725 E Williams Banning, CA 92220
$780,000
Active
Listed by: Fereshteh Haddad, DRE #01220577 from ACREAGE REAL ESTATE
Property facts
- Bedrooms
- 3
- Bathrooms
- 3
- Square feet
- 1,744
- Lot (acres)
- 1.68
- Year built
- 1950
- Property type
- Residential
- County
- Riverside
- MLS #
- CV26205760
About this home
Attention 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.
