414 S Sheridan, Corona, California 92882, Corona, 92882 - bed, bath
414 S Sheridan
Corona, California 92882
Property Price
SUMMARY
Analysis of 414 S Sheridan, Corona, California 92882 is currently available with a list price of $980,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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appears maintained, the age of the property and the description suggest that major components are functional but likely outdated, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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Built in 1960, the property is over 60 years old, which may imply potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance requiring future capital expenditure.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.
About 414 S Sheridan
?? 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1960
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,900 | 2,839 | 57% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $980.0K | $1.07M | 43% |
| Price per sq ft | $338 | $354 | 43% |
| Built year | 1960 | 1956 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 142 | 182 | 14% |
Pricing History
Listed for Sale
Oct 16, 2025
$980,000
Initial Listing