Banning, CA 92220 508 W Williams Street

Pending
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Presented By: Jenny Zhang with A + Realty & Mortgage; propertyprojenny@gmail.com
  • MLS# TR23124320
  • 07/11/2023
  • Request Tour
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  • BedBeds • 1
  • BathBaths • 1
  • FootageSQFT • 2,000

Home Details

Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out! Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.
Presented By: Jenny Zhang with A + Realty & Mortgage; propertyprojenny@gmail.com

Interior Features for 508 W Williams Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile
Heating Y/NYes
Laundry FeaturesSeeRemarks
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 508 W Williams Street

AccessibilitySeeRemarks
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBanning
Community FeaturesSidewalks
CoolingNone
CountyRiverside
Days on Market286
DirectionsFrom Fwy10 exit 11 for 8th St/Ca243 onto 8th St turn right onto Williams for .2 miles, property is on your right
ElectricStandard
Entry Locationfront
Garage Spaces0.0
Garage Y/NNo
Gross Income48960.0
HOA / Comm AssnNo
HeatingNaturalGas, SeeRemarks
Home Warranty Y/NNo
Insurance Expense900.0
Interior FeaturesOpenFloorplan, TileCounters, BedroomonMainLevel
Land Lease Amount0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoExistingLoan, CashtoNewLoan
Lot Size Square Feet26572.0
MLS Area263 - Banning/Beaumont/Cherry Valley
MobileHomeRemainsYNNo
Net Operating Income46620.0
New ConstructionNo
Operating Expense2340.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTypeUnknown
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameWilliams
Subdivision Namenone
Tax Lot245
Tenant PaysElectricity, Gas
Total Units4
Trash Expense1440.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1964
Year Built SourcePublicRecords
ZoningR3

Exterior for 508 W Williams Street

Building Area Total2000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.61
Lot Size Area26572.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $609,000
MLS#TR23124320
List Date 07/11/2023
Property Type Pending
Phone 714.964.3311
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