Banning CA Multi Family for Sale
$1,999,900
1279 Williams Street Banning, CA 92220
- Type:
- Apartment
- Sq.Ft.:
- 4,580
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.77 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- IV24249911
- Subdivision:
- Solera (SLRA)
ADDITIONAL INFORMATION
Incredible Investment Opportunity – 1279 Williams St., Banning, CA Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Banning, CA. This recently remodeled 5-unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4-bedroom, 2-bathroom layout to a cozy 1-bedroom, 1-bathroom setup, appealing to families and individuals alike. The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, there’s no need for additional upfront expenses—simply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction. To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property. Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether you’re looking to expand your portfolio or secure a stable income-generating asset, this property is truly a no-brainer. Seize this opportunity to own a fully remodeled, cash-flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
$728,000
546 5th Street Banning, CA 92220
- Type:
- Triplex
- Sq.Ft.:
- 2,162
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1955
- Baths:
- MLS#:
- IV24235834
ADDITIONAL INFORMATION
Amazing TRIPLEX awaits! Hurry, this is the perfect investment to own. Either you live in one and rent the other two units, or you add to your investment portfolio, this is the one! Fresh exterior repairs, paint and ready to go! Stay-tune for professional photos, coming soon
$250,000
495 N 2nd Street Banning, CA 92220
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.16 Acres
- Year built:
- 1912
- Baths:
- MLS#:
- CRIV24006742
View additional info
Courtesy: PROVIDENCE REALTY
ADDITIONAL INFORMATION
Single story, duplex, fenced yard. FIXER UPPER! sqft is estimated based on assessor and past MLS data.
Banning Real Estate
The median home value in Banning, CA is $413,750. This is lower than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Banning, CA is $413,750. Approximately 65.05% of Banning homes are owned, compared to 28.65% rented, while 6.3% are vacant. Banning real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Banning real estate agent to arrange a tour today!
Banning, California has a population of 29,664. Banning is less family-centric than the surrounding county with 20.68% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Banning, California is $46,834. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Banning is 43.1 years.
Banning Weather
The average high temperature in July is 97.2 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 15.5 inches per year, with 0.6 inches of snow per year.