162 N 3rd

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162 N 3rd

Banning, CA 92220
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily residential building located in Banning, California
  • Asset features a total of two individual units
  • Property situated at 162 N 3rd in the Inland Empire
  • Well-positioned near Interstate 10 for regional transportation access
  • Suitable investment for those seeking small-scale income properties

What's Special

This multifamily asset in Banning, California is currently available for sale and represents a potential acquisition for investors focused on small-scale residential holdings. Located at 162 N 3rd, the property consists of two distinct units. Banning is positioned within the Inland Empire, a region that has experienced consistent growth and acts as a major logistics and distribution hub for Southern California. The local economy benefits from proximity to key transportation corridors like Interstate 10, facilitating connectivity to both the Greater Los Angeles area and the Coachella Valley. Apartment buildings of this scale serve as fundamental building blocks for income-producing portfolios. The two-unit configuration allows for straightforward management and is well-suited for buyers seeking to establish or expand a foothold in a suburban rental market. Prospective owners can consider options ranging from long-term hold strategies to unit upgrades, depending on their broader investment objectives within the region.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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