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831 W 7th Street, Corona, California 92882, Corona, 92882 - bed, bath

831 W 7th Street, Corona, California 92882 home-pic-0
ACTIVE$645,000
831 W 7th Street, Corona, California 92882
0Bed
0Bath
1,288Sqft
7,405Lot
Year Built
1954
Close
-
List price
$645K
Original List price
$645K
Price/Sqft
$501
HOA
-
Days on market
-
Sold On
-
MLS number
IG25195524
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $645.0K(33th), sqft - 1288(17th), beds - undefined(50th), baths - undefined(50th).

Welcome to 831 W 7th St, a duplex just minutes from Downtown Corona. Multifamily homes in this area are hard to come by, making this a unique chance to own a property with incredible upside. Each unit offers 2 bedrooms and 1 bathroom. Sitting on a 7,405 sq ft lot, this property provides flexibility for upgrades and value-add improvements. While it does need some work, the sellers have already reduced the price to account for repairs—creating a true opportunity for buyers to build equity. Located in the Corona-Norco Unified School District, families will appreciate being close to Jefferson Elementary, Letha Raney Intermediate, and Corona High School. The neighborhood is walkable, with easy access to shopping, dining, and public transportation. Whether you’re looking to renovate and resell, live in one unit while renting the other, or hold long-term for appreciation, this duplex stands out as one of the few multifamily options available in Corona. Don’t miss your chance to secure this rare property—schedule a showing today!

Price History

Date
Event
Price
08/29/25
Listing
$645,000
Condition Rating
Poor
Built in 1954, this 70-year-old duplex explicitly 'needs some work' according to the listing. Images confirm significant deferred maintenance: the kitchen is highly dated with old cabinets, basic countertops, and no modern appliances. Flooring consists of old, worn tiles. The presence of a window AC unit indicates a lack of central heating/cooling, a major system deficiency. The exterior shows peeling paint and general neglect. The property requires substantial repairs and rehabilitation to address outdated systems and bring it to a comfortable and functional living standard.
Pros & Cons

Pros

Rare Multifamily Opportunity: Duplexes are scarce in this Corona area, offering a unique investment chance with significant upside potential due to high demand for multifamily properties.
Value-Add Potential: The property is explicitly priced to account for necessary repairs, creating an excellent opportunity for buyers to build equity through strategic renovations and improvements.
Strategic Location: Situated just minutes from Downtown Corona, the property boasts excellent walkability and convenient access to local shopping, dining, and public transportation.
Desirable School District: Located within the highly-regarded Corona-Norco Unified School District, enhancing its appeal to families and supporting long-term rental demand.
Generous Lot Size: A substantial 7,405 sq ft lot provides ample space for potential expansions, landscaping enhancements, or even future Accessory Dwelling Unit (ADU) development.

Cons

Requires Significant Renovation: The property is noted to 'need some work,' indicating a necessity for substantial repairs and upgrades to modernize the units and maximize rental income.
Age of Construction: Built in 1954, the property likely features outdated electrical, plumbing, and HVAC systems, as well as finishes, which will require considerable capital investment for modernization.
Compact Unit Sizes: With a total of 1288 sq ft for two units, each 2-bedroom, 1-bathroom unit is relatively compact, which might limit the tenant pool or rental income potential compared to larger units.

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