N/A Homes with Apartment Subtype

N/A Homes with Apartment Subtype

Welcome to the vibrant world of California living, where the sun shines brightly, and communities thrive with warmth and charm! Nestled in this beautiful state, our featured homes with apartment subtypes offer an incredible opportunity for those seeking a blend of comfort, convenience, and style.

Imagine stepping into your new home, where modern design meets functional living. These apartments boast spacious layouts, contemporary finishes, and an abundance of natural light, creating an inviting atmosphere that feels just like home. Whether you're a first-time buyer, a growing family, or an investor looking for a rental property, our selection of homes caters to a variety of lifestyles.

California's diverse neighborhoods are known for their unique character, and our apartments are no exception. Enjoy easy access to local parks, trendy cafes, and bustling shopping districts, all while being just a short drive from stunning beaches and breathtaking landscapes. The rich cultural tapestry of California ensures that there’s always something to explore, from art galleries to outdoor activities.

In addition to the vibrant community, residents can take advantage of the fantastic amenities that come with these apartment homes. Many feature pools, fitness centers, and communal spaces designed for relaxation and socializing.

Don’t miss out on the chance to be part of this incredible California lifestyle! Explore our homes with apartment subtypes today and discover the perfect place to call your own. Your dream home awaits in the Golden State!

Newest N/A Homes with Apartment Subtype

$2,000,000
CV26189840 MLS Active Status
We are pleased to present the The Howard Apartments, a 10-unit multifamily investment property located at 712 S Howard Street in Corona, California. The property is currently operating at approximately a 5.04% cap rate with rents approximately 20% below market, providing investors with an attractive value-add opportunity and potential for future income growth. Effective January 2027, scheduled rent increases across all 10 units will generate an additional $950 per month in rental income, or approximately $11,400 annually. Based on current operating performance, these increases are projected to result in an approximate 5.60% cap rate, with additional rental upside providing the potential for a pro forma cap rate approaching 7.00%. Built in 1963, the two-story property consists of approximately 6,000 square feet on an approximately 7,405-square-foot lot. The unit mix consists entirely of 10 one-bedroom / one-bathroom units averaging approximately 600 square feet each. Current ownership has completed several capital improvements, including the refurbishment of six units, installation of tile showers in seven units, copper water line repiping approximately 10 years ago, and roof replacement approximately six to seven years ago. Most water heaters have also been replaced, and electric heaters were installed approximately five to seven years ago. Additional features include ample tenant parking and an on-site laundry room. The property is all-electric with no gas service. The property benefits from a central Corona location with convenient access to employment, shopping, dining, transportation, and everyday amenities. Nearby State Route 91 and Interstate 15 provide connectivity throughout the Inland Empire, Orange County, and the greater Southern California region. Please do not disturb tenants, walk the property, or contact anyone at the property. Interior inspections will be conducted only upon an accepted offer.

712 S Howard, Corona

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