501 S Victoria, Corona, California 92879, Corona, 92879 - 3 bed, 1 bath
501 S Victoria
Corona, California 92879
Property Price
SUMMARY
Analysis of 501 S Victoria, Corona, California 92879 is currently available with a list price of $875,000. 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.
Built in 1964, the property shows signs of regular maintenance but has not undergone significant modern renovations. The visible dining area features older light fixtures and traditional styling. While the residential kitchen and bathroom are not pictured, the overall age and visible elements suggest they are likely dated and would require updates. The presence of a window AC unit in one area indicates a potential lack of modern central cooling. The property is functional but clearly aged, aligning with the 'Fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Mixed-Use Investment Opportunity
The property offers a rare combination of a prominent commercial building and a spacious residential unit on one lot, providing diverse income streams or a live-work setup.
- Strategic Commercial Location
Ideally situated minutes from the 91 and 15 freeways, surrounded by established businesses and popular restaurants, ensuring high visibility, strong accessibility, and potential for future value growth.
- Dedicated Commercial Amenities
The commercial structure is well-equipped with an ADA-compliant half bathroom and a fenced area offering up to three onsite parking spaces, enhancing its functionality for various business types.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1964, the property may require significant investment in updates to systems, aesthetics, and energy efficiency to meet modern standards and buyer expectations.
- Limited Residential Bathrooms
The residential unit, despite offering 3 bedrooms plus a den/bonus room, features only one bathroom, which could be a functional limitation for families or multiple occupants.
- Proximity to Commercial Activity/Freeways
While beneficial for the commercial unit, the residential unit's location in a highly visible commercial area and close to major freeways may result in increased noise levels and traffic, impacting residential comfort.
About 501 S Victoria
This property presents a rare opportunity featuring a prominent commercial building and a spacious residential unit on one lot. Ideally situated just minutes from the 91 and 15 freeways, the commercial structure has served as both office and retail space. It includes an ADA-compliant half bathroom and a fenced area offering up to three onsite parking spaces. Surrounded by established businesses and popular local restaurants, this highly visible location ensures strong accessibility and future value growth. Complementing the commercial space is a well-appointed residence featuring three bedrooms, a den, spacious living and a dining area, a full kitchen and a large bonus room ideal for an office or recreational use. Another great feature of these buildings is that the commercial structure faces 5th St and the residential structure faces Victoria which gives each structure some privacy.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1964
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 1.5 | 50% |
| Baths | 1.0 | 0.5 | 50% |
| Square foot | 2,926 | 3,263 | 25% |
| Lot Size | 7,841 | 9,148 | 50% |
| Price | $875.0K | $1.05M | 25% |
| Price per sq ft | $299 | $298 | 50% |
| Built year | 1964 | 2010 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 220 | 25% |
Pricing History
Listed for Sale
Dec 18, 2025
$875,000
Initial Listing