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725 E Williams, Banning

CA 92220
$780,000
Est. Payment $3,748/mo
3
Beds
3
Baths
1,744
SqFt
$447
Per SqFt
1950
Year Built
18 Days
Time on Market

About This Home

Property TypeSingle Family
Year Built1950
Garage3 Spaces
Lot Size1.68 Acres
Stories1
ViewCity Lights, Mountain(s)
HeatingCentral
CoolingCentral Air
ParkingGarage
FireplaceLiving Room
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).

68-acre lot, this property offers the perfect combination of immediate rental income and massive future upside.
Listed by Fereshteh Haddad · ACREAGE REAL ESTATE · DRE 01220577
Last updated 2 Minutes Ago
MLS# CV26205760 · Source: CRMLS

Monthly Payment Estimate

$4,893/mo
Principal & Interest
$3,94481%
Property Tax
$71515%
Special Assessments
$60%
Insurance
$2285%
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Nearby Amenities

Why work with Ice Realty Group

Coastal San Diego · Since 2009
$350M+
Sold since 2009
17 yrs
On the San Diego coast
6
Local experts

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