NOT LISTED FOR SALE

368 N 3rd St Banning, CA 92220

6 Beds
5 Baths
5,600 Sq Ft
0.27 Acres

Last Sold April 13, 2015

Last sale price $552,000 $99 Per Sq Ft

98 Days on Market

Highlights

  • Mountain View
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Paved or Partially Paved Lot

About This Home

As of April 2015

GREAT INVESTMENT- Large 10 unit apartment complex in the City of Banning. Income at approximately $6000.00 a month with a High Cap Rate. Seller has done over $60,0000.00 in renovation in past two years, including new roof on back two units, new swamp cooler, new windows, new stairwells, remodeled kitchens, new laminate floors, and new paint. 4 new water heaters and 4 new furnaces have been installed. New exterior paint job.

Last Agent to Sell the Property

Anna Pathe

Top Producers Realty, Ryjen Group License #01793564 Listed on: 12/04/2014

Co-Listed By

Julie Bruckner

Top Producers Realty, Ryjen Group License #01221564

Last Buyer's Agent

Jason Lee

Team Spirit Realty License #01845646

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 0.27 Acre Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Property Attached

Interior Spaces

  • 5,600 Sq Ft Home
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 8 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 13 / 224
  • Tax Tract Number 44101
  • Assessor Parcel Number 540152019

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Trash Expense $4,800
  • Water Sewer Expense $3,600
  • Gross Income $5,975
  • Net Operating Income $4,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Parcel Number: 540152019
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 98.57

Exterior Features

  • View: Mountain(s), Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking Features: Assigned, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Trash Expense: 4800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, 11-15 Units/Acre, Paved
  • Lot Size Sq Ft: 11703.00
  • Lot Size Acres: 0.2690

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 5975.00
  • Gross Scheduled Income: 5975.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 11703.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 4000.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Operating Expense: 970.00
  • Rent Control: No

Tax Info

  • Tax Block: 224
  • Tax Lot: 13
  • Tax Tract Number: 44101
  • Tax Year: 2014

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
04/13/2015 04/13/15 Sold $552,000 -8.0% $99 / Sq Ft
03/12/2015 03/12/15 Pending -- -- --
12/04/2014 12/04/14 For Sale $599,900 +50.0% $107 / Sq Ft
11/26/2012 11/26/12 Sold $400,000 +1.3% $71 / Sq Ft View Prior Sale
10/22/2012 10/22/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $395,000 -- $71 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Anna Pathe

    Top Producers Realty, Ryjen Group

    Section Image
  • Julie Bruckner

    Seller Co-Listing Agent in 2015

    Julie Bruckner

    Top Producers Realty, Ryjen Group

    (909) 226-8038

    135 Total Sales

    Julie Bruckner
    Section Image

  • J

    Buyer's Agent in 2015

    Jason Lee

    Team Spirit Realty

    (310) 628-7100

    68 Total Sales

    Jason Lee
    Section Image
  • Tony Guglielmo

    Seller's Agent in 2012

    Tony Guglielmo

    ALLIED COMMERCIAL REAL ESTATE

    (909) 786-4302

    21 Total Sales

    Tony Guglielmo
    Section Image
  • Jerry Sun

    Buyer's Agent in 2012

    Jerry Sun

    RE/MAX

    (626) 589-0997

    141 Total Sales

    Jerry Sun
    Section Image

  • S

    Buyer Co-Listing Agent in 2012

    Steven Dou

    RE/MAX

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14255536

California Regional Multiple Listing Service (CRMLS)

APN: 540-152-019

California Riverside County Banning 92220

368 N 3rd St, Banning, CA

This home is located at 368 N 3rd St, Banning, CA 92220 since 04 December 2014. This property was built in 1945. 368 N 3rd 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