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$ 2,350,000
Est. payment | /mo
4,801 SqFt
$ 2,350,000
Est. payment | /mo
4,801 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,801 sqft
Price per Sqft $489
MLS Listing ID CRSB25172263
HOA Y/N No
Year Built 1920
Lot Size 10,435 Sqft
Acres 0.24
Property Sub-Type Comm Ind For Sale
Property Description
Offered at $2,350,000, this fully renovated 7-unit multifamily property at 6221 Corona Ave presents a rare turnkey investment opportunity in a strong rental market. The asset consists of three separate buildings totaling 4,801 square feet on a spacious 10,435 SF lot, with all units comprehensively remodeled in 2025 to a modern standard. The unit mix includes one detached 2 bed/1 bath with a private yard, one 3 bed/2 bath, four 1 bed/1 bath units, and one ADU, providing a balanced blend of rental sizes to attract a wide tenant base. The property is currently 100% occupied, generating a 5.21% cap rate and a GRM of 12.36, with an average price of $335,714 per unit. With seven legal units spread across a low-maintenance layout, this is a perfect opportunity for investors seeking stable income, minimal deferred maintenance, and long-term upside. Whether you're expanding your portfolio or entering the multifamily space, 6221 Corona Ave is a standout value proposition in today’s market.
Location
State CA
County Los Angeles
Zoning R3
Interior
Fireplace No
Exterior
Utilities Available Other
Building
New Construction No
Others
Tax ID 6318024004
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Albert Pacleb • LA Commercial, Inc.