503 E 5th Street, Corona, California 92879, Corona, 92879 - 2 bed, 1 bath

503 E 5th Street, Corona, California 92879 home-pic-0
ACTIVE$589,900
503 E 5th Street, Corona, California 92879
2Beds
1Bath
768Sqft
7,405Lot
Year Built
1912
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$768
HOA
-
Days on market
-
Sold On
-
MLS number
OC25219392
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $589.9K(10th), sqft - 768(2th), beds - 2(5th), baths - 1(5th).

Beautifully updated single-story 2BD/1BA home on a highly desirable R3-zoned corner lot in the heart of Corona’s Circle City! Too many recent upgrades to fully list but include NEW LVT flooring throughout, soft close shaker kitchen cabinets, quartz counters, interior/exterior paint and stainless steel appliances. Enjoy all the ambiance in your great room set up with recently renovated kitchen, dining area and living room, perfect for both entertaining and every day living. Thoughtful upgrades include ceiling fans, recessed lighting, generous storage, a breakfast bar, and a new energy-efficient split HVAC system for year-round comfort. Master bedroom with direct entry into hallway bathroom. Huge backyard with new landscaping and so much blank canvas potential for RV parking, separate ADU unit and plenty of space to play and make your own. This home has gorgeous curb appeal and is conveniently close to downtown Corona and area restaurants, schools, parks, recreation, shopping and so much more! Perfect as your next home, income property or redevelopment opportunity.

Price History

Date
Event
Price
09/17/25
Listing
$589,900
Condition Rating
Excellent

Despite its 1912 build year, this property has undergone an extensive and very recent renovation, bringing it to an excellent, move-in ready condition. The listing explicitly details 'new LVT flooring throughout, soft close shaker kitchen cabinets, quartz counters, interior/exterior paint and stainless steel appliances,' along with a 'new energy-efficient split HVAC system.' The images confirm a completely modern kitchen with new white shaker cabinets, quartz countertops, and contemporary fixtures, as well as a fully updated bathroom with new vanity, tiling, and black/gold fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 768.
Development Potential: The highly desirable R3-zoned corner lot offers significant opportunities for an Accessory Dwelling Unit (ADU), multi-family development, or future expansion, enhancing long-term value and versatility.
Extensive Modern Renovations: The home features recent, high-quality upgrades including new LVT flooring, soft-close shaker kitchen cabinets, quartz counters, stainless steel appliances, and fresh interior/exterior paint, providing a move-in ready experience.
Prime Central Location: Situated in the heart of Corona’s 'Circle City,' the property offers convenient access to downtown amenities, restaurants, schools, parks, recreation, and shopping.
Large & Versatile Lot: A generous 7,405 sqft lot with new landscaping provides ample space for outdoor activities, RV parking, and the potential for an ADU or further customization.
Energy-Efficient HVAC: A newly installed energy-efficient split HVAC system ensures year-round comfort and improved energy efficiency, a significant modern upgrade for a home of this age.

Cons

Compact Living Area: With only 768 sqft, the interior living space is quite small, which may limit its appeal to larger families or those desiring more expansive rooms.
Limited Bathroom Count: The property features only one bathroom, which can be a practical inconvenience for multiple occupants or guests, potentially impacting daily living and resale value for some buyers.
Historic Structure Concerns: Despite extensive renovations, the 1912 original build year may present underlying structural, plumbing, or electrical challenges not fully addressed by cosmetic updates, requiring potential future maintenance.

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