2705 West Lincoln Street

Banning, CA 92220

$535,000
Price
—
Beds
2,358 Sq. Ft.
$227 / Sq. Ft.
2,358
Sq. Ft.
$227
per Sq. Ft.

Description

Attn Investors! Unique Opportunity, Multi Family, Zoned General Commercial. Two homes on 1.58 acres. Two separate addresses, 1 lot. Currently Tenant Occupied. Live in one, rent the other while having a business all in the same location! Three large storage containers, permitted on foundations which add another 960 square feet of usage. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 and second home is 1/1 built in 1958....Attn Investors! Unique Opportunity, Multi Family, Zoned General Commercial. Two homes on 1.58 acres. Two separate addresses, 1 lot. Currently Tenant Occupied. Live in one, rent the other while having a business all in the same location! Three large storage containers, permitted on foundations which add another 960 square feet of usage. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 and second home is 1/1 built in 1958. Homes are fenced with storage, yards, fruit trees. Keep as current use or add your commercial usage, verified with City of Banning. Conveniently located to Freeway for commuters. Close to Schools, Outlet Mall, Morongo Casino and Palm Springs!
  1. Listed by Janet Laprade • DRE #01310798 • Brokerage DRE #01849301 • Mainstreet Realtors

Property Details for 2705 West Lincoln Street

Architectural Style
Mid Century Modern
View
Hills
Parking Spaces Total
10
Private Pool
No
Cooling Type
Swamp Cooler(s)
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 07/20/2020 08:47 AM

Property Details for 2705 West Lincoln Street

StatusActive
MLS #IG19262333
Days on Market1842
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size1.58 AC / 68,825 SF
CountyRiverside County

Building Information for 2705 West Lincoln Street

Stories1Residences-Year Built1947Building Size-Lot Size1.58 AC / 68,825 SF

Property Information for 2705 West Lincoln Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $2,850
  • Gross Scheduled Income: $34,200
  • Net Operating Income: $25,340
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $8,860
  • New Taxes Expense: $2,008
  • Fuel Expense: $430
  • Electric Expense: $2,002
  • Insurance Expense: $1,290
  • Maintenance Expense: $1,000
  • Professional Management Expense: $840
  • Trash Expense: $254
  • Water Sewer Expense: $1,036
  • Total Expenses: $8,860
Tax / Assessment Info
  • Tax Year: 2018
  • Tax Annual Amount: $1,994
  • Tax Block: 6
  • Tax Tract: 1020
  • Tax Tract Number: 1020
  • Tax Census Tract: 443.00
  • Tax Lot: 6
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Rural
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s), Granite Counters
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Bedroom Features: Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Evaporative Cooling
  • Heating: Central, Wall Furnace
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Window Features: Blinds, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Roof: Composition
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Property Condition: Updated/Remodeled
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Level with Street, Lot Over 40000 Sqft
  • Current Use Comments: Currently being used as rentals with long term ...
  • Land Use: Multi-Family, Other
  • Lease Considered: No
  • Direction Faces: South
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Gravel
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Septic Type Unknown
  • Utilities: Electricity Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Gated, Parking for Guests, RV Access, RV Hook-Ups
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Gravel, Driveway Level, Gated, Guest, RV Access/Parking, RV Hook-Ups, See Remarks
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
  • Unit Type Description: 2705 Unit A
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
  • Unit Type Description: 2705 Unit B
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
  • Unit Type Description: 2699
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 2705 West Lincoln Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2705 West Lincoln Street

Taxable ValueLand$400,554Additions$145,656Total$546,210
Tax Record2024$7,561 ($630 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,452 SqFtAbove Grade Finished SqFt1,452 SqFtStories1Lot Size68,824 SqFtStyleSingle Family ResidenceYear Built1947ZoningRACountyRIVERSIDEAPN538-190-019Fireplace TypeHas Fireplace

Schools near 2705 West Lincoln Street

This home is within Banning Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hemmerling Elementary School
PublicK to 5

Nicolet Middle School
Public6 to 8

Banning High School
Public9 to 12

New Horizon High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2705 West Lincoln Street is a multi-family home for sale in Banning, CA 92220. This property was listed for sale on November 5, 2019 by Mainstreet Realtors, it's currently listed at $535,000. It has been on the market for a total of 1842 days and was last sold on December 10, 2021. This listing's school district is Banning Unified School District. Nearby schools include Hemmerling Elementary School, Nicolet Middle School and Banning High School. 2705 West Lincoln Street is a 0-bed, 0-bath, 2,358 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mainstreet Realtors, Janet Laprade, DRE #01310798

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.