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853 W Crestview Street, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath

853 W Crestview Street, Corona, California 92882 home-pic-0
ACTIVE$750,000
853 W Crestview Street, Corona, California 92882
4Beds
2Baths
1,624Sqft
8,276Lot
Year Built
1975
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
CV25101578
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $750.0K(36th), sqft - 1624(32th), beds - 4(50th), baths - 2(41th).

Turn-Key RCFE Investment Opportunity – 4BR/2BA Home in Prime Corona Location Exceptional investment opportunity in the heart of Corona! This well-maintained 4-bedroom, 2-bath single-family residence is currently operating as a fully functioning Residential Care Facility for the Elderly (RCFE), offering a ready-made income-generating asset with strong potential for continued growth. Strategically located in a quiet residential neighborhood, the property features a functional layout with wide hallways, ADA-compliant bathrooms, safety modifications, and spacious common areas — all thoughtfully designed to meet state licensing requirements. The home offers 1624 sqft of interior space, central HVAC, low-maintenance landscaping, solar panels and an attached garage for added convenience. With consistent occupancy and demand for elder care services on the rise, this turn-key facility presents an excellent opportunity for investors seeking a stable, recession-resistant income stream. Ideal for experienced care operators or those looking to enter the healthcare real estate sector. Close to medical centers, freeways, shopping, and community amenities. Don’t miss this rare chance to acquire a licensed RCFE in a high-demand Southern California market.

Price History

Date
Event
Price
05/08/25
Listing
$750,000
Condition Rating
Good
Built in 1975, this property has undergone significant functional and safety renovations to operate as a Residential Care Facility for the Elderly (RCFE). The description highlights ADA-compliant bathrooms, safety modifications, central HVAC, and solar panels, indicating substantial and relatively recent updates to major systems and key areas. The vinyl plank flooring visible in the interior images also appears modern. While no direct images of the kitchen or bathrooms are provided, the 'ADA-compliant' nature suggests updated fixtures and functionality. The property is described as 'well-maintained' and 'turn-key,' aligning with a 'good' condition where it is move-in ready with no immediate renovation required, and major systems are functional and within their expected lifespan due to these updates.
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 = 8276, living area = 1624.
Turn-Key Investment Opportunity: The property is currently operating as a fully functioning Residential Care Facility for the Elderly (RCFE), offering a ready-made, income-generating asset with strong potential for continued growth.
Recession-Resistant Income Stream: With consistent occupancy and rising demand for elder care services, this facility presents a stable, recession-resistant income stream for investors.
ADA-Compliant & Safety Modifications: The home features wide hallways, ADA-compliant bathrooms, and safety modifications, thoughtfully designed to meet state licensing requirements for an RCFE.
Energy Efficiency & Modern Amenities: Equipped with central HVAC and solar panels, the property offers enhanced comfort and reduced operating costs, adding significant value.
Prime Location & Accessibility: Strategically located in a quiet residential neighborhood, close to medical centers, freeways, shopping, and community amenities in high-demand Southern California.

Cons

Specialized Market Appeal: While ideal for RCFE investors, the property's specialized setup may limit its appeal to traditional single-family home buyers, potentially narrowing the buyer pool.
Age of Property: Built in 1975, the property is nearly 50 years old, which may imply potential for future maintenance or updates beyond the existing RCFE modifications.
Potential Overpricing: The listing price is 3% above the estimated market value, which could be perceived as slightly high by potential buyers or appraisers, potentially impacting negotiation.

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