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$1,245,000 -$50,000 (-3.86%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 15 hours ago
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Exceptional investment opportunity in the heart of Corona! This fully remodeled 3-unit property offers strong cash flow potential with stable, on-time paying tenants already in place. All units will be delivered tenant-occupied, providing immediate income for the next owner. Unit mix includes: •5 bedrooms / 2 bathrooms •4 bedrooms / 2 bathrooms •3 bedrooms / 2 bathrooms Each unit has been recently upgraded, offering modern finishes and desirable layouts-ideal for long-term tenant retention and market-ready rent potential. Tenants are currently month-to-month, giving investors flexibility for future rental adjustments while maintaining steady income from day one. With its size, location, and updated interiors, this property is perfect for investors seeking a turnkey, cash-flowing multi-family asset in a high-demand rental area.

Full Property Details for 1240 E St

General

  • Price: $1,245,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW25263979
  • Updated: 1/15/2026
  • Days on Market: 53 days
  • Added to Site: 54 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Assigned, Automatic Driveway Gate
  • Parking: Assigned, Automatic Driveway Gate

Location

  • Area: 248 - Corona
  • County: Riverside
  • Development Name: 248 - Corona
  • Driving Directions: 6th & Lincoln

Heating & Cooling

  • Heating Type: Wall Furnace

Utilities

  • Sewer: Private Sewer
  • Water: Public
  • # Water Meters: 3
  • # Gas Meters: 3
  • # Electric Meters: 3

Structural Information

  • Entry Location: Ground
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 3,000
  • Year Built: 2006

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 4

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 5

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,970
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $415
  • Price Per Unit: 415000

Listed by Century 21 Allstars, Karen Castillo

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Listing agent

— 1240 E St —

  • Karen Castillo

    Century 21 Allstars

310-863-0030

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1240 E St

School District:Corona-Norco Unified School District
NameGradesDistance
John Adams Elementary School, Corona, CA
2350 Border Avenue, Corona, CA 92882
K-61.8 mi
Letha Raney Intermediate School
1010 Citron Street, Corona, CA 92882
7-81.2 mi
Corona High School
1150 West 10th Street, Corona, CA 92882
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1240 E St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/14/2026
Price Reduced
$1,245,000
-3.86%
MLS
11/23/2025
Listed
$1,295,000
36.32%
MLS
8/25/2021
Sold
$950,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1240 E St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,557
5%
$1,008,147
2%
2024
$10,959
1%
$988,380
2%
2023
$10,807
2%
$969,000
2%
2022
$10,622
69%
$950,000
71%
2021
$6,271
1%
$555,698
1%
2020
$6,202
10%
$550,000
10%
2019
$5,616
3%
$499,392
2%
2018
$5,479
3%
$489,600
2%
2017
$5,345
118%
$480,000
124%
2016
$2,449
429%
$214,353
470%
2015
$463
3%
$37,588
2%
2014
$449
—
$36,852
—
2013
$448
—
$36,687
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1240 E St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Century 21 Allstars, Karen Castillo

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1240 E Street, Corona, CA 92882 (MLS# DW25263979) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 1240 E Street is currently listed for $1,245,000 and was received on November 23, 2025. Want to learn more about 1240 E Street? Do you have questions about finding other Multi-Family real estate for sale in Corona? You can browse all Corona real estate or contact a Coldwell Banker agent to request more information.

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