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1420 E Williams ST Banning, CA 92220
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Key Details
Sold Price $1,490,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $197
MLS Listing ID OC22087408
Sold Date 07/15/22
HOA Y/N No
Year Built 1960
Lot Size 0.740 Acres
Acres 0.74
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.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R3
Interior
Laundry None
Exterior
Parking Features Asphalt, Gated
Pool None
Community Features Curbs, Mountainous, Street Lights
View Y/N 1
View Mountain(s)
Roof Type Composition,Shingle
Private Pool No
Building
Lot Description 6-10 Units/Acre, Back Yard, Lot 20000-39999 Sqft, Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Daniel Escutia
SHOW CONTACT PH 9497020090
SHOW INSTRUCTIONS Drive-by only. Interior inspection with accepted offer. Please do not disturb tenants. They are not aware of sale.
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Bought with MARCUS & MILLICHAP