7233 Bel Air Street, Corona, California 92881, Corona, 92881 - 3 bed, 2 bath
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Corona, California 92881
This Hillside Development Asset is listed at $799,000, positioned near its $769,086 Fair Market Value when accounting for its rare land utility. Currently maintaining a Fair Condition Rating, the property’s true value is anchored by the massive 20,909 sq ft lot which offers the potential to host a secondary 2,000 sq ft residence and an ADU. Featuring panoramic mountain and city light views within the Corona-Norco Unified School District, this site is primed for significant value-add. It represents a premier opportunity for Developers or Multi-generational Families looking to build a custom hillside compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7233 Bel Air Street Subject | $799,000* List Price | 3 | 2 | 2,034 | $374 | - |
A 7110 Saw Mill Rd Sold | $885,000 | 4 | 2 | 2,320 | $381 | 1.0 mi |
B 7237 Piute Creek Drive Sold | $850,000 | 4 | 2 | 2,000 | $425 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, the property is functional and move-in ready but shows signs of being outdated. While it features some updates like recessed lighting, laminate flooring, and a newer bathroom vanity, the kitchen and bathrooms retain older tile work and styles likely from 15-20 years ago. The listing description and property analysis emphasize the land's development potential and the need for modernization to reach current market standards, placing it firmly in the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 2034.
The expansive 20,909 sq ft lot offers rare versatility with the capacity to host an additional 2,000 sq ft single-family residence plus an ADU, providing massive upside for investors or multi-generational families.
Positioned in the hills of Corona, the property features some of the most stunning panoramic mountain and city light views in the area, significantly enhancing its aesthetic appeal and market value.
Built in 1975, the home may require cosmetic or structural updates to align with modern luxury standards, as the primary value is currently emphasized in the land and potential rather than recent renovations.
While the lot allows for additional structures, the cost and effort associated with permitting and constructing a second SFR and ADU may be a barrier for buyers not looking for a major project.
Stop the car! Tremendous opportunity to own a beautiful property in the hills of Corona, CA - equipped with some of the best views in the entire city! The property itself is beautiful, but its true value is revealed in the lot itself, and the situation of the lot in the city. This home has the potential to host an entirely separate additional SFR at 2,000 Sq Ft, as well as a standard sized ADU for guests as well. The potential with this property is absolutely limitless! Regarding the home as it currently stands, the existing property is 3 Bed, 2.25 Bath, 2,034 Sq Ft & sits beautifully on a 20,909 Sq Ft Lot! A separate driveway entrance immediately provides a sense of calm & serenity before even arriving at the home's front door. The front yard area provides incredible views out towards mountains that must be experienced to be fully appreciated. A two car garage is attached to the home, providing pragmatic function, and a desirable placement for parking. Upon entering the front door, a spacious environment is immediately enjoyed - with the front space extending from the hallway to reach a large Living Room area, complete with sliding doors. To the right side of the entrance, a hallway brings you through to the bedrooms - perfectly placed. The primary bedroom is safely placed at the back of the home structure, complete with a beautiful en suite bath attached to the large primary bedroom. The home structure is also equipped with a Billiard's Room - perfect for entertaining guests. And the kitchen and dining room are conveniently located towards the back of the home as well, perfectly connecting the kitchen entertaining areas with a spacious & enjoyable back yard which is ideal for hosting family & friends in large numbers. As it stands, this is the best opportunity in all of Corona! Don't miss your opportunity to own this home today...
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 32% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 2,034 | 2,400 | 33% |
| Lot Size | 20,909 | 8,712 | 88% |
| Price | $799.0K | $895.0K | 33% |
| Price per sq ft | $393 | $384 | 55% |
| Built year | 1975 | 1998 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 186 | 3% |
Mar 12, 2026
$799,000
Initial Listing
Sep 16, 2020
$579,000
Public Record
Jul 19, 2012
$315,000
Public Record
Aug 19, 2010
$295,000
Public Record
Dec 5, 2006
$635,000
Public Record