NOT LISTED FOR SALE

343 N 2nd St Banning, CA 92220

7 Beds
5 Baths
3 Sq Ft
0.27 Acres

Last Sold February 06, 2018

Last sale price $400,000 $133,333 Per Sq Ft

40 Days on Market

About This Home

As of February 2018

Located in downtown Banning, subject property is a perfect for the small investor, it features a total of five units on two legal lots. " one APN", one lot has two units and the other three units seat on the other lot. Subject property is also walking distance to schools, shopping and local restaurants.

Last Agent to Sell the Property

Gilbert Ayala

Gilbert Realty and Loans License #00936307 Listed on: 12/08/2017

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 99,1
  • Tax Tract Number 540
  • Assessor Parcel Number 540152020

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,000
  • Operating Expense $1,700
  • Gross Income $42,445
  • Net Operating Income $42,445

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 540152020
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11607.00

Multi Family

  • Gross Income: 42445.00
  • Gross Scheduled Income: 42445.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 42445.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 42445.00
  • Rent Control: No
  • Total Actual Rent: 3245.00
  • Total Expenses: 1700.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 441.01
  • Tax Lot: 99,1
  • Tax Tract Number: 540

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Prior Sale
02/06/2018 02/06/18 Sold $400,000 -5.9% $133,333 / Sq Ft
12/08/2017 12/08/17 For Sale $425,000 +10.4% $141,667 / Sq Ft
12/15/2016 12/15/16 Sold $385,000 -18.9% $113 / Sq Ft View Prior Sale
10/14/2016 10/14/16 Pending -- -- --
07/15/2014 07/15/14 For Sale $475,000 -- $140 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gilbert Ayala

    Seller's Agent in 2018

    Gilbert Ayala

    Gilbert Realty and Loans

    (562) 805-9143

    17 Total Sales

    Gilbert Ayala
    Section Image

  • C

    Buyer's Agent in 2018

    Christopher Dumayas

    MZ BROKERAGE INC.

    (626) 676-5090

    12 Total Sales

    Christopher Dumayas
    Section Image
  • Chris Campbell

    Seller's Agent in 2016

    Chris Campbell

    RE/MAX

    (951) 237-4531

    7 in this area

    63 Total Sales

    Chris Campbell
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17276989

California Regional Multiple Listing Service (CRMLS)

APN: 540-152-020

California Riverside County Banning 92220

343 N 2nd St, Banning, CA

This home is located at 343 N 2nd St, Banning, CA 92220 since 08 December 2017. This property was built in 1946. 343 N 2nd St is a home located in Riverside County with nearby schools including Banning High School.

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.

California Regional Multiple Listing Service (CRMLS) 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

Nearby Homes