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    255 S Sherman Ave Corona, CA 92882

    Under Contract
    For Sale
    $665,000

    Quadruplex - Corona, CA

    Type:Quadruplex
    Property size:
    3,560 SF
    Lot size:
    9,147.00 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 255 S Sherman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    APN
    118103003
    Parking
    8
    Parking features
    Carport
    Exterior features
    Community Features Included: Curbs, Sidewalks, Corner Lot
    Size
    3,560 SF
    Lot size
    9,147.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    Tranzon Asset Strategies (949) 727-9011 [email protected]

    Listing agent Tiffeny Cook (949) 727-9011 License #01406706

    Listing date Nov 7, 2025

    MLS# PW25233679 Listing URL

    Copyright © 2025 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.

    Overview

    Corona Fourplex with Upside Potential

    This fully-leased fourplex is located in Corona, California, just off the 91 Freeway. Constructed in 1990, the 3,560 square foot building is situated on a 9,147 square foot corner lot in Riverside County. Each of the four units features two bedrooms and two bathrooms. The units are separately metered, with tenants responsible for electric and gas. Parking includes four covered spaces and four additional on-site spaces. The property presents upside potential due to rents currently being under market. The property is intended for use as a residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Melo Cleaning Services Cleaners

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.588146
    Latitude
    33.880968

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    FAQs

    What type of property is this?
    Quadplex - Fully leased fourplex in Corona with under market rents.
    Where is this quadplex located?
    The property is located at 255 S Sherman Ave Corona, CA.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: - Fully-leased fourplex in Corona.; - Each unit is 2BR/2BA and separately metered (tenants pay electric/gas).; - Upside potential due to under market rents.
    (949) 727-9011
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    255 S Sherman Ave Corona, CA 92882
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    Corona, CA 92882
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    255 S Sherman Ave Corona, CA 92882
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