817 W Ontario, Corona, California 92882, Corona, 92882 - 5 bed, 3 bath
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Corona, California 92882
This Value-Add Residential Asset represents a High-Potential Investment Opportunity, listed at $689,900—positioned well below the $701,311 Fair Market Value by 1.6%. This valuation gap offers $11,411 in Instant Equity. With a Condition Rating of 5, the property requires modernization, yet the 460 sq ft Private Casita and 8,276 sq ft Lot provide significant upside for rental income or multi-generational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 817 W Ontario Subject | $689,900* List Price | 5 | 3 | 1,870 | $375 | - |
A 1849 Cook Sold | $575,000 | 4 | 2 | 1,642 | $350 | 0.4 mi |
B 924 Lorna Street Sold | $600,000 | 3 | 2 | 1,291 | $465 | 0.5 mi |
C 3059 Vera Cruz Sold | $800,000 | 4 | 3 | 2,160 | $370 | 0.9 mi |
D 1650 S Belle Ave Sold | $690,000 | 4 | 2 | 1,531 | $451 | 0.6 mi |
E 510 W Hacienda Sold | $590,000 | 4 | 2 | 1,407 | $419 | 0.3 mi |
F 1330 Turquoise Active | $835,000 List Price | 4 | 2 | 1,870 | $447 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1974 (50 years old) with no evidence of major renovations. The interior features dated popcorn ceilings and old carpeting, while the lack of central HVAC (relying on window/wall units) and aged systems indicate the property requires a comprehensive rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1870.
The property features a 460 sq ft detached casita with its own bedroom and full bathroom, providing excellent versatility for multi-generational living, a home office, or potential rental income.
The generous 8,276 sq ft lot includes a fenced-in yard and dedicated RV parking, offering significant utility for outdoor entertaining and storage of large recreational vehicles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1870, other record living area = 1410. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The home utilizes three wall/window-unit A/C units rather than a modern central HVAC system, which may impact cooling efficiency and aesthetic appeal throughout the 1,870 sq ft of living space.
Built in 1974 and featuring older cooling solutions, the property likely requires cosmetic and system updates to meet the expectations of modern buyers looking for move-in-ready finishes.
Welcome to this charming single-story home with a casita addition nestled in an established Corona neighborhood! The main house features 4 bedrooms, 2 full bathrooms, and approximately 1,410 sq ft of living space. The spacious primary bedroom has a full bath ensuite, complete with a walk-in shower and access to a private side yard. The 460 sq ft private casita features an additional bedroom, a full bathroom, and extra living space. This home provides a functional layout with comfortable living areas and plenty of natural light. Situated on a spacious 8,276 sq ft lot, the fenced-in property provides a great space for outdoor entertaining, gardening, RV parking, and much more! The home also features 3 wall/window-unit A/C units, a cozy fireplace, and a detached 2-car garage with driveway parking. Conveniently located near schools, parks, shopping, dining, and commuter access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,870 | 1,856 | 52% |
| Lot Size | 8,276 | 7,841 | 59% |
| Price | $689.9K | $810.0K | 20% |
| Price per sq ft | $369 | $428 | 22% |
| Built year | 1974 | 1987 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 143 | 3% |
May 8, 2026
$689,900
Initial Listing