1058 N Hermosa, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $344,980—positioned slightly above the $336,687 Fair Market Value. While the list price reflects a premium, the property features a Condition Rating of 2, showcasing a modern, fully remodeled interior. The expansive 9,148 sqft lot provides significant ADU & Expansion Potential, offering a strategic value-add for long-term growth. With no HOA restrictions and mountain views, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready home with development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1058 N Hermosa Subject | $344,980* List Price | 2 | 1 | 500 | $673 | - |
A 541 N Hargrave St Active | $350,000 List Price | 2 | 2 | 700 | $500 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1932, the property is described as a complete turnkey remodel with a modern kitchen, new appliances, and updated bathrooms. Per the criteria, a renovation under 5 years old qualifies for an excellent rating.
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 = 500.
The property has been completely updated with a modern kitchen, new appliances, and renovated bathrooms, offering a move-in-ready experience for buyers.
Situated on a generous 9,148 sqft lot, there is significant space to build a second home or ADU, providing excellent value-add or multi-generational living potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 500, other record living area = 462. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The property was recently sold within the past year on 2026-04-30. The sold price is $171,000.00.
With only 500 square feet of living area for a two-bedroom configuration, the interior may feel cramped and lacks the space typical of modern residential standards.
ALL NEW!! Remodeled Turnkey and ready to move in. Peaceful community, HUGE YARD Room For second Home (ADU) New Stove, Microwave, remodeled kitchen, Bathrooms. (MODERN) NO HOA
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 500 | 1,574 |
| Lot Size | 9,148 | 5,523 |
| Price | $345.0K | $437.6K |
| Price per sq ft | $690 | $260 |
| Built year | 1932 | 2001 |
| HOA | $0 | $220 |
| Days on market | 19 | 79 |
Jul 3, 2026
$344,980
Initial Listing
Apr 30, 2026
$171,000
Public Record
Apr 23, 2004
$35,000
Public Record