This duplex fixer offers strong upside potential. The front unit features 3 bedrooms and 1.5 bathroom, while the rear unit offers 2 bedrooms and 1 bathroom. The back unit has suffered severe fire damage, and the front unit sustained fire damage to the rear bedroom and patio. The property is being sold strictly as-is, with buyers to verify all permits, square footage, and condition of each unit to their satisfaction. Exterior highlights include alley access, a large driveway, front yard, and spacious backyard, offering flexibility for future improvements or redevelopment. Ideal for those seeking a value-add project, renovation opportunity, or redevelopment potential. Cash Only.
Exceptional investment opportunity featuring three fully independent units with potential for strong rental income. The desirable unit mix includes a spacious 2-Bed/2-Bath unit, a functional 1-Bed/1-Bath unit, and a convenient Studio with a full bath. The units were painted from outside, new roof, and other updates and modifications have been made to select units. Tenants benefit from completely separate gas and electric meters (3 of each), with a single shared water meter simplifying utility management. The property also features a promising backyard area with alley access, presenting a potential opportunity for an Accessory Dwelling Unit (ADU) conversion. Buyer and agent to verify ADU feasibility. Located just minutes from the 10 Freeway, providing easy access for commuters.
This six-unit multifamily property at 545 N 2nd St, Banning, CA, presents an exceptional value-add opportunity for investors seeking strong returns and significant upside potential in a growing market. The property consists entirely of (6) 1-bedroom, 1-bathroom units, all of which are individually metered for gas and electric, providing ease of management and lower owner expenses. The building offers an immediate pathway to increased income: Current Occupancy: 2 units are currently rented at $1,540 each, generating a total Gross Monthly Income of $3,080. Immediate Vacancy Fill: Two existing units are vacant and ready to be filled. By leasing these at the current market rate of $1,540 per month, the investor can achieve a current Cap Rate of ±6.83% (based on a hypothetical purchase price). The significant value-add component lies in the rear two units: Rehabilitation Opportunity: Two units in the rear of the property are fire-damaged and require rehabilitation. Once all six units are renovated and leased at the prevailing market rate, the proforma annual gross income is projected at $108,480 and an exceptional proforma Cap Rate of 11.18%. Situated in Banning, CA, offering proximity to local amenities and potential for tenant demand from the surrounding Inland Empire area. Ideal for investors looking to execute a clear Rehab and Stabilize strategy to maximize equity and cash flow.
GREAT INVESTMENT OPPORTUNITY – TRIPLEX! Don’t miss your chance to own this income-generating triplex, ideal for investors or owner-occupants! Each of the three units features 1 bedroom, 1 bathroom, and 720 sq ft of living space — plus individual garage parking for each unit. Live in one and rent the other two, or add this solid property to your investment portfolio. Two units are currently occupied by long-term tenants, while Unit A is vacant and recently renovated, featuring new flooring, a modernized bathroom, and fresh interior paint. Perfect for immediate move-in or top-dollar rental. The exterior has also seen fresh repairs and a new paint job, making this property move-in and rent-ready. Opportunities like this don’t last long — especially with a vacant, upgraded unit ready to go. Live in one. Rent two. Build wealth. Schedule your showing today!
Banning is located in California. Banning, California has a population of 29,664. Banning is less family-centric than the surrounding county with 20.68% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Banning, California is $46,834. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Banning is 43.1 years.
The average high temperature in July is 97.2 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 15.5 inches per year, with 0.6 inches of snow per year.
