Corona Mixed-Use Investment Opportunity

1185 W Grand, Corona, CA 92882

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For Sale

$1,175,000

Mixed-use property with retail/office and residential units in Corona.

Type:Investment

Property size:

4,800 SF

Lot size:

0.23 Acres

Price / SF:

$244/SF

Listing Contact

Steven Doan

Real Estate License ID: 01378506

HighLights

Mixed‑use property with 2 commercial units and 2 residential units.
Located in the heart of Corona/The Circle Downtown Corona, near Main Street.
Double lot with separate parcels (APN:117‑255‑014 & 117‑255‑015).
Oversized residential units, each with 2 bedrooms & 2 full bathrooms.
One residential unit recently remodeled.
High Walk Score of 73 (Very Walkable).

Learn more

For Sale

$1,175,000

Mixed-use property with retail/office and residential units in Corona.

Type:Investment

Property size:

4,800 SF

Lot size:

0.23 Acres

Price / SF:

$244/SF

Added:: Apr 24, 2026
Days on Market:: 48
Last Refresh:: Apr 24 at 4:28 pm

Property Features for 1185 W Grand

General Information

Standard status: Active
Size: 4,800 SF
Lot size: 0.23 Acres
Property subtype: Investment

Building Details

Year Built: 1962

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Listing Contact

Steven Doan

Listing agent Steven Doan License #01378506

Listing office Realty ONE Group West

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty ONE Group West

HighLights

Mixed‑use property with 2 commercial units and 2 residential units.
Located in the heart of Corona/The Circle Downtown Corona, near Main Street.
Double lot with separate parcels (APN:117‑255‑014 & 117‑255‑015).
Oversized residential units, each with 2 bedrooms & 2 full bathrooms.
One residential unit recently remodeled.
High Walk Score of 73 (Very Walkable).

Overview

Located in the heart of downtown Corona, this mixed-use property at 1175 & 1185 W. Grand Blvd. presents a unique investment opportunity. The property features two commercial units in warm shell condition and two oversized residential units on the second level. Each residential unit includes 2 bedrooms and 2 full bathrooms, with separate electrical meters. One of the residential units has been recently remodeled. The tenants are currently on a month-to-month basis. The building size is approximately 4,800 square feet, situated on a lot of approximately 10,018 square feet. The property consists of a double lot with separate parcels. The location is considered very walkable with a walk score of 73 and somewhat bikeable with a bike score of 44. Public transportation is minimal, with a transit score of 23. The property is being sold in as-is condition.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $80,015 @ 7.0% cap · market cap 6.81%

Second Best

Office B

$1.06M

$926.6K – $1.24M (±1% cap)

NOI $74,131 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,509 @ 7.0% cap · market cap 8.89%

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

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Corona
County: Riverside
State: California
Longitude: -117.5683132
Latitude: 33.869427

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For sale
Mixed-use properties
CA
Corona
92882
1185 W Grand

What type of property is this?

Mixed-use property - Mixed-use property with retail/office and residential units in Corona.

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: Mixed‑use property with 2 commercial units and 2 residential units.; Located in the heart of Corona/The Circle Downtown Corona, near Main Street.; Double lot with separate parcels (APN:117‑255‑014 & 117‑255‑015).