1423 W Hoffer, Banning, California 92220, Banning, 92220 - 4 bed, 2 bath
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Banning, California 92220
This Value-Add Residential Property is listed at $440,000, positioned near its $430,762 Fair Market Value. Currently maintaining a Fair Condition Rating that requires interior "TLC," the home offers immediate structural value with a recently installed new roof. The spacious 9,148 sqft corner lot and functional 4-bedroom floor plan provide a strong canvas for modernization and forced appreciation. Located within the Banning Unified district, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a project with high utilization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1423 W Hoffer Subject | $440,000* List Price | 4 | 2 | 1,586 | $255 | - |
A 339 W Wilson Sold | $313,000 | 2 | 2 | 1,445 | $217 | 0.7 mi |
B 711 N 16th Sold | $420,000 | 3 | 2 | 1,495 | $281 | 0.2 mi |
C 34 W Gilman Sold | $375,000 | 2 | 1 | 1,344 | $279 | 0.9 mi |
D 2914 W Wilson Sold | $475,000 | 3 | 2 | 1,380 | $344 | 1.0 mi |
E 1065 N San Gorgonio Sold | $399,900 | 4 | 4 | 1,697 | $236 | 0.9 mi |
F 1533 W Hays Street Sold | $433,000 | 3 | 2 | 1,661 | $261 | 0.6 mi |
G 1142 W King Active | $529,880 List Price | 4 | 2 | 1,600 | $331 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is aged and requires 'TLC' as noted in the listing. While it benefits from a recently installed new roof, the interior shows signs of wear, including dated bathroom fixtures and worn carpeting that needs replacement. The home is functional but requires minor cosmetic updates to meet current market standards.
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 = 1586.
The property features a recently installed new roof, providing significant immediate value and long-term peace of mind regarding structural maintenance.
Situated on a generous 9,148 sqft corner lot, the home offers enhanced privacy and ample outdoor space compared to standard interior lots.
The property is noted as needing 'TLC,' indicating that buyers will likely need to invest additional capital into cosmetic or functional repairs.
Built in 1980, the home may require modernization of its interior finishes and energy systems to meet the standards of contemporary buyers.
This charming corner-lot home offers both space and great potential. The property features 4 bedrooms and 2 bathrooms, along with a well-designed layout that includes a formal living room, dining room, and a comfortable family room with a cozy fireplace, perfect for relaxing on cool evenings. The home also features surround sound throughout, enhancing the living and entertainment experience, and a recently installed new roof, providing added value and peace of mind. With a little TLC, this property presents a wonderful opportunity to create the perfect dream home for a growing family.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,586 | 1,683 | 45% |
| Lot Size | 9,148 | 6,286 | 80% |
| Price | $440.0K | $442.7K | 50% |
| Price per sq ft | $277 | $263 | 63% |
| Built year | 1980 | 1995 | 24% |
| HOA | $0 | $202 | 33% |
| Days on market | 33 | 197 | 0% |
Mar 20, 2026
$440,000
Initial Listing
Oct 20, 2023
$457,000
Public Record
Jul 18, 2001
$112,000
Public Record