NOT LISTED FOR SALE

1521 E Barbour St Banning, CA 92220

Banning Area

Estimated Value: $652,969

8 Beds
4 Baths
2,576 Sq Ft
$253/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2024

Last sale price $776,500 $301 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $4,508 / mo

Highlights

  • 0.4 Acre Lot
  • No Heating
  • 1-Story Property
  • Laundry Facilities

About This Home

As of October 2024

LOADED WITH POTENTIAL ~ your chance to own a 4-plex situated on a large lot in up and coming Banning! Units are all identical, 2/1's with ample parking outside your front door and private yards for each. All 4 units close to market rent, 2 of the units fully renovated and newer roof! Sold offmarket - posting for MLS purposes only

Last Agent to Sell the Property

Prashant Sampat

Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 10/31/2024

Last Buyer's Agent

Prashant Sampat

Pacific Avenue Realty Brokerage Phone: 562-841-0227 License #01916221 Listed on: 10/31/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 17,424 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 2,576 Sq Ft Home
  • 1-Story Property
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block POR / 182
  • Tax Tract Number 182
  • Assessor Parcel Number 541290010
  • $74 per year additional tax assessments

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,871
  • Operating Expense $5,600
  • Gross Income $77,940
  • Net Operating Income $60,629

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.4 Acres

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Water Sewer Expenses: 1800.00
  • Zoning: CM
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 541290010
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 301.44

Exterior Features

  • Pool Private: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 17424.00
  • Lot Size Acres: 0.4000

Multi Family

  • Gross Income: 77940.00
  • Gross Scheduled Income: 77940.00
  • Insurance Expense: 3800.00
  • Lot Size Area: 17424.0000 Square Feet
  • Net Operating Income: 60629.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17671.00
  • Rent Control: No
  • Total Expenses: 5600.00

Tax Info

  • New Taxes Expense: 10871.00
  • Tax Block: 182
  • Tax Census Tract: 443.00
  • Tax Lot: POR
  • Tax Tract Number: 182
  • TaxOtherAnnualAssessmentAmount: 74.00

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
Oct 31, 2024
Closed on
Dec 3, 2024
Sold by
Bought by
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$795,000
Sold Price
$776,500
Premium/Discount to List
-$18,500
-2.33%
Views
1
Current Estimated Value
$652,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$123,531
Avg. Annual Appreciation
-9.38%

Purchase Details

Listed on
Oct 31, 2024
Closed on
Oct 22, 2024
Sold by
Bought by
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$795,000
Sold Price
$776,500
Premium/Discount to List
-$18,500
-2.33%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2024
Closed on
Sep 3, 2024
Sold by
Bought by
Seller's Agent
Prashant Sampat
Pacific Avenue Realty
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$795,000
Sold Price
$776,500
Premium/Discount to List
-$18,500
-2.33%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2023
Closed on
Apr 10, 2023
Sold by
Bought by
Seller's Agent
Libby Rogers
R.B. Haley, Inc
Buyer's Agent
Prashant Sampat
Pacific Avenue Realty
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.20%
Original Mortgage
$431,250
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2004
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
$237,250
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
-- Priority Title
$776,500 Priority Title
$575,000 First American Title
$385,000 Fidelity National Title Co
$230,000 Fidelity National Title Co
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
Previous Owner $460,000
Previous Owner $431,250
Previous Owner $237,250
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 Prior Sale
10/31/2024 10/31/24 Sold $776,500 -2.3% $301 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/31/2024 10/31/24 For Sale $795,000 +38.3% $309 / Sq Ft
05/26/2023 05/26/23 Sold $575,000 0.0% -- View Prior Sale
04/01/2023 04/01/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $575,000 -- --
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
2026 $11,060 $792,030 $282,030 $510,000
2025 $8,123 $776,500 $276,500 $500,000
2023 $8,123 $385,478 $61,481 $323,997
2022 $5,301 $374,251 $60,276 $313,975
2021 $4,919 $346,882 $59,095 $287,787
2020 $4,527 $318,240 $56,100 $262,140
2019 $4,456 $312,000 $55,000 $257,000
2018 $4,515 $312,000 $55,000 $257,000
2017 $4,073 $280,000 $55,000 $225,000
2016 $6,480 $462,389 $54,039 $408,350
2015 $6,388 $455,445 $53,228 $402,217
2014 $4,976 $349,000 $49,000 $300,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24184587

California Regional Multiple Listing Service (CRMLS)

APN: 541-290-010

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