546 N 5th Street, Banning, California 92220, Banning, 92220 - bed, bath
ACTIVE$648,000
546 N 5th Street, Banning, California 92220
0Bed
0Bath
2,162Sqft
8,712Lot
Year Built
1955
Close
-
List price
$648K
Original List price
$648K
Price/Sqft
$300
HOA
-
Days on market
-
Sold On
-
MLS number
IV25125378
Home ConditionPoor
Features
Good View:
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $648.0K(67th), sqft - 2162(67th), beds - undefined(50th), baths - undefined(50th).
Amazing TRIPLEX awaits! Hurry, this is the perfect investment to own. Each unit has 1 beds, 1 baths 720 sq ft living space per unit each unit has a garage space. Either you live in one and rent the other two units, or you add to your investment portfolio, this is the one! Fresh exterior repairs, paint and ready to go!
Price History
Date
Event
Price
06/04/25
Listing
$648,000
Condition Rating
Poor
The property was built in 1955, making it 70 years old. While the description mentions 'Fresh exterior repairs, paint,' there are no interior images provided, which is a significant red flag for the condition of the kitchen, bathrooms, and other interior spaces. The exterior image shows a very dated structure with what appears to be a broken or boarded-up window, indicating deferred maintenance beyond just cosmetic. Given the age and the strong implication of no recent major interior renovations (as only exterior work is mentioned), the interior is highly likely to be in very poor, outdated condition, requiring substantial repairs and rehabilitation to meet modern standards or even basic livability. The lack of interior photos strongly suggests these areas are not presentable.
Pros & Cons
Pros
Income-Generating Triplex: This property is a dedicated triplex, offering immediate income potential and a strong addition to an investment portfolio.
Owner-Occupancy Flexibility: The layout allows for an owner to reside in one unit while renting out the other two, providing a unique blend of homeownership and investment.
Individual Garages per Unit: Each of the three units includes its own garage space, a highly desirable amenity for tenants, enhancing rental appeal and value.
Recent Exterior Renovations: The property benefits from fresh exterior repairs and paint, presenting a well-maintained curb appeal and reducing immediate capital expenditure for the buyer.
Efficient Unit Layouts: Each unit features a practical 1-bedroom, 1-bathroom, 720 sq ft layout, appealing to a broad segment of the rental market, including singles and couples.
Cons
Property Age: Built in 1955, the property's age suggests that major systems (plumbing, electrical, HVAC) may be original or older, potentially requiring future upgrades or increased maintenance.
Compact Unit Size: With each unit at 720 sq ft, the smaller living space may limit appeal to tenants seeking more expansive accommodations or those with families.
Unspecified Interior Condition: While the exterior has been updated, the description does not mention interior renovations, implying that unit interiors may be dated and could require modernization to maximize rental income or tenant satisfaction.