Building Details

Building Size 1,400 SF

Year Built 2008

Stories 3

Listing Agency: Keller Williams Realty Corona

Listed By: Kelly McLaren · License #02011318 Show Phone

Source: Kw

Added: Jun 26, 2025 Changed: Oct 1 Last Checked: Oct 11 at 4:23AM

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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 / Yr

$21,023

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $30,482 @ 7.0% cap · market cap 5.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Veterinary Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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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.