311 E 8th Street & 723 S Victoria Avenue 723 S Victoria Ave Immeuble residentiel 3 lots 1 225 742 € (408 581 €/Lot) Taux de capitalisation 2,41 % Corona, CA 92879

CBRE, Inc., as exclusive advisor, is proud to present an exceptional opportunity to acquire a 3-unit multifamily property located at 723 Victoria Avenue and 311 E 8th Street in Corona. This versatile property is ideally situated adjacent to the 91 Freeway, just off Main Street, within Corona’s historic “Circle”—an area central to the city’s charming Grand Boulevard. This offering presents a perfect scenario for an owner-user seeking income or an astute investor looking for an asset with significant growth potential in a burgeoning market.
Property Highlights
This distinctive property encompasses three residences situated on two individual adjacent parcels combining for a substantial total lot size of ±10,455 square feet. The offering includes a classic 1924 two-bedroom, one-bathroom home on one parcel, alongside a modern 2010 duplex on an adjacent parcel. The contemporary duplex features an appealing Spanish tile roof, and all residences are complemented by inviting outdoor areas with mature landscaping and vibrant palm trees. The standalone home provides enhanced privacy with its brick-gated yard and an attached garage. Each duplex unit offers the convenience of an attached two-car garage, with the downstairs unit further benefiting from a spacious, landscaped front yard. The upstairs duplex unit boasts a spacious private patio. All three residences come fully equipped with kitchens, individual AC/heating, window coverings, and washer/dryer hook-ups.
Central Location & Inland Empire Advantage
The subject property offers a central and highly accessible location with convenient access to the Metrolink Corona North Commuter Rail Station, making commutes a breeze for residents. The property is in close proximity to Corona Regional Medical Center and diverse shopping centers, theaters, restaurants, trendy shops, and outdoor malls, catering to every lifestyle need. This investment benefits from its strategic position within the Inland Empire, a compelling market for multifamily investors. Riverside County boasts a robust and growing workforce driven by major regional distribution centers, which consistently attract new residents and create a strong, stable demand for rental housing. This economic foundation provides appealing stability and minimizes vacancy risk, ensuring sustainable and attractive returns for investors.
Investment & Owner-User Opportunity
The Inland Empire continues to offer more competitive entry points than other Southern California markets, positioning this triplex as a strategically attractive option for portfolio diversification or market entry. This Corona triplex represents a perfect owner-user opportunity with significant rental upside potential, ensuring a stable and valuable long-term investment. Whether you’re a first-time investor seeking to enter the market, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this property delivers exceptional stability and enduring value in a dynamic Southern California market.