4120 S Neece, Corona, CA 92879

$600,000

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List Price
$600,000
Status
ACTIVE
MLS#
OC26172827
Year Built
1968
Lot Size
9,583
Acres
0.22
Lot Location
Back Yard
Days on Market
1
Property Type
Multifamily
Property Sub Type
Duplex
Stories
One Level
Neighborhood
Riverside Valley Homes Gardens

Property Description

Welcome to this well-located Corona duplex offering an excellent opportunity for investors seeking an income-producing property with long-term potential. Situated on a spacious approximately 9,583 sq. ft. lot, this property features two separate 2-bedroom units with approximately 1,380 sq. ft. of total living space. Both units are currently tenant-occupied, and the property is being sold with the existing tenants in place, providing the new owner with established rental income from the start of ownership. The property has benefited from several significant improvements, including new HVAC installed in 2024, a newer roof, new windows, and an upgraded electrical system—valuable improvements that enhance the property's overall appeal and help position it for continued long-term ownership. The generous lot provides additional outdoor space and potential flexibility for the future. Buyers are encouraged to independently investigate and verify any possibilities for expansion, improvements, additional units, or ADU development with the appropriate governmental authorities. Conveniently located in Corona with access to shopping, dining, schools, services, and major commuter routes, including nearby freeway access, this duplex combines an established location with existing income and future potential. TWO 2-BEDROOM UNITS | APPROX. 1,380 TOTAL SQ. FT. | APPROX. 9,583 SQ. FT. LOT | NEW HVAC 2024 | NEWER ROOF | NEW WINDOWS | UPGRADED ELECTRICAL | TENANT OCCUPIED | EXISTING RENTAL INCOME A great opportunity to acquire a tenant-occupied duplex on a large lot in Corona with substantial property improvements and long-term investment potential. Don't miss this opportunity!

Additional Information

Pool Description
None
Heat
Central
View
None
Sewer
Public Sewer
Water
Public
Interior Features
All Bedrooms Down
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$39,840
Operating Expense
9202

Listing courtesy of Listing Agent: Philip Bendler (pbendler@riserealtyca.com) from Listing Office: Rise Realty.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.