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3957 S Neece Street, Corona, California 92879, Corona, 92879 - 2 bed, 1 bath

3957 S Neece Street, Corona, California 92879 home-pic-0
ACTIVE$335,000
3957 S Neece Street, Corona, California 92879
2Beds
1Bath
836Sqft
9,148Lot
Year Built
1936
Close
-
List price
$335K
Original List price
$335K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
IV25275117
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $335.0K(1th), sqft - 836(2th), beds - 2(5th), baths - 1(5th).

Fantastic Opportunity on a flat usable land in the city of Corona.! This 0.21 acre of property-acre lot in the heart of Corona an ideal location for building your custom home. The property had 2 bedrooms and 2 bathrooms which was removed leaving a clear and ready lot. seller is motivated, presenting a great opportunity for buyers looking to capitalize on the area's growth. With ample space for up built up to 3 units. zoning is R1 per County—this lot is perfect for expanding your business or adding to your investment portfolio. Don't miss out on this rare opportunity in a thriving market!*Motivate seller, will carry the loan. Financing available*** All Utilities at the property

Price History

Date
Event
Price
12/12/25
Listing
$335,000
Condition Rating
Tear down
The MLS listing explicitly states that the previous 2-bedroom, 2-bathroom structure was removed, leaving a 'clear and ready lot.' The provided images confirm this, showing only a vacant parcel of land. Therefore, there is no existing livable structure, kitchen, or bathroom to assess. The property's value is based solely on the land and its potential for redevelopment, aligning with the criteria for a 'tear-down' property, even though the demolition has already occurred.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 836.
High Development Potential: The property offers significant development potential, explicitly stating 'ample space for up built up to 3 units' and is zoned R1, making it ideal for investors or those looking to maximize their return in a growing market.
Cleared & Ready-to-Build Lot: The previous structure has been removed, leaving a 'clear and ready lot' on 'flat usable land,' which significantly reduces initial costs and time associated with demolition and site preparation.
Strategic Corona Location: Situated 'in the heart of Corona' within a 'thriving market,' this location offers strong growth prospects and desirability for future residents or businesses.
Attractive Seller Incentives: The 'motivated seller' is willing to 'carry the loan' and offers 'financing available,' providing a flexible and potentially advantageous purchasing option for buyers.
Essential Utilities On-Site: The presence of 'All Utilities at the property' ensures a smoother and less costly development process, as new connections will not be required.

Cons

Requires Full Construction Investment: As a cleared lot, the property demands a complete new build, entailing substantial construction costs, time, and project management from the buyer before any occupancy or income generation.
Zoning Clarification Needed for Multi-Unit: While the description states 'up to 3 units,' the 'R1 per County' zoning typically implies single-family residential. Buyers would need to verify local ordinances to confirm multi-unit development feasibility under R1 to avoid potential permitting challenges.
No Immediate Occupancy or Income: The absence of an existing structure means the property cannot generate immediate rental income or provide immediate housing, requiring a long-term investment horizon for development.

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