Listed by MCKENSIE LOWSTETTER•DRE #02074918• SIMPLE REAL ESTATE GROUP
Contact: 949-423-9188
For sale
$1,400,000
Est. $9,096/mo —
Land
•
0.43
acre (lot)
449 River Rd, Corona, CA 92878
About this home
Rare opportunity to acquire a fully entitled, shovel-ready infill condominium project in one of Corona’s most convenient, high-demand pockets. All construction, civil, architectural, and related plans are complete and approved, allowing a Buyer/Investor to step in and begin construction immediately—eliminating the time, risk, and carrying costs typically associated with the entitlement and plan-approval process. Situated on a level, highly visible corner parcel at River Rd & Cota St, this development offers strong address recognition, clean site identity, and practical access/circulation planning. The location is minutes to the 91 & 15 freeways, providing outstanding regional connectivity throughout the Inland Empire, Orange County, and beyond. Residents will enjoy a short walk to major shopping, dining, and daily conveniences, plus proximity to outdoor recreation with Santa Ana River Trail access nearby. Multiple exit strategies make this project ideal for a wide range of investors and developers. This is a true turnkey, entitled development—a buyer can acquire the land with approvals in hand and immediately execute on a strategy tailored to today’s market: retail sellout, income hold, or a blended approach.
Gateway, located between Hamner Avenue and River Road, is a semi-rural and equestrian Norco neighborhood with horse properties and wide, trail-lined streets. The neighborhood’s character concentrates around the Hamner Avenue corridor near Hidden Valley Parkway, where feed stores, tack shops, and low-slung local eateries set a working-ranch tone. Single-story ranch homes and larger lots read as practical, with room for trailers, barns, and workshops. The Santa Ana River corridor frames the edge with open views and a quieter pace. George Ingalls Equestrian Event Center and SilverLakes Equestrian and Sports Park anchor local culture with year-round arenas and events. Norco College adds a civic campus feel at the neighborhood’s gateway.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Property has a view
Exterior features
Planned development community with street lighting and sidewalks
Lot density approximately 6–10 units per acre
Public water within district
Home design
Multifamily zoning (R3)
Located in Corona
Construction
Lot size and dimensions from assessor's data
Utilities
District/Public water
HOA & community
Planned development
Other
Directions: 91 E exit Main, make a right, left on River Rd
Electricity and solar
View estimated energy costs and solar savings for this home
New Reduced Price!!Excellent Opportunity to own high density residential land and develop approximately 18,731 square feet of vacant land located at the signalized corner of River Rd. , & Cota Street. The property is situated in the R3: (HDR) High Density Residential, zone ideal for residential development, and allows for 15 to 36 dwellings per acre per the City of Corona zoning map. The proposed project includes nine condominiums ranging from 1,140 s. f. to 1,255 s. f. The total project size is approx. 15,170 s. f. This corner lot is conveniently located near the I-15 FWY that travels North/South and less than one(1) mile to the CA-91 FWY travelling EAST/WEST. Additionally, the property is within a short walk to major shopping areas and booming restaurants for convenience. The property is surrounded by over 77,448 households in a five (5) miles radius with an average annual household income of over $106,000. SUBMIT OFFER TODAY DESIGNED FOR NINE(9) UNITS OF THREE-STORIES WITH ELEVATOR, GYM & POOL AREA, LOBBY, AND COMMUNITY CENTER
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Riverside County
APN
119081012
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 13, 2023.
R3
Multiple-Family Residential
The R-3 Multiple-Family Residential Zone is intended as a residential district for single family dwellings, duplexes and multiple-family residences. Except as specifically provided elsewhere in this title, any and every building and premises or land in an R-3 zone shall be used for or occupied and every building shall be erected, constructed, established, altered, enlarged, maintained, moved into and within the R-3 zone exclusively and only in accordance with the regulations set forth in this chapter.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Healthcare
Housing-Single unit
Housing-Multiple units
Housing-Student
Housing-Other
Recreation
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Park & open space
Historical weather
Corona, CA • 92878
Average low and high temperatures (°F)
70
47
73
49
76
51
74
52
79
56
84
61
86
62
92
65
88
63
83
55
74
48
71
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 449 River Rd
$1,240,998
$159K under list price of $1.40M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $695K to $1.1M.