311 E 8th Street & 723 S Victoria Avenue 723 S Victoria Ave 3 Unit Apartment Building $1,535,512 CAD ($511,837 CAD/Unit) 3.36% Cap Rate Corona, CA 92879

SINGLE FAMILY RESIDENCE
723 S VICTORIA AVE, CORONA
CBRE, Inc. presents 723 S Victoria Avenue in Corona, a charming single-family residence with a remarkable value proposition. Located just off the 91 Freeway at Main Street, this property is situated within Corona’s historic “Circle”—an area central to the city’s charming Grand Boulevard. This inviting 1,103-square-foot home, featuring two bedrooms and one bathroom, sits on a spacious 5,663-square-foot lot. Built in 1924, the property exudes classic character and includes modern conveniences such as a fully equipped kitchen, in-unit washer and dryer hookups, wall air conditioning, and a private yard. Its attached garage and driveway parking, complemented by mature landscaping and a gated/fenced perimeter, enhance its appeal, making it an ideal choice for a first-time home buyer or a savvy investor seeking a profitable flip.
This unique offering extends beyond the single-family home, as it is situated adjacent to a modern 2010 duplex on a separate, but combined, ±10,455-square-foot lot. While the properties are currently part of a portfolio sale and the owner would prefer to sell them together, they will consider selling the single-family residence separately. This flexibility provides a rare chance to acquire a standalone property at a price point below neighborhood comparable sales, representing a significant deal in the competitive Inland Empire market. The SFR is a compelling opportunity to enter the market with a stable and valuable asset.
Whether you’re a first-time home buyer, an investor looking to expand your portfolio, or considering a 1031 exchange, this property delivers exceptional value and enduring stability in a dynamic Southern California market. The Inland Empire continues to present more competitive entry points than other regions, and this home is a prime example of a solid investment. Its combination of classic charm, modern amenities, and a strategic location provides a secure foundation for long-term growth and a promising future.

DUPLEX
311 E 8TH ST, CORONA
CBRE, Inc. is pleased to exclusively present an exceptional opportunity to acquire a high-quality duplex at 311 E 8th Street in Corona. Built in 2010 on a spacious 4,792 SF lot, this modern duplex features a classic Spanish tile roof. The property is ideally located just off Main Street, adjacent to the 91 Freeway, and is part of Corona’s historic “Circle” and the charming Grand Boulevard.
Property Highlights
This offering is one component of a larger, single-parcel triplex portfolio that includes a classic 1924 two-bedroom, one-bathroom home on an adjacent parcel. While the owner would prefer to sell the properties together as a combined offering of approximately 10,455 total square feet on two adjacent parcels, this duplex is available separately. This offers flexibility for an owner-user seeking income or an astute investor looking for a high-quality asset with significant growth potential. Each contemporary duplex unit features an attached two-car garage, and both units are equipped with kitchens, individual AC/heating, window coverings, and washer/dryer hook-ups. The downstairs unit has a spacious, landscaped front yard, while the upstairs unit boasts a large private patio. The property’s inviting outdoor spaces are complemented by mature landscaping and vibrant palm trees.
Central Location & Inland Empire Advantage
The subject property offers a central and highly accessible location with convenient access to the Metrolink Corona North Commuter Rail Station, making commutes a breeze for residents. The property is in close proximity to Corona Regional Medical Center and diverse shopping centers, theaters, restaurants, trendy shops, and outdoor malls, catering to every lifestyle need. This investment benefits from its strategic position within the Inland Empire, a compelling market for multifamily investors. Riverside County boasts a robust and growing workforce driven by major regional distribution centers, which consistently attract new residents and create a strong, stable demand for rental housing. This economic foundation provides appealing stability and minimizes vacancy risk, ensuring sustainable and attractive returns for investors.
Investment & Owner-User Opportunity
The Inland Empire continues to offer more competitive entry points than other Southern California markets, positioning this duplex or triplex as a strategically attractive option for portfolio diversification or market entry. This Corona triplex represents a perfect owner-user opportunity with significant rental upside potential, ensuring a stable and valuable long-term investment. Whether you’re a first-time investor seeking to enter the market, a seasoned professional looking to expand your portfolio, or considering a 1031 Exchange, this property delivers exceptional stability and enduring value in a dynamic Southern California market.