$1,100,000

Estimated payment $6,395/month

Total Views 3,419
7 Beds
4 Baths
2,400 Sq Ft
$458 Price per Sq Ft

Highlights

  • Popular Property
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • 1-Story Property

About This Home

We are proud to present an exceptional and rare opportunity to acquire a meticulously upgraded 3-unit multifamily property located at 924 Wyval Avenue in the heart of Corona, California. Strategically positioned just minutes from the 91 Freeway, this offering is ideally positioned to capitalize on the thriving Inland Empire market and grow your portfolio. This unique triplex features a charming, originally built 1951 4-bedroom, 2-bathroom residence, complemented by two newly constructed units from 2019: a spacious 2-bedroom, 1-bathroom unit and a comfortable 1-bedroom, 1-bathroom unit. The entire property spans approximately ±2,400 rentable square feet on a generous ±6,534 square foot lot, offering ample space and privacy for all tenants. Every detail has been considered to attract and retain high-quality residents, including mature landscaping, private entrances and patios, dedicated driveways and/or yards, stylish white vinyl fencing, and a convenient outdoor storage area. Inside, each spacious unit boasts modern upgrades and fixtures, new cabinetry, fully equipped kitchens with stainless steel appliances (including dishwashers), efficient wall AC/heating units, slick vinyl wood plank flooring, in-unit washer and dryers, and mirrored closets – amenities today’s renters demand! 924 Wyval Avenue represents a valuable long-term investment or owner-user opportunity. Whether you’re a first-time investor seeking to establish a foothold in a thriving market, a seasoned professional looking to expand your existing portfolio, or considering a 1031 Exchange, this property delivers exceptional stability and enduring value in one of Southern California’s most dynamic and sought-after markets. Don’t miss your chance to acquire this turn-key asset in a high-demand location.

Listing Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 07/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,681

Year Built

  • Built in 1951

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Triplex

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 41704
  • Assessor Parcel Number 110073012
  • $65 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Horsethief Canyon Subdivision

Building Details

  • 1 Leased Unit
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $6,518
  • Fuel Expense $960
  • Gardener Expense $3,950
  • Insurance Expense $2,528
  • Maintenance Expense $2,288
  • Other Expense $600
  • Pest Control $560
  • Trash Expense $1,352
  • Water Sewer Expense $2,920
  • New Taxes Expense $12,267
  • Operating Expense $33,943
  • Gross Income $97,784
  • Net Operating Income $60,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,681

Year Built

Built in 1951

Lot Details

0

Listing Details

  • CapRate: 5.54
  • Other Phone Description: Blake Torgerson
  • Other Phone Number: 909-418-2074
  • Price Per Unit: 366667
  • Property Attached: Yes
  • Subdivision Name Other: Horsethief Canyon
  • Water Sewer Expenses: 2920.00
  • Zoning: R1072
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 3950.00
  • Parcel Number: 110073012
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 458.33

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Pest Control Expense: 560.00
  • Sewer: Public Sewer
  • Trash Expense: 1352.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8276.00
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 6518.00
  • Fuel Expense: 960.00
  • Gross Income: 97784.00
  • Gross Multiplier: 11.25
  • Gross Operating Income: 94850.00
  • Gross Scheduled Income: 97784.00
  • Insurance Expense: 2528.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 2288.00
  • Net Operating Income: 60907.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 33943.00
  • Other Expense: 600.00
  • Other Expense Description: Reserves
  • Other Income1: 11024.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Actual Rent: 86760.00
  • Total Expenses: 33943.00
  • Vacancy Allowance: 2934

Tax Info

  • New Taxes Expense: 12267.00
  • Tax Census Tract: 417.04
  • Tax Lot: 12
  • Tax Tract Number: 041704
  • TaxOtherAnnualAssessmentAmount: 65.00

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 $6,681 $608,324 $81,181 $527,143
2023 $6,681 $584,704 $78,030 $506,674
2022 $6,470 $573,240 $76,500 $496,740
2021 $6,341 $562,000 $75,000 $487,000
2020 $4,165 $367,518 $94,192 $273,326
2019 $3,535 $312,274 $92,346 $219,928
2018 $3,456 $306,152 $90,536 $215,616
2017 $3,372 $300,150 $88,761 $211,389
2016 $3,307 $291,324 $87,021 $204,303
2015 $3,235 $286,950 $85,715 $201,235
2014 -- $281,331 $84,037 $197,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $1,100,000 +95.7% $458 / Sq Ft
01/13/2020 01/13/20 Sold $562,000 -4.7% $249 / Sq Ft
12/26/2019 12/26/19 Price Changed $590,000 +5.0% $261 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
08/16/2019 08/16/19 Off Market $562,000 -- --
08/07/2019 08/07/19 For Sale $484,500 -- $214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $562,000 Western Resources Title
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Usa National Title Company
Grant Deed $220,000 Lawyers Title Company
Trustee Deed $192,700 None Available
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $405,000 Fidelity National Title
Quit Claim Deed -- First American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $448,000 New Conventional
Previous Owner $85,000 Credit Line Revolving
Previous Owner $249,000 New Conventional
Previous Owner $250,000 New Conventional
Previous Owner $216,601 FHA
Previous Owner $324,000 Purchase Money Mortgage
Previous Owner $81,000 Purchase Money Mortgage
Previous Owner $120,000 Unknown
Previous Owner $15,000 Credit Line Revolving
Previous Owner $93,750 Purchase Money Mortgage
Source: Public Records

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