Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1279 Williams Street, Banning, CA 92220
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    • MLS#: IV24249911 ( Apartment )
    • Street Address: 1279 Williams Street
    • Viewed: 1
    • Price: $1,999,900
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1947
    • Bldg sqft: 0
    • Days On Market: 5
    • Additional Information
    • County: RIVERSIDE
    • City: Banning
    • Zipcode: 92220
    • Subdivision: Solera (slra)
    • Provided by: RE/MAX TIME REALTY
    • Contact: ROBERT ROBERT
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Incredible Investment Opportunity 1279 Williams St., Banning, CA Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high performing, cash flowing asset in the heart of Banning, CA. This recently remodeled 5 unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4 bedroom, 2 bathroom layout to a cozy 1 bedroom, 1 bathroom setup, appealing to families and individuals alike. The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, theres no need for additional upfront expensessimply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction. To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property. Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether youre looking to expand your portfolio or secure a stable income generating asset, this property is truly a no brainer. Seize this opportunity to own a fully remodeled, cash flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
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    Features
    Building Area Total
    1. 4580.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Central Air
    Country
    1. US
    Days On Market
    1. 89
    Electric Expense
    1. 0.00
    Entry Location
    1. 1st floor
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Heating
    1. None
    Insurance Expense
    1. 4000.00
    Laundry Features
    1. Inside
    Levels
    1. One
    Lot Features
    1. 6-10 Units/Acre
    Netoperatingincome
    1. 139800.00
    Parcel Number
    1. 540103020
    Pool Features
    1. None
    Postalcodeplus4
    1. 4475
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 428752819:CRM
    Subdivision Name Other
    1. Solera (SLRA)
    Taxblock
    1. 277
    Totalexpenses
    1. 600.00
    Trash Expense
    1. 0.00
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1947
    Year Built Source
    1. Assessor
    Zoning
    1. R3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836