Property profile

531 Penrose Dr Corona, CA 92878

OFF-MARKET
Apartment buildings
Property ID
US10-3223940
4,291 SF 0.2 ac lot Built 1964
Individually Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Total area 4,291 SF
Lot 0.2 ac (8,712 SF)
Zoning code R3
APN 119-083-004
UPID US10-3223940

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

531 Penrose Dr Corona, CA 92878-4243
Corona metro Census 40808 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$990k
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2014
7 recorded transactions
2014
Price N/A
2013
Price N/A
2008
Price N/A
2006
Price N/A
2003
Price N/A
2003
$428,500
2000
$202,000

Zoning & alternative use

R3 · Corona, CA
Zoning description

INGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.18 R-1-7.2 - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.20 R-1-14.4 - SINGLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.22 R-2 - LOW-DENSITY MULTIPLE-FAMILY RESIDENTIAL ZONE CHAPTER 17.24…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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