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655 E Williams Street Banning, CA 92220
$1,475,000 0 beds, 0 baths
0 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

Excellent opportunity to acquire a multifamily investment property located at 655 E. Williams Street Banning, California. Zero turnover in over two years. 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 6,950 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 1,550 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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# CV25082931
List price is $1,475,000 Reduced by $95,000 on 4/29/2025
Beds: 0
Baths: 0
Built in 1951
1 story
0.56 acres
Lot size: 0.5600
Subdivision: Solera (SLRA)
County: Riverside
Zoning: R3
Lot description: Landscaped,Rectangular Lot,Sprinkler System
MLS area: 263 - Banning/Beaumont/Cherry Valley

Last Updated: 5/8/2025

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This listing belongs to the 263 - Banning/Beaumont/Cherry Valley MLS area

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Lat/Long: 33.927708, -116.869550.
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Listing Agent: Douglas McCauley
Co Listing Agent: David Covarrubias
Lic#: 01801928
Office Name: Sherman Oaks

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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