5
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Listed by Fereshteh Haddad • ACREAGE REAL ESTATE
$780,000
Est. payment /mo
3 Beds
3 Baths
1,744 SqFt
New
725 East Williams Banning, CA 92220
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,744 sqft
Price per Sqft $447
MLS Listing ID CV-26205760
Style Ranch
Bedrooms 3
Full Baths 1
Half Baths 2
Year Built 1950
Lot Size 1.680 Acres
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
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.
PROPERTY SALES AS IS.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R-3
Interior
Heating Central
Cooling Central Air
Flooring Vinyl, Carpet
Fireplaces Type Living Room
Laundry Inside
Exterior
Garage Spaces 3.0
Pool None
Community Features Sidewalks, Street Lights
View Y/N Yes
View City Lights, Mountain(s)
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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