514 E Victory, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
Loading property details...
Banning, California 92220
Analysis of 514 E Victory, Banning, California 92220 is currently available with a list price of $815,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1964, this property is well-maintained and clean but shows clear signs of being outdated. While the bathrooms have been remodeled as noted in the description, the kitchen remains dated with older white appliances, basic cabinetry, and vinyl flooring. The home features older wall heating units and original-style architectural details. Although move-in ready, the property requires modernization of its core systems and kitchen to meet current market standards for higher tiers.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 95832, living area = 1512.
The expansive 2.2-acre flat lot offers a rare opportunity for subdivision into up to four parcels, providing substantial upside for investors and developers looking to maximize land utility.
The property features fully usable, level terrain secured by retaining walls, a retractable gate, and perimeter fencing, making it an ideal setup for horse enthusiasts or large-scale outdoor customization.
Built in 1964 and serviced by a septic system, the property may require significant capital investment for modernizing core utilities and structural elements beyond the updated bathrooms.
At a list price of $815,000 for a 1,512-square-foot home, the value is heavily weighted toward future land potential rather than the current dwelling, which may limit its appeal to traditional residential buyers.
Welcome to 514 E Victory Ave in Banning—Back on the market with a REDUCED price. This is a unique opportunity for homeowners, investors, and developers. This 3-bedroom, 2-bath home features remodeled bathrooms and a cozy wood-burning fireplace, all set on a flat, fully usable 2.2-acre lot with potential to be subdivided into up to four parcels (buyer to verify). The property includes a long private driveway leading to a detached two-car garage. Ideal for horse and outdoor enthusiasts, the house is fully surrounded with retaining walls & has a retractable driveway gate and barbed wire enclosure along the perimeter of the remaining parts of property. The home is serviced by a septic system, and the level terrain offers excellent potential for expansion, customization, or development. Conveniently located near the I-10 freeway, shopping, and local amenities, this property delivers space, flexibility, and strong upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,512 | 1,683 | 42% |
| Lot Size | 95,832 | 6,424.5 | 100% |
| Price | $815.0K | $442.7K | 99% |
| Price per sq ft | $539 | $264 | 99% |
| Built year | 1964 | 1994 | 18% |
| HOA | $0 | $202 | 34% |
| Days on market | 0 | 198 | 0% |
Apr 13, 2026
$815,000
Initial Listing
May 15, 2013
$159,000
Public Record