929 & 933 West 7th Street
Corona, CA 92882
Property Overview
Property Facts
- Price $1,625,000
- Units 7
- Price Per Unit $232,143
- Building Size (SF) 5,029
- Current CAP Rate 6.01%
- Lot Size (AC) 0.32
- Current GIM 10.11
- Years Built 1935 & 1956
- APNs 110-082-012 & 110-082-013
- Property Type Multifamily
The Offering
Marcus & Millichap is pleased to present 929 & 933 West 7th Street, a 7-unit multifamily investment opportunity located in the heart of Downtown Corona. Situated on two adjacent parcels, the property features 100% single-story construction and a highly desirable workforce unit mix consisting of (1) studio, (1) 1-bed / 1-bath, and (5) 2-bed / 1-bath units.
Residents benefit from a strong amenity package including private patios (select units), on-site laundry, surface, carport, and garage parking, and individual water heaters for each unit, enhancing both resident quality of life and ease of property operations.
The property is ideally positioned within walking distance of Corona City Hall and the OBC Theater, placing residents near downtown amenities, civic services, and entertainment options. The surrounding neighborhood is further supported by two nearby retail centers anchored by Superior Grocers and Cardenas Markets, located approximately 0.25 miles from the property, providing convenient access to daily necessities.
Additionally, Jefferson Elementary School and Corona High School are located less than 0.5 miles away, supporting consistent long-term renter demand. The asset also benefits from easy access to State Route 91 and Interstate 15, offering direct connectivity to major employment centers throughout the Inland Empire, Orange County, and greater Southern California.
Offered at a compelling 6.01% CAP rate on current rents, this is a rare opportunity to acquire a well-located multifamily asset with strong long-term fundamentals in a convenient, commuter-friendly Corona location.
