655 E Williams St Banning, CA 92220
Property details
About 655 E Williams St
Excellent opportunity to acquire a multifamily investment property located at 655 E. Williams Street Banning, California. Zero turnover in over two years. The property is conveniently located just north of interstate 10 (I-10) off Hargrave Street. The property is positioned on a 24,394 square foot parcel and encompasses approximately 6,950 square feet of building area. Featuring beautiful mature landscaping enhanced by an automatic irrigation system, contributing to its attractive curb appeal and low-maintenance operation. Constructed in 1951, the 8-unit property consists of a single-story duplex that fronts Williams Street and 6 single-story individual cottages on the north side. The front duplex consists of one-one bedroom/one bathroom unit (approximately 600 S.F.) and one-three bedroom/two-bathroom unit (approximately 1,550 S.F.). The six individual cottages are all two bedroom/one-bathroom units (approximately 800 S.F.). Each apartment is equipped with an in-unit washer/dryer hook-ups, newer windows, private backyards, wall mounted air conditioning, oven/range and refrigerators offering tenants both convenience and comfort. Further enhancing the property’s operational efficiency, all units are individually metered for gas, electricity, trash and individual hot water heaters minimizing owner expenses. The property also offers eleven open parking spaces, low maintenance landscaping and a storage shed for owner’s tools. Given the strong rental location, close to city center and excellent property condition. Banning, California, located in Riverside County, offers a compelling landscape for real estate investors due to its strategic location, steady growth, and pro-investment climate. Nestled in the San Gorgonio Pass between the San Bernardino and San Jacinto Mountains, Banning is ideally situated along Interstate 10, just 90 miles east of Los Angeles and 30 miles west of Palm Springs, making it a key access point between major Southern California markets. The city benefits from excellent public transportation and distribution access, which supports both residential and commercial development. Just minutes away are the Cabazon Outlets and Morongo Casino Resort & Spa, a popular entertainment hub that is currently expanding with a new four-story hotel set to open in 2026, further boosting regional tourism and economic activity.
Highlights
Summary
- Private Pool: No
- List Price: $1,475,000
- Annual Tax Amount: $8,363
- Tax Year: 2024
- Lot: Landscaped, Rectangular Lot, Sprinklers
- Directions: Located just north of interstate 10 (I-10) off Hargrave Street
- Year Built: 1951
- Stories: 1
- Lot Size: 0.56 Acres
- MLS Number: CV25082931
- MLS Name: CRMLS
- Office Name: MARCUS & MILLICHAP
- Office Phone: (626) 695-6776
- Listing Agent: Douglas McCauley
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 2:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,475,000
655 E Williams St
$10,000
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 01, 2012 | Home Sold | $500,000 |
| Feb 14, 2011 | Home Sold | $290,000 |
| Mar 09, 2005 | Home Sold | $675,000 |
| Jul 19, 2004 | Home Sold | $627,000 |
| Apr 20, 2004 | Home Sold | $429,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $603,626 | $8,363 |
| 2023 | $591,792 | $8,357 |
| 2022 | $580,189 | $8,182 |
| 2021 | $568,814 | $8,024 |
| 2020 | $562,982 | $7,959 |
| 2018 | $541,122 | $7,786 |
| 2017 | $530,513 | $7,286 |
History based on county public records data.
Nearby schools
3
Central Elementary School
Public District KG-5
0.5 mi
•295 N San Gorgonio Ave
4
Hoffer Elementary School
Public District KG-5
0.5 mi
•1115 E Hoffer St
4
Hemmerling Elementary School
Public District KG-5
1.6 mi
•1928 W Nicolet St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,714. Most Banning, CA residents have annual incomes less than $<35k. Most families are single, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Family Dollar
Kmart
Where do the neighbors go to eat?
Sonic
Dominos Pizza
Bob Evans
What do the neighbors drive?
Oldsmobile
Ford
Buick
What do the neighbors listen to?
Contemporary Inspirational
New Country- Oldies
Frequently asked questions
About 655 E Williams St
The listing price of 655 E Williams St property is $1,475,000.
The property 655 E Williams St is a condo located in Banning, California, 92220.
Active Listing: 655 E Williams St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 655 E Williams St are: Central Elementary School (GreatSchools Rating 3/10), Hoffer Elementary School (GreatSchools Rating 4/10), Hemmerling Elementary School (GreatSchools Rating 4/10), Nicolet Middle School (GreatSchools Rating 3/10), San Gorgonio Middle School (GreatSchools Rating 4/10), Highland Academy (GreatSchools Rating 4/10), Banning Independent Study (GreatSchools Rating 3/10), Banning High School (GreatSchools Rating 4/10), New Horizon High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $8,363 (source: MLS/based on county public records data).
The last sale was on October 1, 2012 for $500,000 (source: MLS/tax record).
The property at 655 E Williams St has 0 bathroom.
The year of construction for 655 E Williams St is 1951.
This home is located at 655 E Williams St in Banning, CA and zip code 92220. Features: 0 bathroom. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $1,475,000.
In April 2025, from all listings sold in Banning, CA there were more than 9 sold above asking price, over 15 sold below and more than 11 were sold right at the asked price. The number of listings in Banning, CA increased by 1% between March and April 2025. In April 2025, listings were on the market for 63 days. During the same period, the median list price in this real estate market was $407,616.