Mixed-Use Building with Retail and
1185 W Grand Corona, CA 92882
1185 W Grand, Corona, CA, 92882
$1,175,000
For Sale
Under Contract
$1,175,000
COMMERCIAL - Corona, CA
Property Size4,800 SF
Lot Size0.23 Acres
Price / SF$244.79
Days on Market218
Property Features for 1185 W Grand
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 1
- Parking
- 19
- Standard status
- Active Under Contract
- APN
- 117255014
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 2
- Number of units
- 4
Listing agency
Realty One Group West
(949) 783-2400
Listed by
Steven Doan · License #01378506
(949) 677-9055
Added: Dec 16, 2025 Updated: Jul 21 at 4:30AM Checked: Jul 22 at 9:06PM
MLS# OC25277098
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes four units across two levels: two commercial units in warm shell condition and two residential units on the 2nd level. Each oversized residential unit is configured with 2 bedrooms and 2 full bathrooms, and the residential units have separate electrical meters. One of the residential units has recently been remodeled. Both residential tenants are on month-to-month terms. The property is offered for sale as-is, and buyers and agents are advised to investigate the condition and all aspects of the property.
The building is located at 1175 and 1185 W. Grand Blvd. in Corona, near Main Street. The site consists of a double lot with separate parcels (APN: 117-255-014 and 117-255-015). Building size is approximately 4,800 square feet, and lot size is approximately 10,018 square feet.
The building is located at 1175 and 1185 W. Grand Blvd. in Corona, near Main Street. The site consists of a double lot with separate parcels (APN: 117-255-014 and 117-255-015). Building size is approximately 4,800 square feet, and lot size is approximately 10,018 square feet.
Key Highlights
- 4‑unit mixed‑use property with 2 residential units and 2 commercial/retail‑office units
- Building size approx. 4,800 SF on a lot approx. 10,018 SF (double lot with separate parcels)
- Two residential units on the 2nd level, each with 2 bedrooms and 2 full bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.0k | $25.20 |
| − Vacancy | −$6.7k | −$1.39 |
| EGI | $114.3k | $23.81 |
| − OpEx | −$34.3k | −$7.14 |
| NOI | $80.0k | $16.67 |
4,800 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,015 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$1.03M
$901.0K – $1.20M
NOI $72,078 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,509 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use property with two retail/office units and two upstairs residential units.
Where is this mixed-use property located?
The property is located at 1185 W Grand Corona, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property with 2 residential units and 2 commercial/retail‑office units; Building size approx. 4,800 SF on a lot approx. 10,018 SF (double lot with separate parcels); Two residential units on the 2nd level, each with 2 bedrooms and 2 full bathrooms
