Corona Mixed-Use Investment
For Sale
$1,500,000
820 W 6th, Corona, CA 92882
Four residential units plus commercial space in Corona, California.
Property Size3,916 SF
Lot Size0.34 Acres
Price / SF$383.04
Days on Market140
Property Features for 820 W 6th
General Information
Standard status
Active
Size
3,916 SF
Lot size
0.34 Acres
Building Details
Year Built
1941
Listing Agency:
Beverly and Company
Listed By:
Jeannette Gonzalez · License #01938940
(818) 632-3944
Source:
Robertandchristy
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 9 at 10:45PM
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 Beverly and Company
Investment Insights
Based on property information with market context.
Located in Corona, California, this property features four residential units and a commercial building. The commercial space is approximately 1200 square feet and suitable for retail or office use. The property is commercially zoned and situated directly across from the city hall. Parking is available for approximately 14 cars. The lot size is approximately 14,810 square feet and includes two parcels. This property is suitable for building an office business, apartments, or other large businesses. The bike score is 52, indicating it is bikeable. The walk score is 67, meaning it is somewhat walkable. The transit score is 33, suggesting some transit options are available.
Key Highlights
- Four residential units plus a 1200 sq ft commercial unit.
- Commercial zoning suitable for various business types.
- Located directly across from City Hall in Corona.
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
$65,279
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
4.35%
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%
$1,305,580
$1.3M
Cap Rate 7%
$932,557
$932.6K
Cap Rate 9%
$725,322
$725.3K
Market Conditions
NOI Build-Up for 3,916 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
$98.7K $25.20/SF
− Vacancy
−$5.4K −$1.39/SF
EGI
$93.3K $23.81/SF
− OpEx
−$28.0K −$7.14/SF
NOI
$65.3K $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 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%
$1,305,580
Cap Rate 7%
$932,557
Cap Rate 9%
$725,322
Alternative Uses
Best Use
Multifamily LT 5
$932.6K
$816.0K – $1.09M
NOI $65,279 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$840.1K
$735.1K – $980.1K
NOI $58,804 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,262 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,706
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
Check the figures for this property
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?
Mixed-use property - Four residential units plus commercial space in Corona, California.
Where is this mixed-use property located?
The property is located at 820 W 6th Corona, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four residential units plus a 1200 sq ft commercial unit.; Commercial zoning suitable for various business types.; Located directly across from City Hall in Corona.
