414 S Sheridan, Corona, California 92882, Corona, 92882 - bed, bath

414 S Sheridan, Corona, California 92882 home-pic-0
ACTIVE$980,000
414 S Sheridan, Corona, California 92882
0Bed
0Bath
2,900Sqft
8,276Lot
Year Built
1960
Close
-
List price
$980K
Original List price
$980K
Price/Sqft
$338
HOA
-
Days on market
-
Sold On
-
MLS number
PW25239996
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $980.0K(33th), sqft - 2900(50th), beds - undefined(50th), baths - undefined(50th).

?? Investment Opportunity – 4-Unit Multifamily in Prime Corona Location Welcome to 414 S. Sheridan St, Corona, CA 92882 – a rare opportunity to own a fully occupied 4-unit multifamily property in a strong rental market. Each of the four units is a 1-bedroom, 1-bathroom, offering stable income with long-term rental appeal. This well-maintained property is situated on a multi-dwelling zoned lot in a centrally located neighborhood, close to schools, shopping, parks, and freeway access. All units are in fair condition and currently occupied, making this a turnkey investment with immediate cash flow. Whether you’re a first-time investor or looking to expand your portfolio, this 4-plex offers strong upside potential through value-add improvements and rent optimization.?? Investment Opportunity – 4-Unit Multifamily in Prime Corona Location Welcome to 414 S. Sheridan St, Corona, CA 92882 – a rare opportunity to own a fully occupied 4-unit multifamily property in a strong rental market. Each of the four units is a 1-bedroom, 1-bathroom, offering stable income with long-term rental appeal. This well-maintained property is situated on a multi-dwelling zoned lot in a centrally located neighborhood, close to schools, shopping, parks, and freeway access. All units are in fair condition and currently occupied, making this a turnkey investment with immediate cash flow. Whether you’re a first-time investor or looking to expand your portfolio, this 4-plex offers strong upside potential through value-add improvements and rent optimization.

Price History

Date
Event
Price
10/16/25
Listing
$980,000
Condition Rating
Fair

The property was built in 1960, making it over 60 years old. The listing description explicitly states that 'All units are in fair condition' and highlights 'strong upside potential through value-add improvements and rent optimization,' indicating that significant updates are needed to modernize the units and maximize rental income. While the exterior appears maintained, the age of the property and the description suggest that major components are functional but likely outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Investment Opportunity: A rare opportunity to acquire a fully occupied 4-unit multifamily property, explicitly marketed as a strong investment with immediate cash flow.
Immediate Cash Flow: All four units are currently occupied, providing a turnkey investment with stable income from day one.
Strong Rental Market & Location: Situated in a strong rental market within a centrally located neighborhood, offering proximity to schools, shopping, parks, and freeway access, which is attractive to tenants.
Value-Add Potential: The property offers significant upside potential for investors through strategic value-add improvements and rent optimization strategies.
Multi-Dwelling Zoned Lot: The property is located on a multi-dwelling zoned lot, confirming its suitability and legality for its current multifamily use and potentially future expansion (subject to local regulations).

Cons

Unit Condition: Units are described as being in 'fair condition,' suggesting that significant upgrades or renovations may be required to maximize rental income and tenant appeal.
Property Age: Built in 1960, the property is over 60 years old, which may imply potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance requiring future capital expenditure.
Unit Configuration Limitation: All units are 1-bedroom, 1-bathroom, which limits the potential tenant pool primarily to singles or couples, potentially excluding families and restricting rental income growth compared to properties with larger unit mixes.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state