$2,125,000
 $11,407 est/mo Sourced by Back At You

801 S Merrill,Corona, CA 92882

Corona, CA 92882

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Description

801 S. Merrill Street is a nine-unit, two-story multifamily building in Downtown / Central Corona. Built in 1964, the property offers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units of approximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room for improvement. Market rents run approximately $1,800-$1,950 for the one-bedrooms and $2,100-$2,250 for the two bedrooms. Units feature open living/kitchen layouts and wall A/C, with common-area laundry, eight covered and two uncovered parking spaces, and plenty of street parking nearby. The building sits in a walkable downtown grid (Walk Score 81) south of Sixth Street and inside the historic Grand Boulevard circle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drive north via Main Street. North Main Metrolink is about one mile away. This is a value-add opportunity. With in-place rents averaging $1,639 on the one-bedrooms and $1,971 on the twobedrooms, a buyer can complete the interior program on the remaining units and move rents toward market. Downtown Corona remains a city revitalization target, which supports long-term location quality.

Details

MLS #PW26208059
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1964
Days On Site38
Listing Provided BySperry Commercial | James Wardlaw

Features

SQ Feet5,515
Story(s)2
Units9
Building(s)1
Acreage0.17

Interior

HeatingNone
Heating Yes / NoNo

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesBiking, Curbs, Hiking, Mountainous, Park, Sidewalks

Area Information

StateCA
CountyRiverside
CityCorona
Zip Code92882
Area248 Corona
Community NameN/A
Listing VS Median (in N/A)
Price:
$2,125,000
low | high
Med:
$687,500
100% of Average
sqft:
5,515
low | high
Med:
1,316
100% of Average
$ / sqft:
$385
low | high
Med:
$528
12.96879717726% of Average
On site:
38
low | high
Med:
333.5
11.394302848576% of Average
Sourced by Back At You

Market Activity 92882

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Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyRiverside
CityCorona
Zip Code92882
Area248 Corona
Community NameN/A
Listing VS Median (in N/A)
Price:
$2,125,000
low | high
Med:
$687,500
100% of Average
sqft:
5,515
low | high
Med:
1,316
100% of Average
$ / sqft:
$385
low | high
Med:
$528
12.96879717726% of Average
On site:
38
low | high
Med:
333.5
11.394302848576% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.593M - $2.656M
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
712 S Howard Property Photo 1
$2,000,000
712 S Howard
Corona, CA 92879
Listing Updated: October 15, 2026 at 5:33:20 PM PDT