Sierra Del Oro End
For Sale
$530,000
2802 Green River Road #101, Corona, CA 92882
Three-story condo with mountain views, upgraded features, and community amenities.
Property Size1,400 SF
Price / SF$378.57
Days on Market427
Property Features for 2802 Green River Road #101
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Condominium
Amenities
Fireplace
Central
Central Air
Fireplace(s)
Natural Gas
Electric
Dishwasher
Free-Standing Range
Gas Cooktop
Gas Oven
Gas Range
Gas Water Heater
Microwave
Refrigerator
Range Hood
Water Heater
Dryer
Washer
Patio, Porch, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building Details
Building Size
1,400 SF
Year Built
2008
Stories
3
Listing Agency:
Keller Williams Realty Corona
(951) 642-8320
Listed By:
Kelly McLaren · License #02011318
(951) 642-8320
Source:
Kw
Added: Jun 26, 2025
Changed: Aug 14
Last Checked: Aug 25 at 5:08PM
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 Keller Williams Realty Corona
Investment Insights
Based on property information with market context.
Located in the Sierra Del Oro community, this three-story end unit condo offers convenient access to Orange County. The property features an oversized, insulated two-car garage with epoxy flooring. The spacious living room includes a fireplace and large windows with mountain views, complemented by a serene patio. Natural light fills the home, which is equipped with dual pane windows, recessed lighting, and ceiling fans. The dining room connects to a kitchen with granite countertops, upgraded cabinetry, a breakfast bar, a gas range, a dishwasher, and a stainless-steel refrigerator. The expansive primary bedroom includes a private balcony with mountain views. The ensuite bathroom features granite countertops, dual sinks, a walk-in shower, and a walk-in closet. The second bedroom is bright and spacious with mountain views. A third full bathroom includes a tub/shower combo. A separate laundry room includes a washer and dryer. The main floor also offers an oversized powder room with a pedestal sink. Community amenities include a pool, spa, and shaded lounge area. Energy-efficient features include recessed lighting, dual pane windows, ceiling fans, and a Tesla EV charger. The property is located near shopping, dining, parks, a golf course, and hiking trails.
Key Highlights
- Panoramic mountain views from multiple rooms and private balcony.
- Oversized 2‑car attached garage with epoxy flooring and Tesla EV Charger.
- End unit location providing more privacy and natural light.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,023
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,460
$420.5K
Cap Rate 7%
$300,329
$300.3K
Cap Rate 9%
$233,589
$233.6K
Market Conditions
NOI Build-Up for 1,400 SF
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.
Gross rent
$40.3K $28.80/SF
− Vacancy
−$2.1K −$1.50/SF
EGI
$38.2K $27.30/SF
− OpEx
−$17.2K −$12.29/SF
NOI
$21.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$420,460
Cap Rate 7%
$300,329
Cap Rate 9%
$233,589
Alternative Uses
Best Use
Apartment 5plus
$300.3K
$262.8K – $350.4K
NOI $21,023 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.5K
$381.0K – $508.0K
NOI $30,482 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story condo with mountain views, upgraded features, and community amenities.
Where is this apartment building located?
The property is located at 2802 Green River Road #101 Corona, CA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Panoramic mountain views from multiple rooms and private balcony.; Oversized 2‑car attached garage with epoxy flooring and Tesla EV Charger.; End unit location providing more privacy and natural light.
