CALL ERIC -SEE REMARKS: 3.1-Acre Residential Development Opportunity
Land Size: ±3.10 Acres (±135,036 SF)
Zoning: R1-20 (City of Corona)
APN: 123-330-006
DISCOUNT FOR ALL CASH OFFERS!!!
RECENT HOMES IN THE AREA HAVE SOLD FOR OVER A MILLION $$$
Rare opportunity to acquire a 3.1-acre residential infill parcel in the City of Corona, located in an established neighborhood near La Salle Circle. The site offers by-right single-family development with meaningful density upside for builders or developers pursuing a subdivision or rezoning strategy.
This is a clean, flat-to-gently sloping land play with surrounding residential development, utilities nearby, and strong long-term fundamentals driven by limited land supply in the Corona submarket.
DEVELOPMENT POTENTIAL / YIELD
By-Right Zoning (R1-20):
• Approx. 6 single-family homes (20,000 SF minimum lot size; Subject to City Approval)
Implied Land Basis: ~$8.10 per SF
Recent closed land sales in the area reflect higher $/SF pricing for smaller, entitled parcels, while larger bulk residential land trades at a discount. This pricing captures future upside while remaining financeable and underwritable for real developers.
KEY HIGHLIGHTS
Suitable for builders, developers, or long-term investors
Close proximity to schools, retail, and major arterials

This site presents a classic entitlement-driven value-add opportunity:
Build 6 estate-style homes by right, or
Pursue approvals to unlock higher density and increased land value to develop 9-10 homes with city approval
Disclaimer: All information is deemed reliable but not guaranteed and has been obtained from third-party sources. Buyer is advised to independently verify zoning, development standards, utility availability, and the permitted number of homes that may be constructed with the appropriate governmental agencies and professionals. all agents/brokers make no warranties as to accuracy and assumes no liability for reliance on this information.