725 E WilliamsBanning, CA 92220

Description

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Structure type

House

Year built

1950

Stories

1

Living area

1,744 Sq Ft

Lot size

1.68 acres

Lot dimensions

73,181

Garage spaces

3

Parking spaces

3

Zoning

R-3

Days on market

8

MLS^® Listing#

CV26205760

Property Features

Cooling

Central Air

Heating

Central

Flooring

Carpet · Vinyl

Fireplace

Living Room

Pool

None

Parking

Attached · Garage

Laundry

Inside

Patio

None

Fencing

Chain Link

Construction

Stucco

Roof

Tar/Gravel

Community

Street Lights · Sidewalks

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

541110013

Directions

10 E Exit Hargrave st left on Hargrave st left on Williams st 300 FT PROPERTY ON YOUR RIGHT.