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Sold on 11/21/2023
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421 E 5th St, Corona, CA 92879

$968,000

Last sold 11/21/2023 for $960K

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    bed

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    bath

Multi-family not for sale
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About 421 E 5th St

Property type Multi-family
Neighborhood
Year built 1948
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
Introducing a profitable investment opportunity in Corona, California: a fully rented three-unit building with excellent revenue potential. This property is perfect for 1031 exchanges or families seeking for that extra money to help with their mortgage payment. This property boasts a 3-bed, 2-bath house with a 2-car garage, along with a standalone duplex building featuring 1 bed and 1 bath in each unit. With a spacious 14,810 sq ft lot zoned R-3, there is room for expansion, additional units, or an accessory dwelling unit (ADU). The property's strategic location near the 91 and 15 freeways, near esteemed Santiago High School within the Corona-Norco Unified School District, downtown Corona, excellent public transportation, and just a short 35-minute drive to Newport Beach, Disneyland, and Knott's Berry Farm, adds to its appeal. Don't miss this incredible investment opportunity with potential for significant rental income.
Listed by
Listing Agent - ARMANDO BENITEZ MEDINA
Listing Office - CENTURY 21 REALTY MASTERS
Source: CRMLS mls logo
MLS#MB23147683 • last updated 2 years ago
Movoto checked CRMLS for data Just now
Overview
Levels/Style One
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.34
Lot Size (SqFt) 14810
Tax Area 4001
Year Built 1948
Interior
Laundry In Garage
Other Room(s) All Bedrooms Down
Appliances None
Exterior
Construction Stucco
Building Area Square Feet, 2417
Parking Garage Faces Side, Garage - Two Door
# Uncovered Spaces 4
# Carport Spaces 4
# Parking Spaces 12
# Garage Spaces 4
Lot Description 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Level With Street, Lot 10000-19999 Sqft, Walkstreet
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Pool None
Location
View None
County Riverside
Community Features Biking, Curbs, Park, Street Lights
Subdivision Unknown, Other (OTHR)
Zoning R3
Directions From The 90 Fwy, Exit Main St, South, Drive To 6th St, Make A Right And Left On Joy St. To 5th St.
APN 117161008
Multifamily Details
Vacancy Allowance Rate 5
Vacancy Allowance 3120
Operating Expense 6150
Cap Rate 6
Expense: Insurance 3000
Total Expenses 15750
Expense: Maintenance 3000
Gross Scheduled Income 62500
Lot/ Land Details
$968K
Range: $803K-$1.13M
Last 30 days 
Rental est.: $1,862/month
Gross rent multiplier: 43.0
  • Nov 2023
    mls logo MLS # MB23147683
  • Nov 26, 2023 Sold
    $960,000
  • Oct 19, 2023 Pending
    —
  • Aug 7, 2023 Listed
    $960,000
  • Year Property taxes Tax assessment
  • 2024
    $10,771 +35.1%
    $979,199 +39.22%
  • 2023
    $7,971 +3.3%
    $703,369
  • 2022
    $7,715 +17.7%
    $703,369 +22.14%
  • 2021
    $6,554 +11.9%
    $575,877 +12.0%
  • 2020
    $5,859 +3.3%
    $514,176
  • 2019
    $5,671 +4.2%
    $514,176 +3.0%
  • 2018
    $5,441 +7.1%
    $499,200 +4.0%
  • 2017
    $5,082 +8.5%
    $480,000 +17.07%
  • 2016
    $4,684 +3.2%
    $410,000
  • 2015
    $4,540
    —
  • 421 E 5th St
    $960K
  • Downtown Corona
    $558K -7% y/y
  • 92879
    $649K -3% y/y
  • Corona
    $750K 0% y/y
No chart available
Statistics calculated by Movoto

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8/10
Centennial High School
public Grades 9-12
Corona-Norco Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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