
Banning, California 92220
Analysis of 162 N 3rd, Banning, California 92220 is currently available with a list price of $399,900. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Banning Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1915, this 100+ year old property shows significant age with no mention of recent renovations to kitchens, bathrooms, or major systems (HVAC/Electric). The description's focus on 'investment opportunity' and 'future improvements' typically indicates the need for a full rehab to address outdated infrastructure and potential safety/structural defects inherent in a century-old structure.
This duplex features separate electric and gas meters for both units, making it an ideal turnkey investment for rental income or a primary residence with a mortgage-offsetting unit.
The property boasts a detached two-car garage, an extended driveway, and four dedicated parking spaces, providing rare and extensive storage for vehicles, equipment, or recreational toys.
Each unit includes its own private fenced yard and independent living area, offering a level of privacy and security that is highly attractive to long-term tenants.
Built in 1915, the property may require ongoing maintenance or costly upgrades to aging infrastructure, such as plumbing and electrical systems, to meet modern standards.
With a total of 1,252 square feet split between two units, the individual living spaces are relatively small, which may limit appeal for larger families or those seeking spacious interiors.
Great investment opportunity in the heart of Banning! This versatile duplex features two separate units with individual electric and gas meters, making it ideal for rental income or multi-generational living. The front unit offers 1 bedroom and 1 bathroom, complete with its own private fenced front yard, four dedicated parking spaces, and an extended driveway for added convenience. The rear unit features a spacious 2 bedroom, 1 bathroom layout, along with a private outdoor area and ample parking space, perfect for vehicles, equipment, or recreational toys. The long driveway extends from the front of the property all the way to the rear easement, providing additional parking and easy access throughout. Both units offer private, independent living spaces, creating a comfortable and functional setup for occupants. The property also includes a detached laundry room in a separate structure, as well as a detached two-car garage offering additional storage or parking potential. Situated on a fully fenced lot, the property provides privacy, security, and plenty of outdoor space for tenants or future improvements. Conveniently located near local shopping, dining, and with easy access to major commuter routes, this property presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Don’t miss your chance to own a well positioned, income producing property in a growing area!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,252 | - |
| Lot Size | 6,098 | - |
| Price | $399.9K | $541.5K |
| Price per sq ft | $319 | $292 |
| Built year | 1915 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 35 |
Jul 17, 2026
$399,900
Initial Listing
Oct 12, 2021
$290,000
Public Record
May 3, 2016
$135,000
Public Record
Apr 14, 2010
$52,500
Public Record