
Banning, California 92220
This Turnkey Multi-Unit Property represents a High-Potential Investment Opportunity, listed at $470,000—positioned above the $445,294 Fair Market Value. Despite the premium, the property offers significant utility through its Detached 1-Bedroom ADU and Separate Workshop, providing immediate income-producing potential. With a Mint Condition Rating following a comprehensive remodel, this asset requires no immediate capital expenditure. The large 7,405 sqft lot with RV Parking adds rare functional value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 671 W Christie Street Subject | $470,000* List Price | 4 | 3 | 1,084 | $411 | - |
A 911 W George Street Sold | $435,000 | 3 | 2 | 1,101 | $395 | 0.2 mi |
B 1137 W Williams Sold | $405,000 | 3 | 1 | 1,003 | $404 | 0.4 mi |
C 494 Drury Sold | $390,000 | 2 | 2 | 977 | $399 | 0.7 mi |
D 80 E Theodore Sold | $499,000 | 3 | 2 | 1,360 | $367 | 0.6 mi |
E 531 N Hargrave Sold | $375,000 | 2 | 1 | 901 | $416 | 0.9 mi |
F 432 Pendleton Sold | $520,000 | 2 | 2 | 1,512 | $344 | 0.4 mi |
G 182 N 4 Street Sold | $370,000 | 2 | 1 | 840 | $440 | 0.4 mi |
H 546 W Indian School Lane Active | $499,000 List Price | 4 | 2 | 1,512 | $330 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1950, the property has undergone a comprehensive recent remodel (likely within the last 5 years). The interior features modern wide-plank flooring, recessed lighting, and updated stainless steel appliances. Bathrooms have been fully renovated with contemporary marble-style tiling and new fixtures. The installation of multiple mini-split HVAC units indicates modernized climate control systems, making the home move-in ready in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1084.
The property features a detached 1-bedroom ADU and a separate workshop with its own bathroom, offering exceptional opportunities for rental income, multigenerational living, or a home-based business.
The main residence has been beautifully updated with modern finishes, providing a move-in-ready environment that eliminates the need for immediate renovation or repair costs.
With only 1,084 total square feet distributed across multiple living units, the individual rooms and common areas are likely quite compact, which may not suit larger families.
Built in 1950, the property may possess aged underlying systems such as plumbing or electrical that could require more frequent maintenance compared to newer constructions.
Exceptional opportunity in Banning! This beautifully remodeled single-story property offers incredible versatility with multiple living spaces and endless possibilities. The main residence features 3 bedrooms and 1 bathroom with updated finishes and a move-in-ready interior. Adding tremendous value is the detached 1-bedroom, 1-bathroom ADU, ideal for multigenerational living, generating rental income, hosting extended family, or creating a private guest retreat. The property also includes a separate workshop with its own bathroom, providing additional flexibility for a home business, hobby space, studio, storage, or potential future use. Situated on a spacious lot with a long driveway and RV parking, there is plenty of room for vehicles, recreational toys, and guests. The backyard offers a peaceful and relaxing setting, perfect for entertaining, gardening, or simply unwinding after a long day. Conveniently located with easy freeway access for commuters, this unique property combines comfort, functionality, and income-producing potential. Whether you're looking to live in one unit and rent the other, accommodate extended family, or maximize the property's flexible spaces, this is a rare opportunity you won't want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,084 | 1,574 |
| Lot Size | 7,405 | 5,523 |
| Price | $470.0K | $437.6K |
| Price per sq ft | $434 | $260 |
| Built year | 1950 | 2001 |
| HOA | $0 | $220 |
| Days on market | 8 | 79 |
Jul 14, 2026
$470,000
Initial Listing
Aug 31, 2012
$109,000
Public Record
Feb 2, 2012
$56,000
Public Record
Apr 12, 2005
$191,000
Public Record