162 N 3rd St Banning, CA 92220
Banning AreaEstimated payment $2,518/month
Highlights
- Cooling System Mounted To A Wall/Window
- No Heating
- 1-Story Property
- Laundry Room
- Back and Front Yard
About This Home
Great investment opportunity in the heart of Banning! This versatile duplex features two separate units with individual electric and gas meters, making it ideal for rental income or multi-generational living.
The front unit offers 1 bedroom and 1 bathroom, complete with its own private fenced front yard, four dedicated parking spaces, and an extended driveway for added convenience. The rear unit features a spacious 2 bedroom, 1 bathroom layout, along with a private outdoor area and ample parking space, perfect for vehicles, equipment, or recreational toys. The long driveway extends from the front of the property all the way to the rear easement, providing additional parking and easy access throughout.
Both units offer private, independent living spaces, creating a comfortable and functional setup for occupants. The property also includes a detached laundry room in a separate structure, as well as a detached two-car garage offering additional storage or parking potential.
Situated on a fully fenced lot, the property provides privacy, security, and plenty of outdoor space for tenants or future improvements. Conveniently located near local shopping, dining, and with easy access to major commuter routes, this property presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income.
Don’t miss your chance to own a well positioned, income producing property in a growing area!
Listing Agent
REALTY MASTERS & ASSOCIATES Brokerage Phone: 909-638-7303 License #01745501
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1915
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Parking
- 2 Car Garage
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,252 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- No Heating
Listing and Financial Details
- Legal Lot and Block 7 / 223
- Tax Tract Number 9
- Assessor Parcel Number 540162013
- $68 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 2 Units
- Solera Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $811
- Trash Expense $379
- Water Sewer Expense $445
- Operating Expense $2,271
- Gross Income $9,660
- Net Operating Income $7,389
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,290 | $307,749 | $74,284 | $233,465 |
| 2023 | $4,204 | $295,800 | $71,400 | $224,400 |
| 2022 | $4,114 | $290,000 | $70,000 | $220,000 |
| 2021 | $2,126 | $147,639 | $38,276 | $109,363 |
| 2020 | $2,106 | $146,126 | $37,884 | $108,242 |
| 2019 | $2,074 | $143,262 | $37,142 | $106,120 |
| 2018 | $2,060 | $140,454 | $36,414 | $104,040 |
| 2017 | $2,026 | $137,700 | $35,700 | $102,000 |
| 2016 | $849 | $57,237 | $16,351 | $40,886 |
| 2015 | $837 | $56,379 | $16,106 | $40,273 |
| 2014 | $831 | $55,277 | $15,792 | $39,485 |
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 |
|---|---|---|---|---|---|
| 10/13/2021 10/13/21 | Sold | $290,000 | -6.5% | $232 / Sq Ft | View Prior Sale |
| 08/11/2021 08/11/21 | For Sale | $310,000 | +129.6% | $248 / Sq Ft | |
| 05/03/2016 05/03/16 | Sold | $135,000 | -15.6% | $128 / Sq Ft | View Prior Sale |
| 03/25/2016 03/25/16 | Pending | -- | -- | -- | |
| 01/04/2016 01/04/16 | For Sale | $160,000 | -- | $152 / Sq Ft |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | $290,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Ie | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $135,000 | First American Title Company | |
| Grant Deed | $52,500 | Lawyers Title Sd | |
| Trustee Deed | $236,908 | Landsafe Title | |
| Grant Deed | $150,000 | Financial Title Co San Berna | |
| Interfamily Deed Transfer | -- | Financial Title Co San Berna | |
| Interfamily Deed Transfer | -- | -- |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $217,500 | New Conventional | |
| Previous Owner | $115,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $108,000 | Commercial | |
| Previous Owner | $541,669 | Commercial | |
| Previous Owner | $219,823 | Commercial | |
| Previous Owner | $215,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26150096
APN: 540-162-013
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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