924 Lorna Street, Corona, California 92882, Corona, 92882 - 3 bed, 2 bath

924 Lorna Street, Corona, California 92882 home-pic-0
ACTIVE$699,999
924 Lorna Street, Corona, California 92882
3Beds
2Baths
1,291Sqft
8,276Lot
Year Built
1963
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
OC25265173
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $700.0K(24th), sqft - 1291(12th), beds - 3(38th), baths - 2(41th).

Ideal Fix & Flip, Long-Term Hold, or Family Home With Room to Grow. Welcome to 924 Lorna St, a probate opportunity with the kind of upside that appeals to both savvy investors and families looking to create their dream home. This 3-bedroom, 2-bathroom property offers 1,292 sq. ft. of living space on a generous 8,276 sq. ft. lot—perfect for immediate renovation potential or long-term value growth. Fresh new sod has been installed in both the front yard and backyard, giving the property a clean, inviting look and a head start on curb appeal. The oversized driveway can accommodate multiple vehicles, and there’s dedicated small RV or boat parking behind the gated side yard—rare for the neighborhood. The attached garage provides direct access into the home, adding convenience and security. Inside, the home is fully original and ready for a complete renovation—prime for investors looking for a straightforward fix-and-flip, a buy-and-hold rental, or a value-add strategy. There’s even an option for a mini-renovation to open up the layout and create a true great-room concept, increasing functionality and modern appeal without a massive construction budget. A bonus enclosed patio/sitting room offers flexible extra space for a kids’ play area, fitness room, home office, or entertainment lounge—whatever suits your vision. For retail buyers or families, this home is a blank canvas where you can design every finish to your taste while building instant equity in a great Corona neighborhood. For investors, the location, lot size, simple floor plan, and renovation scope make this a highly desirable and profitable project. The home may qualify for conventional financing, and is also ideal for cash buyers ready to start work immediately. With solid bones, a roomy lot, and endless potential, 924 Lorna St offers the perfect balance of opportunity and vision—no matter your exit strategy. Find out more today!

Price History

Date
Event
Price
11/23/25
Listing
$699,999
Condition Rating
Poor

Built in 1963, the property is explicitly described as 'fully original' and 'ready for a complete renovation.' This indicates that all interior components, including the kitchen, bathrooms, appliances, light fixtures, flooring, and major systems (electrical, plumbing, HVAC), are severely outdated and require substantial rehabilitation and replacement. While the exterior has new sod and the listing mentions 'solid bones,' the extensive interior work needed aligns with the 'Poor' condition criteria, requiring significant investment beyond minor updates.
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 = 8276, living area = 1291.
Versatile Investment Opportunity: The property is ideal for various strategies, including fix & flip, long-term hold, or as a family home, appealing to a wide range of buyers.
Generous Lot Size: A substantial 8,276 sq. ft. lot offers ample outdoor space, potential for expansion, and enhanced privacy.
Enhanced Curb Appeal & Ample Parking: Freshly installed sod in both front and back yards, an oversized driveway, and rare dedicated gated RV/boat parking significantly boost curb appeal and utility.
Flexible Bonus Living Space: An enclosed patio/sitting room provides valuable additional square footage, adaptable for various uses like a home office, play area, or entertainment lounge.
Strong Renovation Upside & Solid Foundation: Described as having 'solid bones' and being a 'blank canvas,' offering significant potential for buyers to customize and build instant equity through renovation.

Cons

Extensive Renovation Required: The home is 'fully original' and 'ready for a complete renovation,' indicating a substantial immediate capital investment will be necessary for modernization.
Significantly Overpriced Relative to Market Estimate: The current listing price is 19% above the estimated market value, which may deter potential buyers and necessitate a price adjustment.
Outdated Systems & Finishes: Built in 1963, the property likely has original major systems (e.g., electrical, plumbing, HVAC) and interior finishes that will require comprehensive updating during renovation.

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