501 S Victoria, Corona, California 92879, Corona, 92879 - 3 bed, 1 bath

501 S Victoria, Corona, California 92879 home-pic-0
ACTIVE$875,000
501 S Victoria, Corona, California 92879
3Beds
1Bath
2,926Sqft
7,841Lot
Year Built
1964
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$299
HOA
-
Days on market
-
Sold On
-
MLS number
IV25278062
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(25th), sqft - 2926(25th), beds - 3(50th), baths - 1(50th).

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.

Price History

Date
Event
Price
12/18/25
Listing
$875,000
Condition Rating
Poor

Built in 1964, this property is 60 years old. The visible interiors, such as the dining area with its dated light fixture and decor, and the commercial/bonus room with a window AC unit and utilitarian finishes, suggest that any renovations were likely completed 30-50 years ago, if at all. The residential unit's single bathroom for three bedrooms plus a den and bonus room is a significant functional deficiency. While the property appears maintained, its age, outdated systems (like the window AC), and functional limitations indicate a need for substantial repairs and rehabilitation, including likely full kitchen and bathroom renovations and HVAC upgrades, to meet current living standards.
Pros & Cons

Pros

Mixed-Use Income Potential: Rare opportunity featuring a prominent commercial building and a spacious residential unit on one lot, offering diverse income streams or live/work possibilities.
Prime Commercial Location: Highly visible location surrounded by established businesses and popular local restaurants, ensuring strong accessibility and future value growth for the commercial space.
Excellent Freeway Access: Ideally situated just minutes from the 91 and 15 freeways, providing crucial accessibility for both commercial clients/customers and residential commuters.
Well-Appointed Residential Unit: The residence features three bedrooms, a den, spacious living and dining areas, a full kitchen, and a large bonus room, offering ample and versatile living space.
Structural Privacy: The commercial structure faces 5th Street and the residential structure faces Victoria, providing a degree of separation and privacy for each unit.

Cons

Limited Residential Bathrooms: The residential unit, with three bedrooms, a den, and a bonus room, has only one bathroom, which may be inconvenient for multiple occupants.
Property Age: Built in 1964, the property is 60 years old, potentially indicating a need for significant updates, system replacements, or deferred maintenance.
Ambiguous Property Classification: Listed as 'Duplex' under sub-type, which may conflict with the description of a 'commercial building and a spacious residential unit,' potentially causing confusion regarding zoning or financing.

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