514 E Victory, Banning, California 92220, Banning, 92220 - 3 bed, 2 bath
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Banning, California 92220
Analysis of 514 E Victory, Banning, California 92220 is currently available with a list price of $724,999. 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Built in 1964, this property is well-maintained and clean but shows clear signs of being outdated.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.
Rare 2.2-Acre VLDR Horse Property with Exceptional Flexibility and Future Potential! Major due diligence items have already been completed, including septic certification, termite clearance, and appraisal. This unique 3-bedroom, 2-bath home offers approximately 1,510 sq. ft. of living space and features remodeled bathrooms, a cozy wood-burning fireplace, and beautifully maintained original hardwood flooring—a rare feature in today's market. The water heater was replaced approximately six months ago, and the home is cooled by an evaporative cooling system. Situated on approximately 2.2 acres of predominantly flat, fully usable land, the property includes a long private driveway, detached two-car garage, retractable driveway gate, retaining walls, and perimeter fencing, providing privacy, security, and functionality. According to the City of Banning, the property is located within the Very Low Density Residential (VLDR) zoning district. The City has confirmed the parcel may have the potential to accommodate up to four residential units, subject to development standards, subdivision requirements, and governmental approvals. Buyer to verify all future development possibilities. The VLDR zoning designation allows for a variety of rural-residential uses, making this property ideal for horse owners, animal enthusiasts, contractors, RV owners, equipment storage, recreational use, and buyers seeking additional space and flexibility. Potential permitted uses within the zoning district may include private stables, grazing, animal keeping, and commercial cargo/storage containers, subject to applicable approvals. With approximately 95,832 square feet of usable land, the possibilities are endless—whether you're looking for a horse property, multi-generational living opportunity, future development potential, agricultural use, or simply room to spread out and enjoy. Conveniently located near the I-10 freeway, shopping, dining, schools, and local amenities, this property offers the perfect blend of rural living, utility, and long-term opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,512 | 1,574 |
| Lot Size | 95,832 | 5,523 |
| Price | $725.0K | $437.6K |
| Price per sq ft | $479 | $260 |
| Built year | 1964 | 2001 |
| HOA | $0 | $220 |
| Days on market | 100 | 79 |
Jul 4, 2026
$724,999
$734,999
-1% Price Drop
Initial Listing
May 10, 2026
$734,999
$599,999
+23% Price Increase
Initial Listing
May 5, 2026
$599,999
$815,000
-26% Price Drop
Initial Listing
Apr 13, 2026
$815,000
Initial Listing
May 15, 2013
$159,000
Public Record