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Keller Williams
725 E Williams, Banning, CA 92220
- $780,000
- 3
- BD
- 3
- BA
- 1,744
- SqFt
- List Price
- $780,000
- Status
- ACTIVE
- Days on Market
- 12
- MLS#
- CV26205760
- Subtype
- Residential
- Style
- Ranch
- Year Built
- 1950
- Bedrooms
- 3
- Bathrooms
- 3
- Full Baths
- 1
- Half Baths
- 2
- Living Area
- 1,744
- Lot Size
- 73,181
- Acres
- 1.68
- Subdivision
- N/A
- Neighborhood
- N/A
- MLS Area Major
- Banning/Beaumont/Cherry Valley (263)
Property Description
Attention builders, developers, and savvy investors—725 E Williams St represents a rare, high-yield opportunity in the rapidly expanding Banning market. Boasting a massive, level 1.68-acre lot, this property offers the perfect combination of immediate rental income and massive future upside.The property features a spacious 1,744 sq ft home (3 beds, 1 full bath, 2 half baths, and a 3-car garage) that is currently occupied by reliable tenants. This provides an excellent turnkey setup to generate steady holding income while you navigate architectural planning, engineering, and city permits.Per the City of Banning, the true value lies in the land, which is zoned HDR (High Density Residential). This zoning permits a density baseline of 11 to 18 units per acre, allowing for a 25+ unit build out (with the added possibility of lucrative density bonuses for Senior Housing or Low-Income Housing initiatives). PROPERTY SALES AS IS.
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Additional Information
- Interior Features
- All Bedrooms Down
- Property Description
- Ranch
- Zoning
- R-3
- Flooring
- Carpet, Vinyl
- Heating
- Central
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
- Stories
- One Level
- Levels
- One
- Roof
- Tar/Gravel
- Pool Type
- None
- Parking Features
- Garage
- Garage Spaces
- 3
- School District
- Banning Unified
- View
- City Lights, Mountain(s)
Mortgage Calculator
Listing courtesy of Listing Agent: Fereshteh Haddad (homesbyfere@yahoo.com) from Listing Office: ACREAGE REAL ESTATE.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.