ActiveResidential · sale

2448 Corona

Norco, CA 92860

$789,000

  • 4 beds
  • 2 baths
  • 1,400 sq ft
  • 0.24 acres
  • Built 1964

Listed by HomeSmart Realty Group · MLS #PW26108051

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1964.

Garage parking

2 garage spaces listed.

Property size

0.24 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A completely reimagined Norco ranch home that delivers designerlevel finishes extraordinary outdoor living spaces and one of the most compelling ADU income opportunities in the entire Inland Empire market From the moment you arrive the professional twilightlit entry and freshly painted white stucco exterior set the tone this home was done rightA RENOVATION BUILT WITH INTENTIONTHE KITCHEN THAT CHANGES EVERYTHINGThe openconcept kitchen has been completely rebuilt Gray shaker cabinetry with matte black bar pulls a stunning kitchen island with pendant lighting overhead Quartz countertops in crisp white complemented by white subway tile backsplash Stainless steel appliance suite gas range builtin microwave and dishwasher From the island an open living space This is the openconcept flow that buyers search forTWO BATHROOMS BOTH STUNNING BOTH COMPLETELY DIFFERENTTHE PRIMARY SUITE YOUR PRIVATE PALM OASISThe primary bedroom is already exceptional spacious lightfilled and beautifully finished But what lies beyond the sliding glass door is what will make you fall completely in love with this home Step outside into a fully private enclosed courtyard retreat unlike anything you will find in this price range A resortcaliber outdoor sanctuary Spa hookups in place Drop in your hot tub light the fire pit add a water feature or simply sit beneath the palms This is your personal escape steps from your bedTHE COVERED PATIO YOUR YEARROUND OUTDOOR ROOMTHE ADU OPPORTUNITY THIS IS WHERE THE REAL VALUE LIVESVery few properties at any price point offer what 2448 Corona Ave delivers in terms of income and expansion potential Here is what is already in placeTHE DETACHED GARAGE ADU READY RIGHT NOW The fully detached stuccoexterior twocar garage is a substantial standalone structure with its own roofline its own separate electrical meter existing electrical service and plumbing infrastructure already roughed in Under Californias historic ADU legislation the most permissive and buyerfriendly ADU laws in state history this structure is positioned for conversion into a fully permitted incomegenerating ADU with a significantly streamlined approval process A converted garage ADU in the NorcoCorona corridor commands good rental income That is a mortgage offset a retirement asset or a multigenerational living solution all in a building that already exists

THE NEIGHBORHOOD

Explore the location.

2448 Corona, Norco, CA 92860

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1964
Full baths
2
Garage spaces
2
Cooling
CentralAir,Gas
Heating
Central
Appliances
GasCooktop,GasOven,GasWaterHeater
Flooring
Vinyl
Pool
No
Pool features
None
Parcel
125062006
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,287.50
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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2448 Corona, Norco, CA 92860 · MLS #PW26108051

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Listing information

MLS #PW26108051 · California Regional MLS

Listing brokerage: HomeSmart Realty Group
Listing agent: William Spradley

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.