801 S Merrill, Corona, CA 92882

Description

801 S. Merrill Street is a nine-unit, two-story multifamily building in Downtown / Central Corona. Built in 1964, the property
offers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units of
approximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room for
improvement. Market rents run approximately $1,800–$1,950 for the one-bedrooms and $2,100–$2,250 for the two bedrooms.
Units feature open living/kitchen layouts and wall A/C, with common-area laundry, eight covered and two
uncovered parking spaces, and plenty of street parking nearby.
The building sits in a walkable downtown grid (Walk Score 81) south of Sixth Street and inside the historic Grand Boulevard
circle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drive
north via Main Street. North Main Metrolink is about one mile away.
This is a value-add opportunity. With in-place rents averaging $1,639 on the one-bedrooms and $1,971 on the twobedrooms,
a buyer can complete the interior program on the remaining units and move rents toward market. Downtown
Corona remains a city revitalization target, which supports long-term location quality.

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801 S Merrill

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