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- 655 Williams Street, Banning, CA 92220
- MLS#: CV25082931 ( Apartment )
- Street Address: 655 Williams Street
- Viewed: 2
- Price: $1,570,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1951
- Bldg sqft: 0
- Days On Market: 7
- Additional Information
- County: RIVERSIDE
- City: Banning
- Zipcode: 92220
- Subdivision: Solera (slra)
- Provided by: MARCUS & MILLICHAP
- Contact: Douglas Douglas
- DMCA Notice
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DescriptionExcellent opportunity to acquire a multifamily investment property located at 655 E. Williams Street Banning, California. The property is conveniently located just north of interstate 10 (I 10) off Hargrave Street. The property is positioned on a 24,394 square foot parcel and encompasses approximately 7,000 square feet of building area. Featuring beautiful mature landscaping enhanced by an automatic irrigation system, contributing to its attractive curb appeal and low maintenance operation. Constructed in 1951, the 8 unit property consists of a single story duplex that fronts Williams Street and 6 single story individual cottages on the north side. The front duplex consists of one one bedroom/one bathroom unit (approximately 600 S.F.) and one three bedroom/two bathroom unit (approximately 1,600 S.F.). The six individual cottages are all two bedroom/one bathroom units (approximately 800 S.F.). Each apartment is equipped with an in unit washer/dryer hook ups, newer windows, private backyards, wall mounted air conditioning, oven/range and refrigerators offering tenants both convenience and comfort. Further enhancing the propertys operational efficiency, all units are individually metered for gas, electricity, trash and individual hot water heaters minimizing owner expenses. The property also offers eleven open parking spaces, low maintenance landscaping and a storage shed for owners tools. Given the strong rental location, close to city center and excellent property condition. Banning, California, located in Riverside County, offers a compelling landscape for real estate investors due to its strategic location, steady growth, and pro investment climate. Nestled in the San Gorgonio Pass between the San Bernardino and San Jacinto Mountains, Banning is ideally situated along Interstate 10, just 90 miles east of Los Angeles and 30 miles west of Palm Springs, making it a key access point between major Southern California markets. The city benefits from excellent public transportation and distribution access, which supports both residential and commercial development. Just minutes away are the Cabazon Outlets and Morongo Casino Resort & Spa, a popular entertainment hub that is currently expanding with a new four story hotel set to open in 2026, further boosting regional tourism and economic activity.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 7000.00
Commoninterest
- Community Apartment
Common Walls
- 1 Common Wall
- No One Above
Country
- US
Electric Expense
- 0.00
Entry Location
- Drive By
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Gardner Expense
- 1200.00
Insurance Expense
- 7854.00
Laundry Features
- Washer Hookup
Levels
- One
Lot Features
- Landscaped
- Lot 20000-39999 Sqft
- Rectangular Lot
- Sprinkler System
Netoperatingincome
- 78539.00
Parcel Number
- 541110012
Pool Features
- None
Postalcodeplus4
- 5664
Professionalmanagementexpense
- 6209.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 436465815:CRM
Subdivision Name Other
- Solera (SLRA)
Taxblock
- 162
Totalexpenses
- 45660.00
Trash Expense
- 0.00
Vacancyallowance
- 3841
Water Sewer Expense
- 2291.00
Water Source
- Public
Year Built
- 1951
Year Built Source
- Public Records
Zoning
- R3

Based on information from California Regional Multiple Listing Service, Inc. as of Apr 21, 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 April 21, 2025 @ 12:00 am
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