8035 Santa Rita Street, Corona, California 92881, Corona, 92881 - 2 bed, 2 bath
8035 Santa Rita Street
Corona, California 92881
Property Price
SUMMARY
Analysis of 8035 Santa Rita Street, Corona, California 92881 is currently available with a list price of $650,000. 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.
The property, built in 1940, shows signs of being well-maintained with some updates, particularly in the kitchen and bathroom, which appear to have been renovated. The kitchen features white cabinetry, a gas range, and a microwave, while the bathroom has a modern vanity and a glass-enclosed shower. However, the overall small square footage (488 sqft) and the presence of an unpermitted bonus room suggest that while functional, the property may require further updates or attention to meet modern standards and buyer expectations. The age of the property and the unpermitted space prevent a higher score, but the visible condition of key areas like the kitchen and bathroom, along with the description of being 'well-maintained,' justifies a 'Fair' rating.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 27443, living area = 488.
- Potential for Expansion
The large lot size of 27,443 sqft offers significant potential for future expansion or development, adding substantial long-term value.
- Bonus Room
Includes an unpermitted bonus room that can function as a third bedroom, increasing the property's utility and potential rental income.
CONSRISKS & DEFICIENCIES
- Unpermitted Bonus Room
The bonus room is unpermitted, which may require additional steps and costs to legalize or could pose issues for future financing or sale.
- Small Square Footage
With only 488 sqft, the home is quite small, which may not suit larger families or those seeking more living space.
- Older Construction
Built in 1940, the property may require updates or renovations to meet modern standards and buyer expectations.
About 8035 Santa Rita Street
Adorable and well-maintained, this small but functional home features 2 bedrooms and 2 bathrooms. Includes an unpermitted bonus room that can be used as a third bedroom, with a wall currently pending permits with the city.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 27,443 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 4.0 | 3% |
| Baths | 2.0 | 3.0 | 25% |
| Square foot | 488 | 2,365 | 1% |
| Lot Size | 27,443 | 8,712 | 92% |
| Price | $650.0K | $888.0K | 7% |
| Price per sq ft | $1.3K | $387 | 99% |
| Built year | 1940 | 1998 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 261 | 193 | 79% |
Pricing History
Listed for Sale
Jun 19, 2025
$650,000
Initial Listing