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
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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 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

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 $9,034 $663,412 $132,199 $531,213
2023 $9,034 $637,653 $127,066 $510,587
2022 $8,836 $625,151 $124,575 $500,576
2021 $8,669 $612,894 $122,133 $490,761
2020 $8,596 $606,610 $120,881 $485,729
2019 $8,462 $594,716 $118,511 $476,205
2018 $8,414 $585,556 $116,188 $469,368
2017 $8,281 $574,124 $113,910 $460,214
2016 $7,874 $562,917 $111,677 $451,240
2015 $5,877 $418,650 $91,553 $327,097
2014 $5,841 $410,500 $89,760 $320,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14255536

California Regional Multiple Listing Service (CRMLS)

APN: 540-152-019

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