1058 N Hermosa Avenue, Banning, California 92220, Banning, 92220 - 1 bed, 1 bath
1058 N Hermosa Avenue
Banning, California 92220
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1058 N Hermosa Avenue Subject | $229,900* List Price | 1 | 1 | 462 | $498 | - |
A 470 W Wilson Street Sold | $203,000 | 1 | 1 | 480 | $423 | 0.8 mi |
B 450 Martin Street Pending | $249,900 List Price | 1 | 1 | 644 | $388 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1932, this property is explicitly marketed as an investor 'project' requiring cash offers, which indicates it likely fails to meet habitability standards for traditional financing. The extremely small 462 sqft structure shows significant exterior wear and requires substantial rehabilitation of all major systems, including potential structural, electrical, and plumbing updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 462.
- Significant Investment Potential
Positioned specifically for investors, this property serves as an ideal 'fix-and-flip' or value-add project with substantial upside potential in the Banning market.
- Expansive Lot Size
The generous 9,148 sqft rectangular lot provides ample room for property expansion, the addition of an ADU, or extensive outdoor development.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The requirement for cash offers suggests the home's current condition likely disqualifies it from traditional FHA or VA financing, limiting the pool of potential buyers.
- Extremely Limited Living Area
At only 462 square feet, the interior living space is exceptionally small, which may necessitate a costly structural expansion to meet modern residential needs.
About 1058 N Hermosa Avenue
ATTENTION INVESTORS!!! CASH OFFERS!!! Make this property your next project. Charming home situated on a large rectangular lot.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1932
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 462 | 1,683 | 0% |
| Lot Size | 9,148 | 6,098 | 82% |
| Price | $229.9K | $450.0K | 1% |
| Price per sq ft | $498 | $261 | 99% |
| Built year | 1932 | 1997 | 2% |
| HOA | $0 | $202 | 31% |
| Days on market | 366 | 199 | 96% |
Pricing History
Listed for Sale
Dec 23, 2025
$229,900
$259,900
-12% Price Drop
Initial Listing
Price Change
Aug 18, 2025
$259,900
Initial Listing
Price Change
Mar 6, 2025
$299,900
Initial Listing