18
Map
$399,900
●
Land -
For Sale
1243 E Street
Corona, CA 92882
Studio
0 Bath
$1,964
Est. Monthly
About This Property
Prime R-3 Zoned Lot in an Established Neighborhood! Fantastic
opportunity for builders, investors, or developers! This fully
usable vacant lot is ideally situated in a well-established
neighborhood and offers the flexibility of R-3 zoning, making it
perfect for constructing multi-unit housing. Whether you're
envisioning duplexes, triplexes, or another income-producing
layout, this property offers the space and zoning to bring your
project to life. Utilities may already be located on the lot or
conveniently accessible at the street, helping streamline future
development. With its great location and excellent potential, this
lot is an exceptional find for anyone looking to build a profitable
multi-unit property. Don't miss out on this rare opportunity!
Unit Size
-
Days on Market
1 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1953
Listed By
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 17 hours ago (CRMLS #IG26229119)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Listed by Oscar Tortola Group Real Estate Services | $399,900 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
| Apr 22, 2026 | Listed by Oscar Tortola Group Real Estate Services | $399,900 | |
| Listed by Oscar Tortola Group Real Estate Services | |||
   | |||
|
Prime R-3 Zoned Lot in an Established Neighborhood! Fantastic opportunity for builders, investors, or developers! This fully usable vacant lot is ideally situated in a well-established neighborhood and offers the flexibility of R-3 zoning, making it perfect for constructing multi-unit housing. Whether you're envisioning duplexes, triplexes, or another income-producing layout, this property offers the space and zoning to bring your project to life. Utilities may already be located on the lot or conveniently accessible at the street, helping streamline future development. With its great location and excellent potential, this lot is an exceptional find for anyone looking to build a profitable multi-unit property. Don’t miss out on this rare opportunity!
| |||
Property Highlights
Exterior Details
Lot Features: Rectangular Lot
Lot Size Area: 7405
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Tax Lot: 27
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Corona
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Listed by: Oscar Tortola, Oscar Tortola Group Real Estate Services
Last Updated: 17 hours ago
Data Source: CRMLS, MLS# IG26229119
Last Updated: 17 hours ago
Data Source: CRMLS, MLS# IG26229119
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