33.87357 -117.5536

1087 Circle City Drive #101 Corona, CA 92879

255922721 33.87357 -117.5536 124 /listing/255922721-150191073/1087-circle-city-drive-no-101-corona-ca-92879 False 0 6580000.0 105 PW19265094 False
  • $6,580,000
  • 69,696 lot
  • Est payment $35322.86/mo

Property & Neighborhood Info

Courtesy Of Doug Rodermund, Morgan Skenderian

Multi-Family in Corona

Welcome to the Circle City Villas, an excellent opportunity to own 28 individually leased condos in a gated 36-unity condo community. Built in 1988, this newer construction community is ideally located near Corona Circle, a hotspot for the Corona community which is scheduled to be transformed into one of the Inland Empire's premier outdoor malls with trendy shops, dining and restaurants all which is walking distance to the Corona Circle Villas. Tenants of the community enjoy gated parking and access, lush tropical landscaping, a sparkling swimming pool, individual water heaters and washer/dryer hookups. Priced at $235,000/unit, a new owner could capitalize on profits by selling off each unit individually with private 2-bedroom condo sales topping $300,000 in the area. The Corona Circle Villas is an exceptional opportunity to own in one of the most ideal rental locations in the city of Corona.*Seller Financing Available, *28 Individually-leased Condominiums in a 36-Unit Condo Complex, *All 2Bedroom/2 Bathroom Master Suite Units, Well-Maintained 1988 Construction, *Ideal Corona Rental Location Near Corona Circle & 91 and 15 Freeways, *Active HOA in Place Allowing a New Owner to Immediately Sell the Condominiums off Individually if Desired

Courtesy Of Doug Rodermund, Morgan Skenderian
  1. 69,696 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1988
  • Floors: 2
  • County: Riverside County
  • Units: 28
  • MLS Number:PW19265094

Additional Features

  • Laundry:
    • Washer Hookup
  • Common Walls:
    • No Common Walls
  • Levels:
    • One
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • 26-30 Units/Acre
  • Pool Features:
    • Community
  • Carport Spaces:
    • 36.00
  • Parking Spaces:
    • 78.00
  • Heating:
    • Central
  • Sewer:
    • Public Sewer
  • Community Features:
    • Curbs
    • Gutters
    • Sidewalks
    • Storm Drains
    • Street Lights
  • Number of Buildings:
    • 4
  • Gross Income:
    • 0.00
  • Net Operating Income:
    • 252443.00
  • CDOM:
    • 138
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 467578.00
  • Insurance Expense:
    • 0.00
  • Listing Key:
    • 363729903
  • Lot Size Acres:
    • 1.6000
  • Lot Size Square Feet:
    • 69696.00
  • Maintenance Exp:
    • 20000.00
  • Operating Expense:
    • 215136.00
  • Price Per SQFT:
    • 277.12
  • Tax ID:
    • 117323001
  • Total Expenses:
    • 215136.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Shawn Dixon
Shawn Dixon
Broker Associate
4192 Woodruff Ave. Lakewood CA 90713
Request More Info
33.87357 -117.5536

1087 Circle City Drive #101 Corona, CA 92879

255922721 33.87357 -117.5536 124 /listing/255922721-150191073/1087-circle-city-drive-no-101-corona-ca-92879 False 0 6580000.0 105 PW19265094 False
  • $6,580,000
  • 69,696 lot
  • Est payment $35322.86/mo