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570 Penrose Drive

Corona, CA 92878

$1,525,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $324 / sqft

1964

calendar_month Built

Property Description

We are delighted to present this improved 4-unit fourplex a rare blend of 3-bedroom and 2-bedroom townhouse units. This is an income producer. The larger units bring more income and long-term stable tenants. The well-maintained and gated complex includes additional income opportunities through rented garage space. Located near downtown Corona, this community benefits from surrounding growth and city enhancements. The community is comprised of four townhome units with communal spaces downstairs and bedrooms upstairs. The end units offer a third bedroom, contributing significantly to the income. The current owners have made extensive improvements, such as installing centralized HVAC, block-walled patios, and a private central courtyard. Each unit comes with over two years of years of prepaid insurance through Choice Home Warranty, covering most repair services for both owners and tenants. Additional amenities include ceiling fans, private patios, and entries opening to an attractive central greenbelt. The units are individually metered for electricity and gas, with the owner covering water and trash expenses. The property also generates extra income through garage rentals that are sold with the units. For potential investors, this property provides an opportunity to acquire a substantial income-producing asset in one of Riverside County's most desirable locations. The actual rental income is far higher than comparable units with additional room for upside.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Tile, Vinyl
Fireplace Information
Features Bath, Family Room, Kitchen, Living Room, Primary Bedroom, Patio, Electric, Gas
Interior Information
Features Ceiling Fan(s)
Cooling Type Central Air, Electric

Listing Information

Address 570 Penrose Drive
City Corona
State CA
Zip 92878
County Riverside
Listing Agent Daniel Adelseck DRE#01264960
Courtesy Of Dan Adelseck Realty
MLS PW24129998
List Price $1,525,000
Status Active
Type Residential Income
Subtype Townhouse
Structure Size N/A
Lot Size 8,276
Year Built 1964
DOM 9

Exterior Information

Maps

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Listing information courtesy of: Daniel Adelseck, Dan Adelseck Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 4th, 2024 at 5:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.