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Off market apr 2017 for $10M

—

Est. refi paymentEst. refi $52,486/mo

100

•

100 ba

•

47,700

sq ft

909 Rimpau Ave, Corona, CA 92879

About this home

Built in 1988 on roughly 2.67 acres of land, the Jasmine Springs Apartments feature forty one (2 Bedroom + 2 Bathroom) units averaging 888 square feet and eighteen (1 Bedroom + 1 Bathroom) units averaging 612 square feet. Tenant amenities include individual water heaters, central A/C and heat, covered parking, patios, balconies and a central pool / common area. Well parked with 115 car spaces. This property offers investors the opportunity to acquire an asset with value-add potential in a strong rental market. Current rents are below market allowing an investor the opportunity to enhance their return. Bordering Orange County, Corona has become a suburb to Orange County with continuous economic growth over the years. An industrial infrastructure has played an important role in the growth of the city and its employee base giving apartment owners a strong tenant pool to draw from.

Multi-familyProperty Type

1988Year Built

2.67 acresLot Size

$226Price/Sq.Ft.

Listed by Ignacio Diaz Jr. •DRE #01379930 • Investment Capital Real Estate

Bought with Pat Swanson •DRE #01382974 • Pat Swanson

Redfin checked: 2 minutes ago

•Source:CRMLS #NP16740349

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 92879, CA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.9%

0.2% MoM

Median sale price

$700K

$4K MoM

Avg. days on market

40d

1 days MoM

Recently sold homes

4 MoM

New listings for sale

$750,000
4 beds2 baths1,654 sq ft
1307 S Main, Corona, CA 92882
Inhabit Collective
3D WALKTHROUGH
$1,299,000
6 beds3 baths3,734 sq ft
1036 E Grand, Corona, CA 92879
$599,000
4 beds2 baths1,539 sq ft
1392 Ivy Cir, Corona, CA 92879
$1,165,000
5 beds3 baths4,152 sq ft
705 John Cir, Corona, CA 92879
COMING SOON
$875,000
4 beds2.5 baths3,500 sq ft
540 Cedarbrook, Corona, CA 92879
Exit Alliance Realty
$335,900
1 bed1 bath540 sq ft
2145 Highpointe Dr #102, Corona, CA 92879
$420,000
2 beds2 baths1,492 sq ft
2931 Via Milano, Corona, CA 92879
$589,000
4 beds2 baths1,042 sq ft
1234 Elm, Corona, CA 92879
LISTED BY REDFIN
$525,000
3 beds2.5 baths1,555 sq ft
2230 Indigo Hills Dr #3, Corona, CA 92879
COMING SOON
$162,000
2 beds2 baths1,440 sq ft
13381 Magnolia Ave #41, Corona, CA 92879
See all

Provided by Redfin

Sale history for 909 Rimpau Ave

Date

Event

Price

CRMLS #NP16740349

Apr 28, 2017

Sold

$10,800,000

$226/sq ft

Apr 6, 2017

Pending

—

Feb 17, 2017

Contingent

—

Nov 4, 2016

Listed

$10,900,000

$229/sq ft

SDMLS #301750879

Apr 28, 2017

Sold

$10,800,000

$226/sq ft

Nov 3, 2016

Listed

$10,900,000

$229/sq ft

Public Records

May 9, 2003

Sold

$5,350,000

$112/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$141,809 (+3.4%)

$2,130,833 + $10,654,178

$12,785,011

2024

$137,155 (+1.4%)

$2,089,052 + $10,445,273

$12,534,325

2023

$135,273 (+1.8%)

$2,048,091 + $10,240,464

$12,288,555

2022

$132,821 (+2.0%)

$2,007,933 + $10,039,671

$12,047,604

2021

$130,206 (+1.0%)

$1,968,562 + $9,842,815

$11,811,377

2020

$128,857 (+2.4%)

$1,929,963 + $9,649,819

$11,579,782

2019

$125,870 (+2.3%)

