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81 N 8th Street, Banning, California 92220, Banning, 92220 - bed, bath

81 N 8th Street, Banning, California 92220 home-pic-0
ACTIVE$599,000
81 N 8th Street, Banning, California 92220
0Bed
0Bath
1,800Sqft
8,276Lot
Year Built
1924
Close
-
List price
$599K
Original List price
$625K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
IV25088086
Home ConditionFair
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $599.0K(92th), sqft - 1800(61th), beds - undefined(0th), baths - undefined(1th).

Charming Dual-Home Property – Live in One, Rent the Other! Don't miss this rare opportunity to own two separate 2-bedroom, 1-bath homes on one spacious lot! Perfectly suited for multi-generational living or savvy investors looking for strong rental potential. Each home offers its own private entrance, full kitchen, and comfortable living space — ideal for extended family or rental income. One home features a brand-new electric meter and electric upgrades throughout, and the other is equipped with a brand-new air conditioning unit, offering peace of mind and added value for the future owner. The flexible layout allows you to live in one unit and rent the other, or lease both for steady cash flow. Located minutes from Palm Springs, luxury shopping outlets, and Casino Morongo, this property is a rare find that blends practicality with investment potential. C-2 Zoning

Condition Rating
Fair
Built in 1924, this property is quite old. While the description notes recent electrical upgrades in one unit and a new AC unit in the other, the visual evidence from the images shows dated kitchens and bathrooms with older style white cabinets, laminate countertops, and basic white appliances and fixtures. The flooring is a mix of dark laminate and grey carpet, which appears clean but not high-end. The property is move-in ready and appears well-maintained with fresh paint, but the core aesthetic elements in the kitchen and bathrooms are outdated and would likely require minor to moderate updates for most buyers, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1800.
Dual-Home Configuration & Income Potential: The property features two separate 2-bedroom, 1-bath homes on one lot, offering exceptional versatility for multi-generational living or significant rental income generation.
Recent System Upgrades: One home benefits from a brand-new electric meter and electrical upgrades, while the other boasts a brand-new air conditioning unit, indicating recent investment in critical infrastructure.
C-2 Zoning: The C-2 zoning provides substantial flexibility for future use, potentially allowing for commercial operations or higher density development, which can enhance long-term value and investment opportunities.
Generous Lot Size: With an 8,276 sq ft lot, the property offers ample outdoor space for both units, potential for expansion, or additional amenities, which is a valuable asset for a dual-home property.
Strategic Location: Located minutes from Palm Springs, luxury shopping outlets, and Casino Morongo, the property benefits from proximity to popular entertainment and retail destinations, appealing to both residents and renters.

Cons

Age of Property: Built in 1924, the property's age suggests potential for ongoing maintenance requirements, outdated systems (beyond the mentioned upgrades), and less modern aesthetics in areas not explicitly renovated.
Incomplete AC Coverage: Only one of the two homes is specified to have a brand-new AC unit, implying the other unit may lack modern cooling, which could be a significant drawback in California's climate.
Potential for Disparate Unit Condition: While some upgrades are noted, the description does not confirm uniform modernization across both units, potentially leading to one unit being more desirable or requiring further investment to match the other.

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