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4112 S Neece Street, Corona, California 92879, Corona, 92879 - bed, bath

4112 S Neece Street, Corona, California 92879 home-pic-0
ACTIVE$689,000
4112 S Neece Street, Corona, California 92879
0Bed
0Bath
1,362Sqft
9,583Lot
Year Built
1932
Close
-
List price
$689K
Original List price
$799K
Price/Sqft
$506
HOA
-
Days on market
-
Sold On
-
MLS number
IV24254795
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,6 Pros. Rank: price - $689.0K(31th), sqft - 1362(23th), beds - undefined(1th), baths - undefined(1th).

Income-Producing Opportunity — Motivated Seller! Unlock the potential of this gated 4-bedroom, 2-bathroom property offering strong rental income and future upside. Currently leased at $2,900/month, this home features: - A spacious layout with enclosed laundry room - Recently updated A/C system for year-round comfort - Backyard shed for added storage - Separate gated rear yard entrance, generating an additional $400/month in rental income Per seller, the rear yard is equipped with separate utilities and offers excellent potential for an ADU — perfect for expanding your investment portfolio. Centrally located with convenient access to shopping, dining, and major freeways. Whether you're an investor or owner-occupant, this property delivers versatility, cash flow, and room to grow.

Price History

Date
Event
Price
11/07/25
Price Change
$689,000
12/28/24
Listing
$799,000
Condition Rating
Poor
Built in 1932, this property is very old. While the A/C system has been recently updated, the interior, particularly the kitchen and bathroom, is extremely dated and shows significant wear. The kitchen features old black tile flooring, an outdated ceiling fan, and lacks visible modern appliances. The bathroom has a very old tiled countertop and vanity. The overall condition suggests renovations, if any, were done many decades ago, requiring substantial repairs and rehabilitation to meet current living standards.
Pros & Cons

Pros

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 = 9583, living area = 1362.
Income-Generating Asset: The property currently generates substantial rental income ($2,900/month + $400/month from a separate entrance), offering immediate cash flow for investors.
ADU Development Potential: The rear yard is equipped with separate utilities, presenting excellent potential for an Accessory Dwelling Unit (ADU) to further expand the investment portfolio and rental income.
Significant Price Reduction: The list price has been reduced from $799,000 to $689,000, indicating a motivated seller and potential for a more competitive purchase.
Central & Convenient Location: The property boasts a central location with convenient access to shopping, dining, and major freeways, enhancing its desirability for both tenants and owner-occupants.
Updated A/C System: A recently updated A/C system ensures year-round comfort, addressing a key utility and reducing immediate maintenance concerns for heating and cooling.

Cons

Property Age: Built in 1932, the property is quite old, which may imply potential for outdated infrastructure, deferred maintenance, or a need for significant renovations beyond cosmetic updates.
Overpriced Relative to Market Estimate: The current listing price of $689,000 is 14% higher than the estimated property value of $590,759.61, suggesting it may be overvalued compared to current market analytics.
Potentially Cramped Interior: With 4 bedrooms and 2 bathrooms within 1362 sqft, the interior living spaces might be smaller or less open than desired by some buyers, especially given its age.

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