$1,910,174 + $9,550,872

$11,461,046

2018

$123,033 (+65.0%)

$1,872,720 + $9,363,600

$11,236,320

2017

$74,550 (+10.8%)

$1,747,110 + $4,929,357

$6,676,467

2015

$67,266 (+37.3%)

$1,464,750 + $4,835,250

$6,300,000

2014

$48,982 (−0.2%)

$1,000,000 + $3,425,000

$4,425,000

2013

$49,084 (+0.4%)

$1,000,000 + $3,425,000

$4,425,000

2012

$48,869

$1,000,000 + $3,425,000

$4,425,000

2011

$48,872 (−18.1%)

$1,000,000 + $3,425,000

$4,425,000

2010

$59,676 (−23.8%)

$1,000,000 + $3,425,000

$4,425,000

2009

$78,351 (+0.8%)

$1,000,000 + $3,425,000

$4,425,000

2008

$77,760

$1,574,569 + $4,442,538

$6,017,107

Tax history for 909 Rimpau Ave

Year

Property tax

Land + Additions

Assessment*

2025

$141,809 (+3.4%)

$2,130,833 + $10,654,178

$12,785,011

2024

$137,155 (+1.4%)

$2,089,052 + $10,445,273

$12,534,325

2023

$135,273 (+1.8%)

$2,048,091 + $10,240,464

$12,288,555

2022

$132,821 (+2.0%)

$2,007,933 + $10,039,671

$12,047,604

2021

$130,206 (+1.0%)

$1,968,562 + $9,842,815

$11,811,377

2020

$128,857 (+2.4%)

$1,929,963 + $9,649,819

$11,579,782

2019

$125,870 (+2.3%)

$1,910,174 + $9,550,872

$11,461,046

2018

$123,033 (+65.0%)

$1,872,720 + $9,363,600

$11,236,320

2017

$74,550 (+10.8%)

$1,747,110 + $4,929,357

$6,676,467

2015

$67,266 (+37.3%)

$1,464,750 + $4,835,250

$6,300,000

2014

$48,982 (−0.2%)

$1,000,000 + $3,425,000

$4,425,000

2013

$49,084 (+0.4%)

$1,000,000 + $3,425,000

$4,425,000

2012

$48,869

$1,000,000 + $3,425,000

$4,425,000

2011

$48,872 (−18.1%)

$1,000,000 + $3,425,000

$4,425,000

2010

$59,676 (−23.8%)

$1,000,000 + $3,425,000

$4,425,000

2009

$78,351 (+0.8%)

$1,000,000 + $3,425,000

$4,425,000

2008

$77,760

$1,574,569 + $4,442,538

$6,017,107

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

2.67 Acres

Year renovated

1989

Sq. Ft.

—

Year built

1989

Style

Multi-Family (5+ Unit)

County

Riverside County

APN

111270023

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 4, 2026.

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

Property details

Parking

Parking / Garage Information
Assigned, Unassigned, Carport, Covered Parking
Has Parking

Interior

Laundry Information
Has Laundry
Community

Cooling Information
Central
Has Cooling

Heating Information
Central Furnace
Has Heating

Unit Type 1 Information
Unit Key Numeric: 1463544
Listing Key Numeric: 36179447
Actual Rent: $1,288
Total # of Baths: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $52,808
Total # of Units: 41

Unit Type 2 Information
Unit Key Numeric: 1463545
Listing Key Numeric: 36179447
Actual Rent: $995
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $17,910
Total # of Units: 18

Expenses
Trash: $10,700
Total: $273,263
Pool: $10,500
Maintenance: $31,500
Insurance: $11,800
Water Sewer: $54,000
Electric: $4,000
New Taxes: $122,163
Gardener: $5,400

