497 495 Martin Street Banning, CA ^$ 650,000

497 495 Martin Street

^$ 650,000

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Recently Listed

497 495 Martin Street

Banning, CA, 92220

^$ 650,000

Studio Baths1.0 Sq 1,400

Monthly Estimate*

^$ 4,002

Listed by HC Realty Group

497 495 Martin Street, Banning, CA 92220 - Image 1

497 495 Martin Street, Banning, CA 92220 - Image 2

497 495 Martin Street, Banning, CA 92220 - Image 3

497 495 Martin Street, Banning, CA 92220 - Image 4

497 495 Martin Street, Banning, CA 92220 - Image 5

497 495 Martin Street, Banning, CA 92220 - Image 6

497 495 Martin Street, Banning, CA 92220 - Image 7

497 495 Martin Street, Banning, CA 92220 - Image 8

497 495 Martin Street, Banning, CA 92220 - Image 9

497 495 Martin Street, Banning, CA 92220 - Image 10

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Studio

Multi-Family Home for sale in Banning, CA

for $650,000 with 1 full bath. This 1,400 square foot home was built in 2024 on a lot size of 0.15.

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.

Multi-Family Active

Price

^$ 650,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

2024

Town/City

Banning

County/Region

Riverside

MLS | Web ID

DW26021718

Days on Market

Features

General

Sewer Public Sewer

Heating Central

Garage Spaces 0

Pool Features None

Year Built 2024

Tenant Pays Cable TV Electricity Gas

Stories Count 1

Levels One

Property Subtype Duplex

Gross Income 48000

Community Features Sidewalks

County Riverside

Net Operating Income 38400

Operating Expense 9600

Insurance Expense 1500

New Construction false

Property Type Residential Income

Contingency All offers are subject to interior inspection. Seller wil consider credit back to buyer for tenant relocation for at least one unit.

Subdivision Name banning

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions 10 Freeway East exit Hargrave St

City Banning

Entry Location Ground

Senior Community Y/N false

Number Of Units Total 2

MLS Area 263 - Banning/Beaumont/Cherry Valley

Lot Size Units Square Feet

Lot Size Square Feet 6534

Listing Terms Cash Cash to New Loan FHA

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 600

Water Sewer Expense 600

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Owner

Tax Lot 1

Property Sub Type Additional Duplex

Interior

Interior Amenities All Bedrooms Down

Total Stories 1

Common Walls No Common Walls

Heating Y/N true

Laundry Features None

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 0

Lot Size Area 6534

Number of Buildings 2

Building Area Total 1400

Lot Size Acres 0.15

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

* Excluded Features

List By

Hc Realty Group

Broker

hcrealtynow@gmail.com

Affordability Calculator

$4,002

Per Month

Monthly Principal & Interest: $4,002
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Banning, CA

Average List Price ^$589,112

Percent of Sale Price 9%

About Banning, CA

30,996 Population

32% Since 2002

^$41,645 Median Income

43.11 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/30/2026	$650,000		Listed Price

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497 495 Martin Street, Banning, CA, 92220 is a Multi-Family Home for sale at $650,000 with 1,400 sqft and a lot size of 0.15. 497 495 Martin Street is a studio with 1.0 baths and was built in 2024. The property's zip code is 92220 which is in Banning, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 1/30/2026. 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.

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497 495 Martin Street

Multi-Family Home for sale in Banning, CA

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