New

$2,000,000

For Sale

3 days ago

712 S Howard St, Corona, CA

Name: 712 S Howard St, For Sale in Corona - eXp Realty
Brand: MARCUS & MILLICHAP
SKU: CV26189840
Price: 2000000 USD

Condo

MLS® CV26189840

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage

HOA Fees

Taxes $22,493

Days Active 4

Approx. Age 1963

MLS® Number CV26189840

Property Address: 712 S Howard, Corona, CA, 92879

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present the The Howard Apartments, a 10-unit multifamily investment property located at 712 S Howard Street in Corona, California. The property is currently operating at approximately a 5.04% cap rate with rents approximately 20% below market, providing investors with an attractive value-add opportunity and potential for future income growth. Effective January 2027, scheduled rent increases across all 10 units will generate an additional $950 per month in rental income, or approximately $11, 400 annually. Based on current operating performance, these increases are projected to result in an approximate 5.60% cap rate, with additional rental upside providing the potential for a pro forma cap rate approaching 7.00%. Built in 1963, the two-story property consists of approximately 6, 000 square feet on an approximately 7, 405-square-foot lot. The unit mix consists entirely of 10 one-bedroom / one-bathroom units averaging approximately 600 square feet each. Current ownership has completed several capital improvements, including the refurbishment of six units, installation of tile showers in seven units, copper water line repiping approximately 10 years ago, and roof replacement approximately six to seven years ago. Most water heaters have also been replaced, and electric heaters were installed approximately five to seven years ago. Additional features include ample tenant parking and an on-site laundry room. The property is all-electric with no gas service. The property benefits from a central Corona location with convenient access to employment, shopping, dining, transportation, and everyday amenities. Nearby State Route 91 and Interstate 15 provide connectivity throughout the Inland Empire, Orange County, and the greater Southern California region. Please do not disturb tenants, walk the property, or contact anyone at the property. Interior inspections will be conducted only upon an accepted offer.

MLS® NumberCV26189840

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1963

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatNone

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 29, 2026List Date

$2,000,000List Price

Commute

Commute

Starting Address

Destination Address

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