Seller's Agent in 2022
Daniel Escutia
Esen Real Estate Services
(949) 702-0090
67 Total Sales
1420 E Williams St Banning, CA 92220
Banning Area
3
Beds
2
Baths
7,560
Sq Ft
0.74
Acre Lot
Highlights
- Gated Parking
- Mountain View
- Rectangular Lot
- 0.74 Acre Lot
- Mountainous Community
- Back Yard
About This Home
As of July 2022Fantastic 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.
Last Agent to Sell the Property
Esen Real Estate Services License #01875256 Listed on: 04/28/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 32,234 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Back Yard
- Density is 6-10 Units/Acre
- 541170025
Home Design
- Property Attached
- Shingle Roof
- Composition Roof
Interior Spaces
- 7,560 Sq Ft Home
- 1-Story Property
- Mountain Views
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 15 Open Parking Spaces
- 15 Parking Spaces
- Parking Available
- Driveway
- Gated Parking
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 172 / 172
- Tax Tract Number 186
- Assessor Parcel Number 541170026
- $74 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 10 Units
- Mountainous Community
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $107,400
- Net Operating Income $102,419
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 28, 2022
Closed on
Jul 7, 2022
Sold by
Bought by
Seller's Agent
Daniel Escutia
Esen Real Estate Services
Buyer's Agent
David Covarrubias
MARCUS & MILLICHAP
List Price
$1,700,000
Sold Price
$1,490,000
Premium/Discount to List
-$210,000
-12.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,490,000
Interest Rate
0.0523%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 24, 2020
Sold by
Bought by
Purchase Details
Closed on
May 9, 2018
Sold by
Bought by
Purchase Details
Closed on
Mar 20, 2008
Sold by
Bought by
Purchase Details
Closed on
Apr 4, 2007
Sold by
Bought by
Purchase Details
Closed on
Jan 9, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
0.0609%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | California Title Company | ||
| $1,490,000 | California Title Company | ||
| $524,000 | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Multiple |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,490,000 | ||
| Previous Owner | $474,500 | ||
| Previous Owner | $380,000 | ||
| Previous Owner | $60,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2022 07/15/22 | Sold | $1,490,000 | -9.7% | $197 / Sq Ft |
| 05/09/2022 05/09/22 | Price Changed | $1,650,000 | -2.9% | $218 / Sq Ft |
| 04/28/2022 04/28/22 | For Sale | $1,700,000 | -- | $225 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,724 | $775,096 | $153,992 | $621,104 |
| 2023 | $10,503 | $745,000 | $148,013 | $596,987 |
| 2022 | $6,767 | $479,213 | $154,585 | $324,628 |
| 2021 | $6,636 | $469,817 | $151,554 | $318,263 |
| 2020 | $6,044 | $426,564 | $145,656 | $280,908 |
| 2019 | $5,949 | $418,200 | $142,800 | $275,400 |
| 2018 | $1,246 | $82,639 | $36,890 | $45,749 |
| 2017 | $1,225 | $81,019 | $36,167 | $44,852 |
| 2016 | $1,167 | $79,431 | $35,458 | $43,973 |
| 2015 | $1,150 | $78,239 | $34,926 | $43,313 |
| 2014 | $1,143 | $76,708 | $34,243 | $42,465 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Escutia
-
David Covarrubias
Buyer's Agent in 2022
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC22087408
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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