Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Duplex

Bedrooms

2

Building size

1,380 sqft

Lot size

9,583 sqft

Year built

1968

Stories

1

Garage spaces

0

Heating

Central

Pool

None

View

None

Status

Active

Days on market

49

MLS #

245897448

About this property

Welcome to this well-located Corona duplex offering an excellent opportunity for investors seeking an income-producing property with long-term potential. Situated on a spacious approximately 9,583 sq. ft. lot, this property features two separate 2-bedroom units with approximately 1,380 sq. ft. of total living space. Both units are currently tenant-occupied, and the property is being sold with the existing tenants in place, providing the new owner with established rental income from the start of ownership. The property has benefited from several significant improvements, including new HVAC installed in 2024, a newer roof, new windows, and an upgraded electrical system—valuable improvements that enhance the property's overall appeal and help position it for continued long-term ownership. The generous lot provides additional outdoor space and potential flexibility for the future. Buyers are encouraged to independently investigate and verify any possibilities for expansion, improvements, additional units, or ADU development with the appropriate governmental authorities. Conveniently located in Corona with access to shopping, dining, schools, services, and major commuter routes, including nearby freeway access, this duplex combines an established location with existing income and future potential. TWO 2-BEDROOM UNITS | APPROX. 1,380 TOTAL SQ. FT. | APPROX. 9,583 SQ. FT. LOT | NEW HVAC 2024 | NEWER ROOF | NEW WINDOWS | UPGRADED ELECTRICAL | TENANT OCCUPIED | EXISTING RENTAL INCOME A great opportunity to acquire a tenant-occupied duplex on a large lot in Corona with substantial property improvements and long-term investment potential. Don't miss this opportunity!

Location

4120 S Neece

Corona, Riverside, CA, 92879