$785,000
SOLD AUG 20, 2025

5231 W Wilson St Banning, CA 92220

-- Bed
-- Bath
6,000 Sq Ft
13,939 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

5% Below List Price

Highlights

  • 0.32 Acre Lot
  • Laundry Room
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of August 2025

6-unit multifamily property in the Inland Empire with stable tenants and below-market rents. Property sold AS-IS with tenants in place.

Last Agent to Sell the Property

Javier Feria

Coast to Coast Real Estate Inv Brokerage Email: info@adu.realestate License #02125445 Listed on: 08/22/2025

Last Buyer's Agent

Javier Feria

Coast to Coast Real Estate Inv Brokerage Email: info@adu.realestate License #02125445 Listed on: 08/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 13,939 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Entry on the 6th floor

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 97
  • Tax Tract Number 1001
  • Assessor Parcel Number 408134005

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Insurance Expense $3,742
  • Trash Expense $2,427
  • Water Sewer Expense $6,400
  • New Taxes Expense $4,732
  • Operating Expense $32,974
  • Gross Income $59,400
  • Net Operating Income $26,426

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.32 Acres

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 3.40
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 6400.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 408134005
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 6
  • Price Per Square Foot: 130.83

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 2427.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Multi Family

  • Gross Income: 59400.00
  • Gross Scheduled Income: 115200.00
  • Insurance Expense: 3742.00
  • Lot Size Area: 13939.0000 Square Feet
  • Net Operating Income: 26426.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 32974.00
  • Rent Control: No
  • Total Expenses: 32974.00

Tax Info

  • New Taxes Expense: 4732.00
  • Tax Lot: 97
  • Tax Tract Number: 001001
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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
08/22/2025 08/22/25 For Sale $825,000 +5.1% $138 / Sq Ft
08/20/2025 08/20/25 Sold $785,000 -- $131 / Sq Ft
07/24/2025 07/24/25 Pending -- -- --
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 $9,465 $738,750 $117,076 $621,674
2023 $9,465 $710,066 $112,531 $597,535
2022 $9,318 $696,144 $110,325 $585,819
2021 $9,140 $682,495 $108,162 $574,333
2020 $9,049 $675,497 $107,053 $568,444
2019 $8,908 $662,253 $104,954 $557,299
2018 $8,876 $649,269 $102,898 $546,371
2017 $8,739 $636,539 $100,881 $535,658
2016 $8,510 $624,058 $98,903 $525,155
2015 $8,368 $614,686 $97,418 $517,268
2014 $8,375 $602,647 $95,510 $507,137
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2508292

California Regional Multiple Listing Service (CRMLS)

APN: 408-134-005

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