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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 1,475,000
Est. payment | /mo
6,950 SqFt
$ 1,475,000
Est. payment | /mo
6,950 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,950 sqft
Price per Sqft $212
MLS Listing ID CRCV25082931
HOA Y/N No
Year Built 1951
Lot Size 0.560 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Excellent opportunity to acquire a multifamily investment property located at 655 E. Williams Street Banning, California. Zero turnover in over two years. 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 6,950 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 1,550 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 property’s operational efficiency, all units are individually metered for gas, electricity, trash and individual hot water heaters
Location
State CA
County Riverside
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727