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Listing Provided Courtesy Of:
Daniel Escutia with Esen Real Estate Services - 949-702-0090
Address
1420 - 1424 E Williams Street Banning, CA
Price
$ 1,650,000
Property Attributes
  • MLS#OC22087408
  • TypeIncome
  • CountyRIVERSIDE
  • CityBanning
  • AreaBanning-Beaumont-Cherry Valley
  • Zip92220
  • Style
  • Price$ 1,650,000
  • Bedrooms18
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage7560
  • Lot Size0.739991 Acres
Listing Provided Courtesy Of:
Daniel Escutia with Esen Real Estate Services - 949-702-0090
Data Source:
California Regional MLS (CRMLS)
Property Description

Fantastic 10-unit apartment building located in the city of Banning. This property consists of two buildings on two lots, offering a great unit mix: (8) two bedroom and one bathroom units & (2) one bedroom and one bath units. The $200k extensive interior and exterior renovation was done over the last 24 months. Some of the upgrades include but are not limited to new kitchens, updated bathrooms, new flooring interior painting, and a resurfaced parking lot. All units are currently below market rents. Each of the units have been updated to varying degrees as tenants have moved out. There is currently a 39% upside on rents. Conveniently located near a major highway and the Morongo Hotel & Casino.

Price History
4/28/2022 Listed $1,700,000
5/9/2022 3% - $1,650,000

General Features

Additional Parcels Description 541170025
Community Features Curbs, Mountainous, Street Lights
Levels One
Listing Agent Daniel Escutia - BRE#01875256
Listing Agent State License 01875256
Lot Size Square Feet 32234
MLS Area 263 - Banning/Beaumont/Cherry Valley
Open Parking Spaces 15
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Composition, Shingle
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 1
Terms Cash, Cash to New Loan
Total Units 10
View Mountain(s)
Zoning R3

Interior Features

Common Walls 2+ Common Walls
Laundry Features None

Exterior Features

Lot Features 6-10 Units/Acre, Back Yard, Rectangular Lot
Lot Size Acres 0.74
Lot Size Area 32234
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 10
Number of Separate Gas Meters 10
Number of Separate Water Meters 2
Parking Features Asphalt, Gated
Total Parking 15
View Y/N Yes
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92220

Price
AVG $5.46M
$1.65M
Visits
AVG 15
16
Year Built
AVG 1967
1960
Walkscore
AVG 26
32
Data Provided by Walkscore ® not using MLS data

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