Multi-Unit Information
Net Operating Income: $533,806
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 2 Bed Area: 888
Average 1 Bed Area Units: Sq. Ft.
Average 1 Bed Area: 612
Sq. Ft.
Total Building Area: 47,700
Gross Scheduled Income: $848,616
Gross Operating Income: $823,158
Gross Multiplier: 12.84
Gross Income: $848,616
Laundry Equipment Own or Lease: Own
Laundry Income: $24,000
# Of Leased Units: 59
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 60
# Of Separate Electric Meters: 60
# Of Buildings: 5
Operating Expense Percent: $33
Vacancy Allowance Rate: 3
Vacancy Allowance: 25458

Exterior

Exterior Features
Pool Features: Community Pool

Lot Information
Elevation Units: Feet
Lot Size Source: Estimated
Lot Features: 21-25 Units/Acre

Property Information
Total # of Units: 59
Common Walls: 2+ common walls
Parcel Number: 111270023
Attached Property
Year Built Source: Assessor

Financial

Assesments Information
Assessments: Special Assessments

Lease / Rental Details
Operating Expense: $273,263
Tenant Pays: Cable TV, Electricity, Gas
Total Actual Rent: $67,274

Utilities

Utilities Information
Sewer: Public Sewer
Water Source: District/Public

Location

Neighborhood Information
Community Features: Curbs, Sidewalks

Location Information
Latitude: 33.87159700
Longitude: -117.55063600
Directions: 91 Freeway East to the 15 Hwy South exit Magnolia, turn right and then right on Rimpau Ave.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: 2.0
Lot Size: 2.67 acres
Style: Multi-Family (5+ Unit)
Year Built: 1989
Year Renovated: 1989
County: Riverside County
APN: 111270023

Home facts updated by county records on Nov 4, 2026

Other

Listing Information
Days Active in MLS: 106
Continuous Days Active in MLS: 106

Listing Agent Information
List Agent First Name: Ignacio
List Agent Last Name: Diaz Jr.

Listing Office Information
List Office Name: Investment Capital Real Estate

Selling Agent Information
Buyer Agent First Name: Pat
Buyer Agent Last Name: Swanson

Selling Office Information
Buyer Office Name: Pat Swanson

Around this home

Schools

K - 12
Preschool & daycare

John Stallings Elementary School

Public K-6 • Assigned • 1.1mi

4/10

El Cerrito Middle School

Public 6-8 • Assigned • 2.9mi

6/10

Centennial High School

Public 9-12 • Assigned • 1.0mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Corona is known for its mix of shopping, dining, outdoor recreation, and convenient access to the 91 and 15 freeways. Local favorites like The Shops at Dos Lagos and The Crossings at Corona add plenty of places to eat, shop, and spend time outdoors.
1 month ago • Corona
Mayra Nicolas
Redfin agent
50 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 101° expected this year, 20 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

9/10 Air Factor

19 unhealthy days expected this year, 23 days in 30 years

Provided by First Street

Historical weather

Corona, CA • 92879

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.8 hours in June and 6.9 hours in December, placing it above the U.S. average for solar exposure.

9.8 hrs

6.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 909 Rimpau Ave

Data from public records.

Address	Redfin Estimate
820 Rimpau Ave, Corona, CA 3 Beds \| 1 Baths \| 927 Sq. Ft.	$481,648
1102 Spruce St, Corona, CA 2 Beds \| - Baths \| 759 Sq. Ft.	$438,683

Address	Redfin Estimate
893 Rimpau Ave, Corona, CA 3 Beds \| - Baths \| - Sq. Ft.	$2,564,676
1106 Spruce St, Corona, CA 4 Beds \| 2.5 Baths \| 2460 Sq. Ft.	$790,299

Address	Redfin Estimate
815 Rimpau Ave, Corona, CA 34 Beds \| 26 Baths \| 21000 Sq. Ft.	—
1112 Spruce St, Corona, CA 3 Beds \| 1 Baths \| 900 Sq. Ft.	$522,104

Property information provided by CRMLS when last listed in 2016. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 92879, CA

Sale history for 909 Rimpau Ave

Tax history for 909 Rimpau Ave

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 92882

Home values near 909 Rimpau Ave

More real estate resources