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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 2/20/2026 | Tract | CORONA HILLS |
|---|---|---|---|
| Year Built | 0 | Community | 248 - Corona |
| County | Riverside |
Additional Details
| AREA | 248 - Corona |
|---|---|
| LOT | 3.1 acre(s) |
| LOT DIMENSIONS | 135036 |
| SUBDIVISION | CORONA HILLS |
| VIEW | Yes |
| VIEW DESCRIPTION | Canyon |
| WATER | Public |
Location
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Listed with SOCAL Brokers
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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