333 N Murray St presents an excellent opportunity to acquire a six-unit multifamily property in the growing community of Banning. The property features a diverse unit mix consisting of (3) studio units, (2) one-bedroom + one-bathroom units, and (1) two-bedroom + one-bathroom unit, offering flexibility to attract a wide range of tenants. This well-configured unit mix provides stable rental demand and strong income potential for investors seeking a manageable asset in an affordable rental market. Situated in a convenient residential neighborhood, the property offers tenants easy access to local shopping, dining, and major transportation corridors, while benefiting from Banning’s continued population growth and demand for workforce housing. 333 N Murray St represents an attractive value-add or long-term hold opportunity for investors looking to expand their footprint in the Inland Empire multifamily market.
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.
