917 W 9th, Corona, California 92882, Corona, 92882 - 3 bed, 2 bath
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Corona, California 92882
This High-Potential Development Asset enters the market at $549,900, reflecting its substantial value-add capacity relative to the $505,230 Fair Market Value. Currently holding a Poor Condition Rating, the interior requires a full rehabilitation, though "big-ticket" items like the new roof, HVAC, and plumbing are already complete. The expansive 7,841 SF lot with a patio and alley access provides the footprint to construct two ADUs for a high-yield three-unit portfolio. Located in the Corona-Norco Unified district, this project is a strategic acquisition for Fix-and-Flip Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 917 W 9th Subject | $549,900* List Price | 3 | 2 | 1,070 | $472 | - |
A 924 Lorna Street Sold | $690,000 | 3 | 2 | 1,291 | $534 | 0.6 mi |
B 510 W Hacienda Sold | $590,000 | 4 | 2 | 1,407 | $419 | 1.0 mi |
C 826 Railroad Street Sold | $580,000 | 4 | 2 | 1,248 | $465 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is currently unlivable and requires a full interior rehabilitation. While 'big ticket' items like the roof, HVAC, and plumbing have been updated, the kitchen and bathrooms are completely gutted to the studs, and the original hardwood floors require significant refinishing. It is essentially a shell ready for reconstruction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1070.
The expansive 7,841 SF lot with alley access offers a prime opportunity to add value by constructing up to two ADUs, potentially transforming the site into a high-yield three-unit income property.
The property features several high-cost 'big ticket' improvements already completed, including a new roof, new HVAC system, upgraded pex and copper plumbing, and dual-pane vinyl windows.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1070, other record living area = 898. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property currently lacks a functional kitchen and bathroom, requiring significant immediate investment and construction before it can be occupied or qualify for standard traditional financing.
One of the three bedrooms lacks a closet, which may impact its official bedroom count for appraisal purposes and requires additional modification to meet modern functional standards.
Welcome to 917 W. 9th, tucked away in the heart of Corona on a quiet street boasting excellent pride of ownership. Located on a huge 7841 SF lot, and with 1070 SF of living space, this property is a blank slate ready for you to make it your home. Currently configured with 3 bedrooms (one bedroom does not have a closet) and 2 bathrooms, the potential is absolutely amazing as you could add square footage to the existing building, and add up to 2 ADUs. One of the ADUs would have to be attached to the existing home as a Junior ADU and the other could be the existing 2 car garage (440 SF) converted to a full sized ADU. With alley access and plenty of off street parking, turn this property into an income earning homerun or a property for all of your family members with up to 3 units total possible. Both buildings in the back of the property, the original 1 car garage and newer 2 car garage, both have water, electricity and sewer close by. This property currently needs a new bathroom and a new kitchen to be livable; however, all of the big ticket items have been completed including new roof, new HVAC, upgraded pex and copper plumbing, and dual pane vinyl windows. Refinish the gorgeous original hardwood floors and restore some of its historic charm. Being built on a raised foundation will make improvements and service significantly easier and less expensive. This property will qualify for FHA 203K financing (finance the construction with the purchase), conventional construction financing or cash only. Come quick and make this property the home of your dreams, as it will not last long.
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 | 45% |
| Square foot | 1,070 | 1,904 | 7% |
| Lot Size | 7,841 | 7,405 | 51% |
| Price | $549.9K | $810.0K | 5% |
| Price per sq ft | $514 | $425 | 80% |
| Built year | 1947 | 1987 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 181 | 1% |
Apr 8, 2026
$549,900
Initial Listing
Feb 27, 2025
$425,000
Public Record
Feb 4, 2014
$250,000
Public Record