NOT LISTED FOR SALE

86 N 3rd St Banning, CA 92220

3 Beds
3 Baths
16,907 Sq Ft
0.67 Acres Lot

Sale Details

Date Sold: April 26, 2016

Last sale price $1,400,000 $83 Per Sq Ft

35 Days on Market

Highlights

  • In Ground Pool
  • Corner Lot
  • Laundry Room
  • 0.67 Acre Lot
  • No HOA
  • Wall Furnace

About This Home

As of April 2016

This residential income property features 7 buildings with 31 total units. All units have garbage disposals and ovens. The complex is situated on a corner lot. Complex has good location being walking distance to Cineplex, several local businesses, restaurants, Repplier and Carpenter Hamilton Parks, Nicolet Middle School and Banning High school. The complex has a pool. Gas and electricity are centrally metered.

This sale includes 86 N. Third, 238 W. Hays, and a vacant lot.
3 APNs include:
540-166-003-3
540-162-010-7
540-166-002-2

Vacant lot across the street is 5,850 SQ. FT.

Last Agent to Sell the Property

Ophira Lenhert

OSL Inc License #00552202 Listed on: 03/16/2016

Last Buyer's Agent

Mike Nijjar

MZ BROKERAGE INC. License #00578160

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 29,250 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 16,907 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • In Ground Pool
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Tract Number 441
  • Assessor Parcel Number 540166002

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 31 Units

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $18,000
  • Insurance Expense $4,258
  • Maintenance Expense $6,500
  • Pest Control $3,600
  • Pool Expense $2,410
  • Professional Management Expense $13,000
  • Supplies Expense $15,000
  • Trash Expense $6,000
  • Water Sewer Expense $5,000
  • New Taxes Expense $7,275
  • Gross Income $20,260
  • Net Operating Income $148,059

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0.67 Acres

Listing Details

  • CapRate: 9.90
  • Professional Management Expense: 13000.00
  • Property Attached: No
  • Supplies Expense: 15000.00
  • Water Sewer Expenses: 5000.00
  • Property Type: Residential Income
  • Parcel Number: 540166002
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 82.81

Exterior Features

  • Pool Expense: 2410.00
  • Pool Features: In Ground
  • Pool Private: Yes

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 3600.00
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 29250.00
  • Price Per Lot Square Foot: 47.86
  • Lot Size Acres: 0.6710

Multi Family

  • Electric Expense: 18000.00
  • Gross Income: 20260.00
  • Gross Scheduled Income: 243120.00
  • Insurance Expense: 4258.00
  • Lot Size Area: 29250.0000 Square Feet
  • Maintenance Expense: 6500.00
  • Net Operating Income: 148059.00
  • Number Of Units Total: 31
  • Operating Expense: 88983.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7275.00
  • Tax Lot: 0000
  • Tax Tract Number: 0441.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2016 04/26/16 Sold $1,400,000 -17.9% $83 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
02/26/2016 02/26/16 For Sale $1,705,000 -- $101 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,255 $531,540 $85,878 $445,662
2023 $7,255 $510,902 $82,545 $428,357
2022 $7,103 $500,885 $80,927 $419,958
2021 $6,969 $491,065 $79,341 $411,724
2020 $6,916 $486,031 $78,528 $407,503
2019 $6,813 $476,502 $76,989 $399,513
2018 $6,832 $474,861 $75,480 $399,381
2017 $5,785 $399,970 $69,360 $330,610
2016 $1,944 $135,021 $34,684 $100,337
2015 $1,908 $133,112 $34,164 $98,948
2014 $1,909 $130,658 $33,496 $97,162
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16041544

California Regional Multiple Listing Service (CRMLS)

APN: 540-166-003

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