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Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 12
Approx. Age 1920
MLS® Number SB25172263

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberSB25172263
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelInside
Exposure
Exterior
GarageNo
Approx. Age1920
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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