New ListingAttention builders, developers, and savvy investors-725 E Williams St represents a rare, high-yield opportunity in the rapidly expanding Banning market. Boasting a massive, level 1.68-acre lot, this property offers the perfect combination of immediate rental income and massive future upside.The property features a spacious 1,744 sq ft home (3 beds, 1 full bath, 2 half baths, and a 3-car garage) that is currently occupied by reliable tenants. This provides an excellent turnkey setup to generate steady holding income while you navigate architectural planning, engineering, and city permits.Per the City of Banning, the true value lies in the land, which is zoned HDR (High Density Residential). This zoning permits a density baseline of 11 to 18 units per acre, allowing for a 25+ unit build out (with the added possibility of lucrative density bonuses for Senior Housing or Low-Income Housing initiatives). PROPERTY SALES AS IS.
| MLS | CV26205760 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 3 |
| Listing Provided By | ACREAGE REAL ESTATE | Fereshteh Haddad |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,744 |
| Garage | 3 |
| Story(s) | 1 |
| Units | 1 |
| Zoning | R-3 |
| Acreage | 1.68 |
| Property View | Yes |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | Yes |
| Roof | Tar Gravel |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Sixteen To Twenty Units Acre |
| Fencing | Chain Link |
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage |
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Street Lights, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Riverside |
| City | Banning |
| Zip Code | 92220 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $780,000 low | high Med: $495,000 sqft: 1,744 low | high Med: 1,538 $ / sqft: $447 low | high Med: $322 On site: 3 low | high Med: 33 | |
| State | CA |
|---|---|
| County | Riverside |
| City | Banning |
| Zip Code | 92220 |
| Area | 263 Banning | Beaumont | Cherry Valley |
| Community Name | N/A |
| Listing VS Median (in N/A) | |
Price: $780,000 low | high Med: $495,000 sqft: 1,744 low | high Med: 1,538 $ / sqft: $447 low | high Med: $322 On site: 3 low | high Med: 33 | |