162 N 3rd , Banning, CA 92220
$430,000
Est. Payment: $2,277.56/mo
3 Bed
2 Bath
1252 Sqft
Status: Active | Days on site: 38
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51548 - C23440
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House Description

Great investment opportunity in the heart of Banning! This versatile duplex features two separate units with individual electric and gas meters, making it ideal for rental income or multi-generational living. The front unit offers 1 bedroom and 1 bathroom, complete with its own private fenced front yard, four dedicated parking spaces, and an extended driveway for added convenience. The rear unit features a spacious 2 bedroom, 1 bathroom layout, along with a private outdoor area and ample parking space, perfect for vehicles, equipment, or recreational toys. The long driveway extends from the front of the property all the way to the rear easement, providing additional parking and easy access throughout. Both units offer private, independent living spaces, creating a comfortable and functional setup for occupants. The property also includes a detached laundry room in a separate structure, as well as a detached two-car garage offering additional storage or parking potential. Situated on a fully fenced lot, the property provides privacy, security, and plenty of outdoor space for tenants or future improvements. Conveniently located near local shopping, dining, and with easy access to major commuter routes, this property presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Don’t miss your chance to own a well positioned, income producing property in a growing area!

Highlights

Listed by Arturo Hernandez , 909-638-7303 REALTY MASTERS & ASSOCIATES , 909-303-4500. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
0.14

Year Built

1915

County

Riverside

Area

263 - Banning/Beaumont/Cherry Valley

Neighborhood

Solera (SLRA)

School District

Banning Unified

Listing ID

CV26150080

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Wall/Window Unit(s)
Fireplaces:
Other:
  • Additional:All Bedrooms Down
Water:Public

Exterior Features

Lot:Back Yard,Front Yard,No Land Lease
Garage Capacity:2
Others:
  • Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$2,278
Taxes
$274

Home Price

$430,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$86,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,277.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,277.56 $274.13 $0.00 $2,551.69
Yearly $27,330.74 $3,289.50 $0.00 $30,620.24
Total $819,922.30 $98,685.00 $0.00 $918,607.30

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Banning, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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