$1,300,000
$100K PRICE DROP

Estimated payment $7,385/month

Total Views 4,405
6 Beds
5 Baths
3,527 Sq Ft
$369 Price per Sq Ft

Highlights

  • All Bedrooms Downstairs
  • Spanish Architecture
  • Balcony
  • Centennial High School Rated A-
  • No HOA
  • 2-minute walk to Victoria Park

About This Home

Welcome to an exceptional investment opportunity at 723 S Victoria Avenue & 311 E 8th Street in Corona. This unique offering includes a total of three residences on two adjacent parcels, combining for a total lot size of approximately 10,455 square feet.

The property's location is unparalleled, situated just off Main Street, near the 91 Freeway, and within Corona's historic "Circle" and the charming Grand Boulevard. The first parcel features a classic 1924 single-family home with two bedrooms and one bathroom. The second parcel contains a modern 2010 duplex, distinguished by its elegant Spanish tile roof. All three residences have fully equipped kitchens, individual air conditioning/heating, and washer/dryer hookups.

Each residence is enhanced by inviting outdoor spaces, mature landscaping, and vibrant palm trees. The single-family home offers privacy with its gated yard and attached garage, while the duplex units each have an attached two-car garage. The downstairs duplex unit includes a spacious front yard, and the upstairs unit features a private patio. The properties are close to Corona Regional Medical Center, shopping centers, restaurants, theaters, and outdoor malls.

Listing Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 07/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,775

Year Built

  • Built in 2010

Lot Details

  • 10,455 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wood Fence
  • Density is 2-5 Units/Acre
  • 117194022

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Driveway
  • Off-Street Parking

Home Design

  • Triplex
  • Spanish Architecture
  • Turnkey
  • Shingle Roof
  • Spanish Tile Roof

Interior Spaces

  • 3,527 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Carpet

Kitchen

  • Gas and Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Standard Electricity
  • Natural Gas Connected

Additional Features

  • Accessible Parking
  • Balcony

Listing and Financial Details

  • Legal Lot and Block 12 / 117
  • Tax Tract Number 41601
  • Assessor Parcel Number 117194024
  • $64 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Horsethief Canyon Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,103
  • Maintenance Expense $2,000
  • Trash Expense $516
  • New Taxes Expense $14,548
  • Operating Expense $19,917
  • Gross Income $56,400
  • Net Operating Income $34,792

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,775

Year Built

Built in 2010

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: Blake Torgerson
  • Other Phone Number: 909-418-2074
  • Price Per Unit: 433333
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Horsethief Canyon
  • View: No
  • Zoning: R3
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 117194024
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 2
  • Entry Location: w
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 368.59
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry
  • Window Features: Blinds, Screens

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle, Spanish Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Garage Faces Side, Garage - Two Door, Off Street, Private
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 516.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 117194022
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10455.00
  • Lot Size Acres: 0.2400
  • Latitude Manual: 40.35675700

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 56400.00
  • Gross Operating Income: 54708.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 2103.00
  • Lot Size Area: 10455.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 34792.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Patio: 3
  • Operating Expense: 19917.00
  • Rent Control: No
  • Total Expenses: 19917.00
  • Vacancy Allowance: 1692

Tax Info

  • New Taxes Expense: 14548.00
  • Tax Block: 117
  • Tax Census Tract: 416.01
  • Tax Lot: 12
  • Tax Tract Number: 041601
  • TaxOtherAnnualAssessmentAmount: 64.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,775 $341,255 $14,684 $326,571
2023 $3,775 $328,006 $14,115 $313,891
2022 $3,656 $321,576 $13,839 $307,737
2021 $3,583 $315,271 $13,568 $301,703
2020 $3,544 $312,039 $13,429 $298,610
2019 $3,463 $305,921 $13,166 $292,755
2018 $3,347 $299,923 $12,908 $287,015
2017 $3,264 $294,043 $12,655 $281,388
2016 $3,234 $288,278 $12,407 $275,871
2015 $3,163 $283,950 $12,222 $271,728
2014 $3,045 $278,390 $11,984 $266,406
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $1,300,000 -7.1% $369 / Sq Ft
07/30/2025 07/30/25 For Sale $1,400,000 -- $397 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- --
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25171604

California Regional Multiple Listing Service (CRMLS)

APN: 117-194-024