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Investment Highlights
- Prime Mixed-Use Investment Opportunity
- R6B Zoning with C1-4 Commercial Overlay
- Separately Metered Utilities | Low Owner Operating Expenses
- Ground-Floor Retail + Two 2-Bedroom Residential Apartments
- All Tenants on Month-to-Month Tenancies
- Renovated Second-Floor Residential Units with Split-System A/C
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.18% |
| Sale Type | Investment |
| Cap Rate | 6.18% |
Description
Prime mixed-use investment opportunity located on the busy 37th Avenue commercial corridor in Corona. This approximately 2,608 SF property, with a building dimension of approximately 19.5' × 68', consists of a ground-floor retail space currently occupied by a barber shop and two 2-bedroom residential apartments above. Situated on a 19.5' × 101' lot with R6B zoning and a C1-4 commercial overlay, the property offers stable in-place income, low annual real estate taxes, and excellent long-term investment potential.
All tenants are currently on month-to-month tenancies. The second-floor residential apartments have been renovated in recent years and feature split-system air conditioning throughout. All residential units are separately metered, with tenants responsible for their own utilities, contributing to an efficient, low owner-expense operating structure.
Conveniently located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences, the property benefits from strong pedestrian traffic and consistent residential and commercial demand. The mixed-use zoning further enhances the property's long-term value and future upside potential, subject to buyer verification.
All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to independently verify all information, including building size, income, expenses, zoning, permitted use, and future development potential.
All tenants are currently on month-to-month tenancies. The second-floor residential apartments have been renovated in recent years and feature split-system air conditioning throughout. All residential units are separately metered, with tenants responsible for their own utilities, contributing to an efficient, low owner-expense operating structure.
Conveniently located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences, the property benefits from strong pedestrian traffic and consistent residential and commercial demand. The mixed-use zoning further enhances the property's long-term value and future upside potential, subject to buyer verification.
All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to independently verify all information, including building size, income, expenses, zoning, permitted use, and future development potential.
Sale Notes
All tenants are currently month-to-month. Tenants can provide proof of rent payment. Property will be delivered with tenants in place.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,602 SF | Retail | $1,699,000 ($652.96/SF) | $104,998.20 |
Unit 1
| Unit Size |
| 2,602 SF |
| Condo Use |
| Retail |
| Price |
| $1,699,000 ($652.96/SF) |
| NOI |
| $104,998.20 |
1 of 6
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Unit 1
| Unit Size | 2,602 SF |
| Condo Use | Retail |
| Price | $1,699,000 ($652.96/SF) |
| NOI | $104,998.20 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Description | |
| Prime mixed-use investment opportunity located on the busy 37th Avenue commercial corridor in Corona. This approximately 2,608 SF property, with a building dimension of approximately 19.5' × 68', consists of a ground-floor retail space currently occupied by a barber shop and two 2-bedroom residential apartments above. Situated on a 19.5' × 101' lot with R6B zoning and a C1-4 commercial overlay, the property offers stable in-place income, low annual real estate taxes, and excellent long-term investment potential.<br> <br> All tenants are currently on month-to-month tenancies. The second-floor residential apartments have been renovated in recent years and feature split-system air conditioning throughout. All residential units are separately metered, with tenants responsible for their own utilities, contributing to an efficient, low owner-expense operating structure.<br> <br> Conveniently located near the 7 subway line, major bus routes, shopping, restaurants, schools, and everyday conveniences, the property benefits from strong pedestrian traffic and consistent residential and commercial demand. The mixed-use zoning further enhances the property's long-term value and future upside potential, subject to buyer verification.<br> <br> All information is deemed reliable but not guaranteed. Prospective buyers are encouraged to independently verify all information, including building size, income, expenses, zoning, permitted use, and future development potential.</li></ul> | |
| Sale Notes | |
| All tenants are currently month-to-month. Tenants can provide proof of rent payment. Property will be delivered with tenants in place.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,602 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,301 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1931 |
| Building Class | B | Lot Size | 0.05 AC |
| Zoning | R6B - R6B / C1-4 | ||
| Total Building Size | 2,602 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 1,301 SF |
| Year Built | 1931 |
| Lot Size | 0.05 AC |
| Zoning | R6B - R6B / C1-4 |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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99-12 37th Ave
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