
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