Banning, CA 92220,655 E Williams Street
Listed by Douglas McCauley • MARCUS & MILLICHAP
Bought with David Covarrubias • MARCUS & MILLICHAP

$1,375,000

$1,475,000

6.8%
Est.Price: ?

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Est. payment /mo

6,950 SqFt


SOLD DATE : 07/07/2025

Key Details

Sold Price $1,375,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,950 sqft

Price per Sqft $197

MLS Listing ID CRCV25082931

Sold Date 07/07/25

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

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