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1130 La Salle Cir - VACANT_LOT_BUILD_6 TO 10 HOMES 3.1 Acres of Commercial Land in Corona, CA 92879
Executive Summary
Land Size: ±3.10 Acres (±135,036 SF)
Zoning: R1-20 (City of Corona)
APN: 123-330-006
EASEMENT FOR ACCESS
DISCOUNT FOR ALL CASH OFFERS!!!
RECENT HOMES IN THE AREA HAVE SOLD FOR OVER A MILLION $$$$$
PROPERTY OVERVIEW
Rare opportunity to acquire a 3.1-acre residential infill parcel in the City of Corona, located in an established neighborhood near La Salle Circle. The site offers by-right single-family development with meaningful density upside for builders or developers pursuing a subdivision or rezoning strategy.
This is a clean, flat-to-gently sloping land play with surrounding residential development, utilities nearby, and strong long-term fundamentals driven by limited land supply in the Corona submarket.
DEVELOPMENT POTENTIAL / YIELD
By-Right Zoning (R1-20):
• Approx. 6 single-family homes (20,000 SF minimum lot size; Subject to City Approval)
Upside Scenario (Subject to City Approval):
• Conceptual subdivision into ~9–10 single-family lots at ~10,000 SF per lot
• Ideal for small-lot or entry-level product targeting Corona demand
A conceptual yield sketch and valuation support materials are available upon request.
PRICING & VALUE POSITIONING
CALL FOR PRICING GUIDANCE
Implied Land Basis: ~$8.10 per SF
Recent closed land sales in the area reflect higher $/SF pricing for smaller, entitled parcels, while larger bulk residential land trades at a discount. This pricing captures future upside while remaining financeable and underwritable for real developers.
KEY HIGHLIGHTS
3.1 acres in a supply-constrained residential market
R1-20 zoning with subdivision/rezoning upside
Attractive basis relative to finished lot values
Suitable for builders, developers, or long-term investors
Close proximity to schools, retail, and major arterials
Strong Corona residential demand fundamentals
INVESTMENT THESIS
This site presents a classic entitlement-driven value-add opportunity:
Build 6 estate-style homes by right, or
Pursue approvals to unlock higher density and increased land value to develop 9-10 homes with city approval
The property is well-suited for developers seeking scalable yield without competing against institutional land pricing.
UTILITIES SUMMARY - BUYER OVERVIEW
The subject parcel at 1130 La Salle Circle, Corona, CA benefits from its location immediately adjacent to an established single-family residential neighborhood, significantly reducing off-site utility extension risk.
ELECTRIC:
Electric service is available in the surrounding residential area and can be extended to the site. While final costs will depend on load, design, and whether service is required to be underground, proximity to existing infrastructure materially lowers uncertainty compared to raw land. A buyer may request a will-serve letter and preliminary design from the local utility to confirm capacity and final cost
WATER & SEWER
Municipal water and sewer lines are present in the area and available for connection, subject to standard city and utility provider approvals. Typical connection fees and on-site improvements should be anticipated for subdivision or single-family development.
GAS & TELECOM
Natural gas and telecommunications services are available nearby and can be extended as part of a standard residential development process.
OVERALL UTILITY RISK PROFILE
Given the parcel’s infill location, flat-to-gently sloping topography, and surrounding residential uses, utility availability is considered typical and manageable for a Corona infill subdivision, with no known extraordinary off-site infrastructure requirements identified at this stage.
BUYER TAKEAWAY
This is not speculative “raw land.” Utilities are nearby, the neighborhood is built out, and the primary remaining work is standard on-site extension and coordination — exactly the profile most residential developers target.
Utility Disclaimer: Availability, capacity, routing, and final connection costs for all utilities are subject to confirmation by the applicable service providers and governing agencies; buyer to independently verify all utility conditions and requirements.
CONFIDENTIALITY / DISCLAIMER
Buyer to verify zoning, density, development feasibility, utilities, and all due diligence matters with the City of Corona. All development scenarios are conceptual and subject to approval.
Disclaimer: All information is deemed reliable but not guaranteed and has been obtained from third-party sources. Buyer is advised to independently verify zoning, development standards, utility availability, and the permitted number of homes that may be constructed with the appropriate governmental agencies and professionals. Millenia Commercial Real Estate makes no warranties as to accuracy and assumes no liability for reliance on this information.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 3.10 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.10 AC |
1 Lot Available
Lot
| Lot Size | 3.10 AC |
| Lot Size | 3.10 AC |
The property consists of ±3.10 acres (±135,036 SF) of vacant residential land located at 1130 La Salle Cir in the City of Corona. The site is situated within an established single-family residential neighborhood and offers a rare opp.
Description
LOT DESCRIPTION The property consists of ±3.10 acres (±135,036 SF) of vacant residential land located at 1130 La Salle Cir in the City of Corona. The site is situated within an established single-family residential neighborhood and offers a rare opportunity to acquire infill land of meaningful scale in a supply-constrained submarket. The parcel is generally flat to gently sloping, with surrounding residential development and utilities available in the vicinity (buyer to verify). Access is provided via La Salle Cir, and the site configuration is conducive to either estate-style development under current zoning or a future subdivision layout, subject to City approvals. The property is zoned R1-20, allowing for single-family residential development at a minimum lot size of 20,000 square feet, supporting approximately six (6) homes by right. The site also presents density upside for buyers seeking to pursue a REZONING or smaller-lot subdivision strategy, subject to municipal approval TO ALLOW 9-10 HOMES TO BE BUILT!! The surrounding area has experienced strong residential sales activity, with nearby single-family homes recently selling in excess of $1,000,000, reinforcing the long-term desirability of the location and supporting favorable finished-home pricing for builders. This offering is well-suited for custom home builders, small to mid-size developers, or long-term land investors seeking exposure to one of Corona’s established residential neighborhoods with limited new land supply.
Property Taxes
| Parcel Number | 123-330-006 | Improvements Assessment | $0 CAD |
| Land Assessment | $656,010 CAD | Total Assessment | $656,010 CAD |
Property Taxes
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1130 La Salle Cir - VACANT_LOT_BUILD_6 TO 10 HOMES
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