402 E Ramsey, Banning, California 92220, Banning, 92220 - 2 bed, 2 bath
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Banning, California 92220
This Upgraded Downtown Residence represents a High-Potential Investment Opportunity due to its unique professional versatility. Listed at $469,900, the property maintains price stability relative to its $445,125 Fair Market Value, especially considering its rare Commercial Conversion Potential near the Court House. Boasting a Condition Rating of 3, the home features a Granite Kitchen, newer plumbing, and Mountain Views. Located within the Banning Unified district, this 1,505 sqft asset is a strategic fit for Owner-Occupants or Buy-and-Hold Investors seeking a move-in-ready property with significant long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 402 E Ramsey Subject | $469,900* List Price | 2 | 2 | 1,505 | $296 | - |
A 1276 N Alessandro Sold | $450,000 | 3 | 2 | 1,486 | $303 | 0.8 mi |
B 1294 N Blanchard Sold | $429,900 | 3 | 2 | 1,400 | $307 | 0.9 mi |
C 5170 Raintree Place Sold | $482,410 | 2 | 2 | 1,530 | $315 | 0.3 mi |
D 5223 Raintree Place Sold | $473,984 | 2 | 2 | 1,530 | $310 | 0.3 mi |
E 755 N Allen Pending | $420,000 List Price | 3 | 2 | 1,328 | $316 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant recent updates, including a newer roof, plumbing, and flooring. The interior features modern recessed lighting, fresh paint, and granite countertops in the kitchen. While the home was built in 1954, the well-maintained systems and cosmetic refreshes to the kitchen and living areas elevate it above a fair rating.
Strategically located in Banning Downtown near the Court House, this property offers the versatile potential to be converted into a commercial space, providing significant value for investors or business owners.
The home features a comprehensive list of modern improvements including a newer roof, plumbing, flooring, and granite countertops, significantly reducing the need for immediate capital expenditures.
With 1,505 square feet of living space for a two-bedroom layout, the property offers a more spacious interior feel than many comparable homes of the same era.
Despite the granite upgrades, the kitchen is noted as being small, which may be a limiting factor for buyers who prioritize large culinary or entertaining spaces.
While commercial conversion is a possibility, it requires the buyer to perform independent verification with the City of Banning, adding a layer of complexity and uncertainty to the acquisition.
Nice, upgraded home located in Banning Downtown close to the Court House. This home has 2 bedrooms. 1.5 bathrooms .1505 Sq. Ft. newer carpet, ceramic tile and Laminated flooring, lights, roof, plumbing, fence, concrete driveway, enclosed bris way, small kitchen with granite countertop, back yard with Storage shed 8 X 12, This property can convert to Commercial, buyer to verify with the City of Banning.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,505 | 1,683 | 40% |
| Lot Size | 5,663 | 6,233.5 | 45% |
| Price | $469.9K | $446.2K | 59% |
| Price per sq ft | $312 | $263 | 81% |
| Built year | 1954 | 1995 | 10% |
| HOA | $0 | $202 | 33% |
| Days on market | 28 | 197 | 0% |
Mar 25, 2026
$469,900
Initial Listing
Nov 15, 2019
$170,000
Public Record