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Sold on 02/11/2026
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929 W 7th St, Corona, CA 92882

$1,225,000

Last sold 02/11/2026 after 16 Days

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    bed

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    bath

Multi-family not for sale

About 929 W 7th St

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 0.32 Acre
Parking 1 garage spaces
Rental estimate
Property description
929 & 933 West 7th Street is a 7-unit multifamily investment opportunity located in the heart of Downtown Corona. Situated on two adjacent parcels, the property features 100% single-story construction and a highly desirable workforce unit mix consisting of (1) studio, (1) 1-bed / 1-bath, and (5) 2-bed / 1-bath units. Residents benefit from a strong amenity package including private patios (select units), on-site laundry, surface, carport, and garage parking, and individual water heaters for each unit, enhancing both resident quality of life and ease of property operations. The property is ideally positioned within walking distance of Corona City Hall and the OBC Theater, placing residents near downtown amenities, civic services, and entertainment options. The surrounding neighborhood is further supported by two nearby retail centers anchored by Superior Grocers and Cardenas Markets, located approximately 0.25 miles from the property, providing convenient access to daily necessities. Additionally, Jefferson Elementary School and Corona High School are located less than 0.5 miles away, supporting consistent long-term renter demand. The asset also benefits from easy access to State Route 91 and Interstate 15, offering direct connectivity to major employment centers throughout the Inland Empire, Orange County, and greater Southern California. Offered at a compelling 6.01% CAP rate on current rents, this is a rare opportunity to acquire a well-located multifamily asset with strong long-term fundamentals in a convenient, commuter-friendly Corona location.
Listed by
Listing Agent - Christian Tait
Listing Agent Contact: Christian.tait@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC26018477 • last updated 8 months ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.32
Lot Size (SqFt) 13939.2
Year Built 1953
Interior
Laundry Community
Exterior
Building Area Square Feet, 5029
# Uncovered Spaces 10
# Carport Spaces 1
# Parking Spaces 12
# Garage Spaces 1
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Curbs, Gutters, Sidewalks, Street Lights
Subdivision Other, Other (OTHR)
Directions West 7th Street & South Buena Vista Avenue
APN 110082012
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 4748
Expense: Trash 2058
Operating Expense 58237
Cap Rate 6.01
Expense: Insurance 11582
Total Expenses 58237
Expense: Maintenance 7000
Expense: Water/ Sewer 2058
Gross Income 160680
Gross Operating Income 153432
Expense: Electric 2058
Gross Multiplier 10.11
Gross Scheduled Income 158280
Expense: Fuel 2060
Rental est.: $1,830/month
Gross rent multiplier: 55.8
  • Feb 2026
    mls logo MLS # OC26018477
  • Feb 11, 2026 Sold
    $1,225,000 (-24.6%)
  • Feb 10, 2026 Pending
    —
  • Feb 2, 2026 Active
    —
  • Jan 26, 2026 Listed
    $1,625,000
  • Year Property taxes Tax assessment
  • 2025
    $2,855 +3.3%
    $247,225
  • 2024
    $2,763 +1.4%
    $247,225 +2.0%
  • 2023
    $2,726 +1.8%
    $242,378 +2.0%
  • 2022
    $2,676 +2.0%
    $237,626 +4.04%
  • 2021
    $2,623 +1.1%
    $228,400
  • 2020
    $2,595 +2.3%
    $228,400 +1.04%
  • 2019
    $2,536 +2.3%
    $226,059 +2.0%
  • 2018
    $2,480 +2.5%
    $221,628 +2.0%
  • 2017
    $2,420 +1.0%
    $217,284 +4.04%
  • 2016
    $2,396 +2.2%
    $208,848
  • 2015
    $2,345
    —
  • 929 W 7th St
    $1.22M
  • Central Corona
    $639K
  • 92882
    $739K +4% y/y
  • Corona
    $749K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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