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- 119 8th Street, Banning, CA 92220
- MLS#: IV24249829 ( Single Family Residence )
- Street Address: 119 8th Street
- Viewed: 12
- Price: $899,000
- Price sqft: $588
- Waterfront: No
- Year Built: 1932
- Bldg sqft: 1530
- Bedrooms: 3
- Total Baths: 2
- Full Baths: 2
- Days On Market: 50
- Additional Information
- County: RIVERSIDE
- City: Banning
- Zipcode: 92220
- Subdivision: Other (othr)
- District: Banning Unified
- Provided by: RE/MAX TIME REALTY
- Contact: ROBERT ROBERT
- DMCA Notice
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DescriptionIncredible Investment Opportunity in Banning, CA Attention seasoned investors! Discover an exceptional income generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one. The first home is a spacious 3 bedroom, 2 bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2 bedroom, 2 bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in Californias competitive real estate market. What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you wont need to spend any initial cash on upgrades or repairsit's turnkey and ready to start earning from the moment you take ownership. Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether youre seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financial goals while reducing upfront costs. Located in the heart of Riverside County, Banning is an ideal location for cash flowing properties. The areas steady rental demand, coupled with its strategic position near major highways, makes this property an attractive asset for seasoned investors seeking reliable income. With no major capital expenditures required and strong rental income in place, this opportunity offers immediate and sustainable cash flow. Who says you cant cashflow in California? This property proves that you absolutely can! Seize this chance to add a highly desirable asset to your portfolio and enjoy the benefits of effortless cash flow in one of Southern Californias most promising markets. Dont let this incredible opportunity pass you by. Contact us today to schedule a viewing and explore how this property can be tailored to meet your investment needs!
Property Location and Similar Properties
All
Similar
Features
Assessments
- Unknown
Association Fee
- 0.00
Commoninterest
- None
Common Walls
- No Common Walls
Cooling
- Central Air
Country
- US
Fireplace Features
- Living Room
Garage Spaces
- 0.00
Heating
- Central
Laundry Features
- See Remarks
Levels
- One
Living Area Source
- Assessor
Lockboxtype
- See Remarks
Lot Features
- Rectangular Lot
Parcel Number
- 540122024
Pool Features
- None
Postalcodeplus4
- 4730
Property Type
- Single Family Residence
School District
- Banning Unified
Sewer
- Unknown
Subdivision Name Other
- N/A
View
- Neighborhood
Views
- 12
Water Source
- See Remarks
Year Built
- 1932
Year Built Source
- Assessor
Based on information from California Regional Multiple Listing Service, Inc. as of Feb 05, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 5, 2025 @ 12:00 am
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