Homes for sale - 119 N 8th ST, Banning, CA 92220

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,530 sqft

Price per Sqft $587

MLS Listing ID IV24249829

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1932

Lot Size 9,147 Sqft

Property Description

Incredible Investment Opportunity in Banning, CA

Attention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one.

The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California's competitive real estate market.

What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won't need to spend any initial cash on upgrades or repairs—it's turnkey and ready to start earning from the moment you take ownership.

Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you're seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financial goals while reducing upfront costs.

Located in the heart of Riverside County, Banning is an ideal location for cash-flowing properties. The area's steady rental demand, coupled with its strategic position near major highways, makes this property an attractive asset for seasoned investors seeking reliable income. With no major capital expenditures required and strong rental income in place, this opportunity offers immediate and sustainable cash flow.

“Who says you can't cashflow in California?” This property proves that you absolutely can! Seize this chance to add a highly desirable asset to your portfolio and enjoy the benefits of effortless cash flow in one of Southern California's most promising markets.

Don't let this incredible opportunity pass you by. Contact us today to schedule a viewing and explore how this property can be tailored to meet your investment needs!

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Rooms

Main Level Bedrooms 2

Interior

Interior Features All Bedrooms Down

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Laundry See Remarks

Exterior

Pool None

Community Features Curbs

View Y/N Yes

View Neighborhood

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type House

Story 1

Entry Level One

Sewer Unknown

Water See Remarks

Level or Stories One

New Construction No

Schools

School District Banning Unified

Others

Senior Community No

Tax ID 540122024

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard