414 S Sheridan, Corona, California 92882, Corona, 92882 - 0 bed, 0 bath
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Corona, California 92882
This Quadruplex Residential Income Asset is listed at $980,000, representing a stable acquisition priced near its $958,767 Fair Market Value. Comprising four fully occupied 1BR/1BA units, the property maintains a Fair Condition Rating and delivers immediate cash flow in a high-demand rental corridor. Situated on a multi-dwelling zoned lot featuring a private patio, the asset offers clear upside potential through interior modernization and rent optimization. Its prime location near the 91 Freeway ensures consistent occupancy for Buy-and-Hold Investors and Value-Add Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 414 S Sheridan Subject | $980,000* List Price | 0 | 0 | 2,900 | $331 | - |
A 1508 S Main Street Sold | $850,000 | 0 | 0 | 2,839 | $299 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
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appears maintained, the age of the property and the description suggest that major components are functional but likely outdated, aligning with the 'fair' condition criteria.
A rare opportunity to acquire a fully occupied 4-unit multifamily property, explicitly marketed as a strong investment with immediate cash flow.
All four units are currently occupied, providing a turnkey investment with stable income from day one.
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.
Units are described as being in 'fair condition,' suggesting that significant upgrades or renovations may be required to maximize rental income and tenant appeal.
Built in 1960, the property is over 60 years old, which may imply potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance requiring future capital expenditure.
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.
?? 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,900 | 2,900 | 50% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $980.0K | $980.0K | 50% |
| Price per sq ft | $338 | $338 | 50% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 188 | 198 | 33% |
Oct 16, 2025
$980,000
Initial Listing