497 495 Martin Street, Banning, California 92220, Banning, 92220 - bed, bath
497 495 Martin Street
Banning, California 92220
Property Price
SUMMARY
Analysis of 497 495 Martin Street, Banning, California 92220 is currently available with a list price of $599,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property consists of a brand-new 2024 construction unit and a second unit that has been completely renovated, providing modern finishes, new systems, and turnkey condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
This duplex features two 2-bedroom units, offering a versatile opportunity for investors to maximize rental income or for first-time buyers to utilize house-hacking strategies.
- Turnkey Condition
With one unit being a 2024 new construction and the second unit completely renovated, the property promises low immediate maintenance costs and modern appeal for tenants.
- Strategic Price Reduction
A significant price adjustment from $650,000 to $599,000 enhances the property's value proposition and increases its competitiveness in the current market.
CONSRISKS & DEFICIENCIES
- Compact Living Quarters
At approximately 700 square feet per 2-bedroom unit, the interior living space is relatively small, which may limit appeal for tenants or owners seeking more spacious layouts.
- Secondary Market Location
While located in an up-and-coming area, Banning is a secondary market that may experience different appreciation rates and rental demand compared to major metropolitan hubs.
About 497 495 Martin Street
New construction built in 2024 featuring a 2-bedroom unit plus a completely renovated 2-bedroom second unit. Each Unit is around 700 sq.ft each. Excellent opportunity for investors or first-time buyers. Located in an up-and-coming area of Banning, just minutes from freeway access, schools, and shopping.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 2024
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | 2.0 | 20% |
| Baths | - | 1.0 | 20% |
| Square foot | 1,400 | 2,577 | 40% |
| Lot Size | 6,534 | 7,841 | 40% |
| Price | $599.0K | $540.0K | 60% |
| Price per sq ft | $428 | $252 | 80% |
| Built year | 2024 | 1980 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 191 | 20% |
Pricing History
Listed for Sale
Feb 18, 2026
$599,000
$650,000
-8% Price Drop
Initial Listing
Price Change
Jan 29, 2026
$650,000
Initial Listing