501 S Victoria, Corona, California 92879, Corona, 92879 - 3 bed, 1 bath
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Corona, California 92879
This Mixed-Use Investment Asset is listed at $875,000, presenting a rare dual-stream income opportunity within the Corona-Norco Unified district. Currently holding a Fair Condition Rating, the property comprises a prominent Commercial Building and a separate 3-Bedroom Residence on a single lot. Strategically positioned minutes from the 91 and 15 Freeways, the asset provides high visibility and ADA-Compliant Amenities essential for retail or office operations. While the $768,008 Fair Market Value reflects standard residential metrics, the unique zoning and privacy between units offer significant value-add potential. This is a strategic acquisition for Owner-User Investors or Commercial Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 501 S Victoria Subject | $875,000* List Price | 3 | 1 | 2,926 | $262 | - |
A 311 E 8th Street Sold | $1,050,000 | 0 | 0 | 3,526 | $298 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Built in 1964, the property may require significant investment in updates to systems, aesthetics, and energy efficiency to meet modern standards and buyer expectations.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| 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 | 125 | 266 | 25% |
Dec 18, 2025
$875,000
Initial Listing