924 Lorna Street, Corona, California 92882, Corona, 92882 - 3 bed, 2 bath

924 Lorna Street, Corona, California 92882 home-pic-0

924 Lorna Street

Corona, California 92882

ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,291Sq Ft
8,276Lot Size

Property Price

LIST PRICE$699,999
EST. MARKET VALUE
$559,368
25% AboveMARKET VALUE

SUMMARY

Analysis of 924 Lorna Street, Corona, California 92882 reveals a property with a current list price of $699,999, which is 25% above the estimated $559,368 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$559,368
Based on Realkey algorithm analyzing recent comparable sales in Corona.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
924 Lorna Street
Subject
$699,999*
List Price
321,291$433-
A
510 W Hacienda
Sold
$590,000421,407$4190.4 mi
B
1650 S Belle Ave
Sold
$690,000421,531$4510.5 mi
C
1289 Biltmore Circle
Sold
$630,000321,313$4800.7 mi
D
920 Burr Street
Sold
$641,984421,248$5140.1 mi
E
1407 Opal Street
Sold
$675,000321,511$4470.5 mi
F
1029 Westpark
Active
$725,000
List Price
321,400$5180.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property, built in 1963, is explicitly described as 'fully original and ready for a complete renovation.' This indicates that all major interior components, including the kitchen, bathrooms, flooring, and potentially electrical and plumbing systems, are severely outdated and require substantial rehabilitation. While the exterior has new sod and the description mentions 'solid bones,' the interior condition necessitates a comprehensive overhaul, aligning with the 'poor' classification for properties requiring significant repairs and rehabilitation due to age and lack of recent updates.

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 = 8276, living area = 1291.

  • Investment Versatility

    The property is explicitly marketed as an ideal fix-and-flip, long-term hold, or family home, appealing to a broad range of buyers and investment strategies.

  • Generous Lot Size

    A substantial 8,276 sq. ft. lot provides ample outdoor space for expansion, landscaping, or recreational use, a valuable asset in the neighborhood.

CONSRISKS & DEFICIENCIES

  • Requires Extensive Renovation

    The home is described as 'fully original' and 'ready for a complete renovation,' indicating significant upfront investment and effort for modernization.

  • Probate Sale

    Being a probate opportunity, the sale process may involve additional legal complexities and potentially longer timelines compared to a standard transaction.

  • Outdated Interiors

    The 'fully original' condition implies outdated finishes, fixtures, and potentially an inefficient layout that does not align with current market preferences.

About 924 Lorna Street

Ideal Fix & Flip, Long-Term Hold, or Family Home With Room to Grow. Welcome to 924 Lorna St, a probate opportunity with the kind of upside that appeals to both savvy investors and families looking to create their dream home. This 3-bedroom, 2-bathroom property offers 1,292 sq. ft. of living space on a generous 8,276 sq. ft. lot—perfect for immediate renovation potential or long-term value growth. Fresh new sod has been installed in both the front yard and backyard, giving the property a clean, inviting look and a head start on curb appeal. The oversized driveway can accommodate multiple vehicles, and there’s dedicated small RV or boat parking behind the gated side yard—rare for the neighborhood. The attached garage provides direct access into the home, adding convenience and security. Inside, the home is fully original and ready for a complete renovation—prime for investors looking for a straightforward fix-and-flip, a buy-and-hold rental, or a value-add strategy. There’s even an option for a mini-renovation to open up the layout and create a true great-room concept, increasing functionality and modern appeal without a massive construction budget. A bonus enclosed patio/sitting room offers flexible extra space for a kids’ play area, fitness room, home office, or entertainment lounge—whatever suits your vision. For retail buyers or families, this home is a blank canvas where you can design every finish to your taste while building instant equity in a great Corona neighborhood. For investors, the location, lot size, simple floor plan, and renovation scope make this a highly desirable and profitable project. The home may qualify for conventional financing, and is also ideal for cash buyers ready to start work immediately. With solid bones, a roomy lot, and endless potential, 924 Lorna St offers the perfect balance of opportunity and vision—no matter your exit strategy. Find out more today!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1963
Lot Size
8,276 Sq. Ft.

Interior

Total Bedrooms
3
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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
34%
Baths2.03.0
43%
Square foot1,2911,939
13%
Lot Size8,2767,405
62%
Price$700.0K$804.0K
27%
Price per sq ft$542$422
90%
Built year19631988
17%
HOA$0$0
50%
Days on market104179
15%

Pricing History

Listed for Sale

Nov 23, 2025

$699,999

Initial Listing

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