California 92879, Corona, 92879 - 2 bed, 1 bath
3957 S Neece Street
Corona, California 92879
Property Price
SUMMARY
Analysis of 3957 S Neece Street, Corona, California 92879 is currently available with a list price of $335,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The MLS listing explicitly states that the previous 2-bedroom, 1-bathroom structure, built in 1936, has been removed, leaving a clear and ready lot. The images confirm this, showing a vacant lot with some initial groundwork. Since there is no existing habitable structure, the property is unlivable in its current condition, and its value is based solely on the land and its potential for redevelopment, which aligns perfectly with the 'tear-down' criteria, even though the demolition has already occurred.
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 = 836.
- Development Potential
The property offers ample space for building up to 3 units, with R1 zoning per county, making it an attractive opportunity for investors or multi-family development.
- Ready-to-Build Vacant Lot
The previous structure has been removed, leaving a clear, flat, and usable lot, which significantly simplifies and speeds up the new construction process.
CONSRISKS & DEFICIENCIES
- No Existing Structure or Income
As a vacant lot, the property does not provide immediate rental income or a habitable structure, requiring significant upfront investment and time for construction before any return.
- R1 Zoning Clarification Needed
While the description states 'up to 3 units' is possible, R1 zoning typically implies single-family residential, necessitating thorough verification of local ordinances for multi-unit development feasibility.
- Significant Capital Investment Required
Beyond the land purchase, the buyer must undertake the entire construction process, incurring substantial costs for design, permits, and building, which requires considerable capital.
About 3957 S Neece Street
Fantastic Opportunity on a flat usable land in the city of Corona.! This 0.21 acre of property-acre lot in the heart of Corona an ideal location for building your custom home. The property had 2 bedrooms and 2 bathrooms which was removed leaving a clear and ready lot. Property on a sewer. seller is motivated, presenting a great opportunity for buyers looking to capitalize on the area's growth. With ample space for up built up to 3 units. zoning is R1 per County—this lot is perfect for expanding your business or adding to your investment portfolio. Don't miss out on this rare opportunity in a thriving market!*Motivate seller, will carry the loan. Financing available*** All Utilities at the property
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 4.0 | 4% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 836 | 1,699 | 3% |
| Lot Size | 9,148 | 7,841 | 75% |
| Price | $335.0K | $725.0K | 1% |
| Price per sq ft | $401 | $403 | 47% |
| Built year | 1936 | 1981 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 163 | 14% |
Pricing History
Listed for Sale
Dec 12, 2025
$335,000
Initial Listing