$599,000
-$51,000497 Martin Street, Banning CA 92220
Multi-Family (Duplex)
Property type
138 days
On market
$428
Price per sqft
0 cars
Garage
2024
Year built
6,534 sqft
Lot size
Home highlights
Open Houses
Overview
New construction built in 2024 featuring a 2-bedroom unit plus a completely renovated 2-bedroom second unit. Each Unit is around 700 sq.ft each. Excellent opportunity for investors or first-time buyers. Located in an up-and-coming area of Banning, just minutes from freeway access, schools, and shopping.
Listing provided by: Hugo Contreras DRE #01082884 562-413-3810, HC Realty Group
Listing updated: Feb 25, 2026 at 08:55pm.
Last checked: Jun 14, 2026 at 06:30am
Source: CRMLS #DW26021718
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,000 | $2,000 | $2,500 | Unfurnished |
| 1 | 2 | 1 | — | $2,000 | $2,000 | $2,500 | Unfurnished |
# of Buildings: 2
# of Units Total: 2
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.5x
List Price / Annual Gross Rent
Cap Rate
6.41%
NOI / List Price
Gross Scheduled Income: $48,000
Operating Expense: $9,600
Net Operating Income: $38,400
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $1,500
Trash: $600
Water / Sewer: $600
Interior
Interior Features: All Bedrooms Down
Room Type: Bedroom
Heating: Central
Laundry: None
Entry Location: Ground
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 541350007
Additional Parcels: No
Tax Lot: 1
Subdivision: banning
Community
Senior Community: No
Community Features: Sidewalks