Residential Income Property For
For Sale
$452,000
1329 Pleasant View Ave, Corona, CA 92882
Charming property with long-term tenant in desirable Corona neighborhood.
Property Size988 SF
Lot Size0.14 Acres
Days on Market216
Property Features for 1329 Pleasant View Ave
General Information
Standard status
Active
Size
988 SF
Lot size
0.14 Acres
Property subtype
Investment
Building Details
Building Size
988 SF
Year Built
1947
Stories
1
Units
1
Listing Agency:
BULLOCK RUSSELL real estate services
Listed By:
Jake Bullock · License #02054323
(949) 293-7679
Source:
Elliman
Added: Mar 10
Changed: Oct 1
Last Checked: Oct 11 at 6:53AM
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 BULLOCK RUSSELL real estate services
Investment Insights
Based on property information with market context.
This residential income property presents an investment opportunity with a long-term tenant already in place, demonstrating a history of timely payments and providing immediate cash flow. The property is situated in a desirable neighborhood near downtown Corona. Recent upgrades include new piping, windows, and a water heater. Lease details and rent roll are available.
Key Highlights
- Long‑term tenant in place with a proven payment history, providing immediate cash flow.
- Located in a desirable neighborhood near downtown Corona.
- Recent upgrades include new piping, windows, and water heater.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,836
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,720
$296.7K
Cap Rate 7%
$211,943
$211.9K
Cap Rate 9%
$164,844
$164.8K
Market Conditions
NOI Build-Up for 988 SF
Gross rent
$28.5K $28.80/SF
− Vacancy
−$1.5K −$1.50/SF
EGI
$27.0K $27.30/SF
− OpEx
−$12.1K −$12.29/SF
NOI
$14.8K $15.02/SF
Area
Corona, CA
Vacancy
5.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,720
Cap Rate 7%
$211,943
Cap Rate 9%
$164,844
Alternative Uses
Best Use
Apartment 5plus
$211.9K
$185.5K – $247.3K
NOI $14,836 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.3K
$268.9K – $358.5K
NOI $21,512 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,023
Businesses Nearby
Explore this area
Business Placement
Demographics for 92882, CA
67,894
Population
20,757
Households
3.3
Avg Household Size
36
Median Age
29%
College-Educated
85%
High-School Grad
11.8 sq mi
ZIP Area
5,754
Density / Sq Mi
$100,668
Median Household Income
$46,092
Median Earnings
$2,093
Median Rent
$653,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Charming property with long-term tenant in desirable Corona neighborhood.
Where is this residential income property located?
The property is located at 1329 Pleasant View Ave Corona, CA.
What is the asking price?
The asking price for this property is $452,000.
What are key features of this property?
This property features: Long‑term tenant in place with a proven payment history, providing immediate cash flow.; Located in a desirable neighborhood near downtown Corona.; Recent upgrades include new piping, windows, and water heater.
