1130 La Salle Cir, Corona, CA 92879
Local realty services provided by:ERA Excel Realty
1130 La Salle Cir,Corona, CA 92879
$1,095,000
- 3.1 Acres
- Lots / Land
- Active
Listed by: lynn leon
Office: socal brokers
MLS#:IV26038529
Source:CRMLS
Price summary
- Price:$1,095,000
About this home
3.1-Acre Residential Development Opportunity – Corona, CA
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 $$$$$
PROPERTY OVERVIEW
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)
Upside Scenario (Subject to City Approval):
• Conceptual subdivision into ~9–10 single-family lots at ~10,000 SF per lot
• Ideal for small-lot or entry-level product targeting Corona demand
A conceptual yield sketch and valuation support materials are available upon request.
PRICING & VALUE POSITIONING
CALL FOR PRICING GUIDANCE
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
3.1 acres in a supply-constrained residential market
R1-20 zoning with subdivision/rezoning upside
Attractive basis relative to finished lot values
Suitable for builders, developers, or long-term investors
Close proximity to schools, retail, and major arterials
Strong Corona residential demand fundamentals
INVESTMENT THESIS
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
The property is well-suited for developers seeking scalable yield without competing against institutional land pricing.
Contact an agent
Home facts
- Listing ID #:IV26038529
- Added:1 day(s) ago
- Updated:February 21, 2026 at 03:39 AM
Structure and exterior
- Lot area:3.1 Acres
Utilities
- Water:Public
Finances and disclosures
- Price:$1,095,000
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