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Listed by Fereshteh Haddad, DRE #01220577 • ACREAGE REAL ESTATE
$ 780,000
Est. payment /mo
New
725 E Williams Banning, CA 92220
3 Beds
2 Baths
1,744 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,744 sqft
Price per Sqft $447
MLS Listing ID CRCV26205760
Style Ranch
Bedrooms 3
Full Baths 1
Half Baths 2
Year Built 1950
Lot Size 1.680 Acres
Property Sub-Type Single Family Home
Source California Regional MLS
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.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R-3
Interior
Heating Central Forced Air
Cooling Central AC
Fireplaces Type Living Room
Laundry Other
Exterior
Parking Features Garage
Garage Spaces 3.0
Fence Chain Link
Pool 31, None
View Hills, City Lights
Building
Story One Story
Water District - Public
Architectural Style Ranch
Others
Tax ID 541110013
Special Listing Condition Not Applicable
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