1020 La Terraza

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1020 La Terraza

Corona, CA 92879
Asking Price
$430K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in Corona, California.
  • Property contains one unit available for acquisition.
  • Asking price for this asset is $430,000.
  • Positioned within a growth-oriented Inland Empire submarket.
  • Ideal asset for investors seeking small-scale residential holdings.

What's Special

Corona, California, serves as a prominent gateway between the Inland Empire and Orange County, providing residents with convenient access to major regional transit corridors and a stable local economy. This multifamily asset, situated at 1020 La Terraza, consists of a single apartment unit available for purchase at an asking price of $430,000. The property is positioned within a well-established submarket that benefits from consistent demand for rental housing due to its proximity to regional employment hubs. Investors focusing on smaller-scale residential acquisitions may find this site suitable for long-term hold strategies or as a strategic addition to a boutique portfolio. Given the ongoing growth throughout the region, this apartment building presents a clear entry point into the local multifamily sector for those seeking to capitalize on Southern California residential trends.

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NOI
$80,000
Cap Rate
18.60%
DSCR
3.13
Strong
Cash-on-Cash
42.23%
Monthly Payment
$2,127.405
Annual Cash Flow
$54,471.135

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