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Property profile & analytics
FOR SALE
Strip malls

2347 California Ave Corona, CA 92881

4,350 SF 0.3 ac lot Built 2004
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-2966130
Property summary
AI-generated overview

This exceptional business opportunity presents a thriving crawfish and hotpot restaurant located at 2347 California Avenue, Unit 102-103, in Corona, California. The restaurant boasts a clean and attractive interior, perfectly suited for continued success. The kitchen is well-equipped and features two separate walk-in freezers and coolers, ensuring efficient food storage and preparation. A significant advantage is the inclusion of a beer and wine license, adding another revenue stream and enhancing the customer experience. Situated within a bustling plaza, the restaurant benefits from ample parking, making it easily accessible for patrons. The strategic location is surrounded by a mix of businesses, schools, and residential areas, guaranteeing a diverse and consistent customer base. Its proximity to the 15 Freeway provides convenient access for a wider customer reach. This turnkey operation offers a fantastic chance to acquire an established and profitable restaurant in a high-demand area. The sale price is $100,000. Serious inquiries only. The property is offered as a business opportunity and does not include the land.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction WOOD
Total area 4,350 SF
Lot 0.3 ac (13,068 SF)
APN 120-510-015
UPID US10-2966130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Marui Sushi Restaurant
  • Happy Crab & Hotpot Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.90M
Owner & transaction history
Cpi Properties · 1 yrs held
Cpi Properties
since 2024
Last sale
$6.9M
7 recorded transactions
2024
$6.9M
2020
Price N/A
2020
Price N/A
2019
$5.4M
2013
Price N/A
2008
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $4.5M +18.9%
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