570 Penrose Corona, CA $ 1,799,900
570 Penrose
$ 1,799,900
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570 Penrose

Corona, CA, 92878
$ 1,799,900
Baths1.1 Sq 4,700

Monthly Estimate*

$ 11,365

Listed by Selling OC Real Estate
570 Penrose, Corona, CA 92878 - Image 1
570 Penrose, Corona, CA 92878 - Image 2
570 Penrose, Corona, CA 92878 - Image 3
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Studio

Multi-Family Home for sale in Corona, CA

for $1,799,900 with 1 full bath, 1 half bath. This 4,700 square foot home was built in 1964 on a lot size of 0.19.

Over $11,100 in monthly rental income! Here's your chance to own a beautifully renovated 4-plex, now available in the heart of Corona. This upscale property is in a very quiet and peaceful neighborhood of Corona, conveniently located just minutes from the 91 Freeway, Corona's Metrolink Station, and also the "Metro at Main" commercial center - a brand-new mixed-use project consisting of more than 60,000 square feet of ground-floor retail. Perfectly situated on a corner lot within a gated courtyard, each unit of the building is two levels, townhome style, with nobody above or below, offering much more privacy for each tenant. The property consists of two spacious 3-bed/1.5 bath units, and two 2-bed/1.5 bath units. The building has just been repainted and upgraded with all-new landscaping, including a drip system which requires minimal water use. Each unit has been upgraded with central A/C, which is very rare for this area, and an added value for tenants. There are two detached 2-car garages, which offer one assigned space for each unit. All tenants keep to themselves and pay rent on time. Two of the units receive Section 8 assistance, with direct deposits sent to your bank account for rent every month. This beautiful property can be sold by itself, or together with it's neighboring 4-plex at 586 Penrose Drive. Don't miss out on this unique opportunity!

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Multi-Family Active

Price

$ 1,799,900

Bedrooms

Studio

Full Bath

1

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.19

Year Built

1964

Town/City

Corona

County/Region

Riverside

MLS | Web ID

OC26194182

Days on Market

4

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Possession Close Of Escrow
Roof Composition Shingle
HOA Fee 0
Garage Spaces 4
Architectural Style Contemporary
Pool Features None
Security Features Carbon Monoxide Detector(s) Gated Community Resident Manager Smoke Detector(s) Security Lights
Construction Materials Stucco
Year Built 1964
Tenant Pays All Utilities Other Parking Fee See Remarks
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 134016
Community Features Curbs Gutter(s) Street Lights Suburban Sidewalks Gated
County Riverside
Net Operating Income 122636
Operating Expense 11380
Insurance Expense 2400
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Penrose Drive
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Please use navigation
City Corona
Entry Location First Floor
Senior Community Y/N false
Number Of Units Total 4
MLS Area 248 - Corona
Lot Size Units Square Feet
Lot Size Square Feet 8276
Number of Units Leased 4
Listing Terms Cash to New Loan FHA Submit VA Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 300
Fuel Expense 400
Property Condition Updated/Remodeled
Trash Expense 2880
Water Sewer Expense 4200
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 13
Total Actual Rent 11168
Property Sub Type Additional Quadruplex
Expected Active Date 2026-09-07
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Interior
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall No One Above No One Below
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Laundry Features Common Area Laundry Room
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Stucco Wall Wrought Iron
Parking Features Door-Multi Garage Garage Door Opener Off Street Garage Faces Rear
Lot Features Corner Lot Drip Irrigation/Bubblers Landscaped Level Sprinkler System Yard
Water Source Public
Total Parking 4
Lot Size Area 8276
Number of Buildings 1
Building Area Total 4700
Lot Size Acres 0.19
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Selling Oc Real Estate

Broker

Cameron@SellingOC.com

Email

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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2026$1,799,900 Listed Price

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570 Penrose, Corona, CA, 92878 is a Multi-Family Home for sale at $1,799,900 with 4,700 sqft and a lot size of 0.19. 570 Penrose is a studio with 1.1 baths and was built in 1964. The property's zip code is 92878 which is in Corona, CA