843 Wesley, Banning, California 92220, Banning, 92220 - 2 bed, 1 bath
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Banning, California 92220
This property presents a High-Potential Investment Opportunity with a List Price of $310,000—positioned above the $292,301 Fair Market Value by 6%. While the home requires significant interior updates, the Condition Rating of 5 is offset by a newer roof and mini-split HVAC system. The 6,534 sqft lot and scenic Mountain Views provide a solid foundation for value-add renovations. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of managing a comprehensive interior rehabilitation project.
Property is extensive renovation needed.
Built in 1964 and over 60 years old, the property requires significant rehab including bathroom repairs, new flooring, and paint. While the roof and HVAC (mini-split) are newer, the interior shows heavy wear, dated finishes, and neglected maintenance consistent with a 30-50 year renovation cycle.
The property features a newer roof replaced within the last few years and a recently installed mini-split A/C and heating unit, reducing immediate capital expenditure on major mechanical systems.
Priced competitively for the Banning area, this home offers a low-entry price point ideal for first-time buyers or investors looking to build equity through cosmetic and structural renovations.
The property offers desirable mountain views, which adds aesthetic value and enhances the appeal of the generous 6,534 square foot lot.
The home is in need of significant repairs, including bathroom restoration, flooring, and paint, with the buyer assuming full responsibility for all inspections and improvements.
At only 644 square feet, the compact living space may limit the property's appeal to larger families or buyers seeking more spacious interior accommodations.
Introducing a great opportunity for a first-time home buyer with the ability to do some work, or for someone looking for an investment. The roof was replaced a few years ago and a mini split A/C Heat unit was installed. The property was rented to a long-term tenant until recently. While the home needs work... repairs to the bathroom, painting, floor covering etc. it will be worth your effort. Property in this price range is hard to find. PLEASE NOTE - Buyer will be responsible for any and all repairs and/or inspections.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 644 | 1,574 |
| Lot Size | 6,534 | 5,523 |
| Price | $310.0K | $437.6K |
| Price per sq ft | $481 | $260 |
| Built year | 1964 | 2001 |
| HOA | $0 | $220 |
| Days on market | 14 | 79 |
Jul 8, 2026
$310,000
Initial Listing
Mar 3, 2004
$110,000
Public Record
Apr 6, 2001
$49,000
Public Record