NOT LISTED FOR SALE

3171 W George St Banning, CA 92220

9 Beds
-- Bath
3,516 Sq Ft
10,019 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $1,125,000 $320 Per Sq Ft

76 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Park
  • No HOA
  • Evaporated cooling system
  • Laundry Room

About This Home

As of May 2022

(7 Units) HUGE PRICE REDUCTION!!! One of a kind. Two story building holds 4 one bedroom units. Single story building holds 2 two bedroom and 1 one bedroom unit. Units have been well kept, in a desirable area. Parking has a carport area for 4 cars and there is room for other parking in the rear. Rents are low as they have not raised them since 2019. Apartments are bright and cheery. Desirable area, easy access to freeway 10..
Sylvan Park just down the street. There is shopping, eating and markets. Close by is Palm Springs (many workers seeking rentals) and Morongo Casino (hundreds of employees ) Big shopping center in Beaumont.

Last Agent to Sell the Property

Karen Halvorsen

Coldwell Banker Kivett-Teeters License #00817277 Listed on: 01/31/2022

Coldwell Banker Kivett-Teeters

Co-Listed By

Tricia Wirth Gregory

COLDWELL BANKER KIVETT-TEETERS License #01314481

Last Buyer's Agent

Joseph Cerda

RE/MAX ADVANTAGE License #02067924

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is 6-10 Units/Acre

Home Design

  • Traditional Architecture
  • Split Level Home
  • Apartment
  • Rolled or Hot Mop Roof

Interior Spaces

  • 9 Bedrooms
  • 3,516 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Outdoor Features

  • Balcony

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Water Connected
  • Phone Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / A
  • Tax Tract Number 44300
  • Assessor Parcel Number 538020021

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Park

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Insurance Expense $2,983
  • Trash Expense $1,034
  • Water Sewer Expense $2,000
  • Operating Expense $3,034
  • Gross Income $60,300
  • Net Operating Income $644

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Price Per Unit: 178571
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2000.00
  • Zoning: R3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 538020021
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Multi/Split
  • Price Per Square Foot: 319.97
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1034.00
  • Water Source: None
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Foothills, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 475 Square Feet
  • Average3 Bed Area: 570 Square Feet
  • Gross Income: 60300.00
  • Gross Scheduled Income: 60300.00
  • Insurance Expense: 2983.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 644.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Number With Carpet: 7
  • Operating Expense: 644.00
  • Rent Control: No
  • Total Expenses: 3034.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 441.02
  • Tax Lot: 4
  • Tax Tract Number: 044300

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2022 05/31/22 Sold $1,125,000 -10.0% $320 / Sq Ft
04/17/2022 04/17/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $1,250,000 +11.1% $356 / Sq Ft
03/21/2022 03/21/22 Off Market $1,125,000 -- --
03/20/2022 03/20/22 For Sale $1,250,000 +11.1% $356 / Sq Ft
03/19/2022 03/19/22 Off Market $1,125,000 -- --
02/15/2022 02/15/22 Price Changed $1,250,000 -17.8% $356 / Sq Ft
01/31/2022 01/31/22 For Sale $1,520,000 -- $432 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22018161

California Regional Multiple Listing Service (CRMLS)