We are pleased to exclusively present Arcadia Street Apartments. A four unit, single story multi family investment located in the supply constrained City of Corona, California. Surrounded by single family homes, the units are situated on .45 acres and is comprised entirely of one hundred percent two bed/one bath units. Offered for the first time in 44 years, the property presents the investor an opportunity to acquire a significant value add opportunity with rental upside nearing almost fifty percent. HIGHLIGHTS INCLUDE: *Located on a Hillside Cul-de-Sac Surrounded by Single Family Homes *Less Than Two-Mile Drive to Power Retail Centers Crossings at Corona & Shops at Dos Lagos * Single Story Construction | All Two-Bedroom Units *Individually Metered for Gas & Electricity | Individual Water Heaters *Detached Garages *Central Air Conditioning *Achievable Proforma CAP Rate of 7.75%
Based on information from California Regional Multiple Listing Service, Inc. as of June 1st, 2020 at 2:05am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.