801 Merrill Corona, CA 92882

2,125,000

801 S. Merrill Street is a nine-unit, two-story multifamily building in Downtown / Central Corona. Built in 1964, the propertyoffers seven one-bedroom / one-bath units of approximately 600 SF and two two-bedroom / one-bath units ofapproximately 675 SF. Many of the units have been renovated, and the remaining interiors still offer clear room forimprovement. 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 twouncovered 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 Boulevardcircle. Civic Center, library, local retail, and dining are nearby. I-15 runs just east of downtown and SR-91 is a short drivenorth 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. DowntownCorona remains a city revitalization target, which supports long-term location quality.

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