4-Unit Craftsman
For Sale
$1,350,000
523 W 5th St, Corona, CA 92882
Four residential units provide individual outdoor areas, parking, and convenient access on a corner parcel.
Property Size3,392 SF
Lot Size0.25 Acres
Days on Market52
Property Features for 523 W 5th St
General Information
Standard status
Active
Size
3,392 SF
Lot size
0.25 Acres
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
private yard or patio
Building Details
Building Size
3,392 SF
Year Built
1910
Buildings
1
Stories
2
Units
4
Construction
California Craftsman
Listed By:
Eddie Hernandez
(949) 216-3922
Source:
Elliman
Added: Aug 20
Changed: Oct 5
Last Checked: Oct 9 at 11:27PM
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 Eddie Hernandez
Investment Insights
Based on property information with market context.
This 4-unit residential property occupies a 10,890 SF corner lot at 523 W 5th St in Corona. The 1910-built California Craftsman features updated flooring, natural wood kitchen cabinetry, and natural stone countertops. Each unit includes a private yard or patio, while the main residence has front, side, and rear yards. A sizable parking area serves the complex, with separate access supporting each unit.
The property is located in Downtown Corona, a few blocks from the Downtown Revitalization Plan area. WalkScore is 86, BikeScore is 49, and TransitScore is 38, reflecting walkable surroundings with some transit and biking options.
The property is located in Downtown Corona, a few blocks from the Downtown Revitalization Plan area. WalkScore is 86, BikeScore is 49, and TransitScore is 38, reflecting walkable surroundings with some transit and biking options.
Key Highlights
- 4‑unit residential property on a 10,890 SF corner lot
- 1910‑built California Craftsman property
- Private yard or patio provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,544
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,880
$1.1M
Cap Rate 7%
$807,771
$807.8K
Cap Rate 9%
$628,267
$628.3K
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$85.5K $25.20/SF
− Vacancy
−$4.7K −$1.39/SF
EGI
$80.8K $23.81/SF
− OpEx
−$24.2K −$7.14/SF
NOI
$56.5K $16.67/SF
Area
Corona, CA
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,880
Cap Rate 7%
$807,771
Cap Rate 9%
$628,267
Alternative Uses
Best Use
Multifamily LT 5
$807.8K
$706.8K – $942.4K
NOI $56,544 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$727.6K
$636.7K – $848.9K
NOI $50,935 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.06M
$923.2K – $1.23M
NOI $73,853 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,966
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units provide individual outdoor areas, parking, and convenient access on a corner parcel.
Where is this quadplex located?
The property is located at 523 W 5th St Corona, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4‑unit residential property on a 10,890 SF corner lot; 1910‑built California Craftsman property; Private yard or patio provided for every unit
