655 E Williams Street
Banning, CA 92220
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1951 build
- – on site
Excellent opportunity to acquire a multifamily investment property located at 655 E. Williams Street Banning, California. The property is conveniently located just north of interstate 10 (I-10) off Hargrave Street. The property is positioned on a 24,394 square foot parcel and encompasses approximately 7,000 square feet of building area. Featuring beautiful mature landscaping enhanced by an automatic irrigation system, contributing to its attractive curb appeal and low-maintenance operation. Constructed in 1951, the 8-unit property consists of a single-story duplex that fronts Williams Street and 6 single-story individual cottages on the north side. The front duplex consists of one-one bedroom/one bathroom unit (approximately 600 S.F.) and one-three bedroom/two-bathroom unit (approximately 1,600 S.F.). The six individual cottages are all two bedroom/one-bathroom units (approximately 800 S.F.). Each apartment is equipped with an in-unit washer/dryer hook-ups, newer windows, private backyards, wall mounted air conditioning, oven/range and refrigerators offering tenants both convenience and comfort. Further enhancing the property’s operational efficiency, all units are individually metered for gas, electricity, trash and individual hot water heaters minimizing owner expenses. The property also offers eleven open parking spaces, low maintenance landscaping and a storage shed for owner’s tools. Given the strong rental location, close to city center and excellent property condition. Banning, California, located in Riverside County, offers a compelling landscape for real estate investors due to its strategic location, steady growth, and pro-investment climate. Nestled in the San Gorgonio Pass between the San Bernardino and San Jacinto Mountains, Banning is ideally situated along Interstate 10, just 90 miles east of Los Angeles and 30 miles west of Palm Springs, making it a key access point between major Southern California markets. The city benefits from excellent public transportation and distribution access, which supports both residential and commercial development. Just minutes away are the Cabazon Outlets and Morongo Casino Resort & Spa, a popular entertainment hub that is currently expanding with a new four-story hotel set to open in 2026, further boosting regional tourism and economic activity.
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Last updated Apr 16, 2025
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MLS# CV25082931 —
The Building
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Year Built:1951
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:7000.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:7
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Stories Total:1
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Entry Level:1
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Common Walls:1 Common Wall, No One Above
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# of Separate Gas Meters:8
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# of Separate Electric Meters:8
Interior
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Levels:One
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Entry Location:Drive By
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Laundry:Washer Hookup
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Laundry:1
Location
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Directions:Located just north of interstate 10 (I-10) off Hargrave Street
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Latitude:33.92770800
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Longitude:-116.86955000
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:R3
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Lot Features:Landscaped, Lot 20000-39999 Sqft, Rectangular Lot, Sprinkler System
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Lot Size Area:24394.0000
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Lot Size Acres:0.5600
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Lot Size SqFt:24394.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:162
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Tax Census Tract:442.00
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Tax Tract:442.00
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Tax Lot:POR
The Listing
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Special Listing Conditions:Standard
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Parcel Number:541110012
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Solera (SLRA)
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Subdivision:Solera (SLRA)
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Features:Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:11.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/15/25
Apr 15, 2025
|
Listed / Active | CRMLS_CA | $1,570,000 | 441.4% (31.2% / YR) |
|
2/14/11
Feb 14, 2011
|
DAMLS | $290,000 |
