333 North Murray Street

Banning, CA 92220

$675,000
Price
4
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 333 North Murray Street

StatusActive
MLS #CV19175415
Year Built1930
DOM119
Compass TypeTownhouse
MLS TypeResidential Income
Lot Size0.28 AC / 12,196 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyRiverside County

Listing Agent

KRISTOPHER GERMAN

RE/MAX 2000

kris@theapartmentdealer.com

P: 909.294.2593

M: 909.645.0443

DRE #01800021

Contact Agent(s)

Property Details for 333 North Murray Street

Parking Spaces Total
8
Private Pool
No

Description

We are pleased to present 333 N. Murray Street in the city of Banning. A total of 6 single-story units that are situated on a 12,000+ Sq. Ft. lot. The asset is located just North of Banning City Hall and is in proximity to local shopping/restaurants, transportation, and schools. The property is comprised of two single-family residences and a quadplex located in the rear. The tenants enjoy plenty of onsite and curbed parking all while experiencing privacy on a quiet street. The city of Banning is... a developing area with major constructions plans on the horizon. Pardee Homes has been approved for a nearly 5,000 home master-planned community at the northwest edge. All in all, a new investor can take advantage of the future potential while enjoying an 8%+ cash-on-cash return once stabilized.

Location

Listing Courtesy of RE/MAX 2000, KRISTOPHER GERMAN, DRE #01800021

Building Information for 333 North Murray Street

Stories-Residences-Year Built1930Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

$2,428 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,428

Property Taxes

HOA Dues

$0

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Property Information for 333 North Murray Street

Property Features
    Interior Features
  • Common Walls: 1 Common Wall
  • Laundry: No
  • Laundry Features: None
    Exterior Features
  • Pool Features: None
    Parking Info
  • Garage Spaces: 0
    Water Details
  • Water Source: Public
Property / Structure Info
    Property / Structure Info
  • New Construction: No
  • Parcel Number: 541101007
  • Property Type: Residential Income
  • Year Built: 1930
  • Year Built Source: Assessor
    Measurements / Dimensions
  • Building Area Total: 3371
  • Building Area Units: Square Feet
Community/Development / Location Info
    School/Location Info
  • County Or Parish: Riverside
  • Directions: North of I-10, East of Hwy-243, Near the Intersection of North Murray Street & East Nicolet Street
  • MLS Area Major: Banning/Beaumont/Cherry Valley (263)
    Association Information
  • Community Features: Curbs, Gutters, Street Lights
  • Senior Community: No
Income / Expense / Tax / Assessment Details
    Tax / Assessment Info
  • Tax Census Tract: 442.00
  • Tax Block: 3
  • Tax Lot: 14
  • Tax Tract Number: 007
  • Zoning: R3
    Income Details
  • Gross Income: $58,500
  • Gross Operating Income: $56,745
  • Gross Scheduled Income: $58,500
  • Net Operating Income: $38,093
  • Vacancy Allowance: 1755
    Expense Details
  • Electric Expense: $2,189
  • Fuel Expense: $827
  • Insurance Expense: $1,348
  • Maintenance Expense: $2,837
  • New Taxes Expense: $7,908
  • Operating Expense: $18,652
  • Other Expense: $900
  • Other Expense Description: Reserves
  • Professional Management Expense: $0
  • Total Expenses: $18,886
  • Trash Expense: $22
  • Water Sewer Expense: $2,620
Unit Information
    Multi-Unit Info
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
Rental Info
    Rental Info
  • Rent Controlled: No
Land/Lot Info
    Land/Lot Info
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Acres: .28
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12196
  • Lot Size Units: Square Feet
  • Sewer: Public Sewer

Property History for 333 North Murray Street

DateEvent & SourcePriceAppreciation
Aug 30, 2019Price Change

CRMLS #CV19175415

$675,000
Jul 23, 2019Listed (Active)

SDMLS #CV19175415

$695,000
Jul 23, 2019Listed (Active)

CRMLS #CV19175415

$695,000
DateEvent & SourcePrice
08/30/2019
Price Change

CRMLS #CV19175415

$675,000
07/23/2019
Listed (Active)

SDMLS #CV19175415

$695,000
07/23/2019
Listed (Active)

CRMLS #CV19175415

$695,000

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

Public Records for 333 North Murray Street

Taxable ValueLand$40,514Additions$128,313Total$168,827
Tax Record2018$2,470
Home Facts
Lot Size12,197 SqFtStyleMulti-Family Dwelling (2-4)ZoningR3CountyRIVERSIDEAPN541101007

Schools near 333 North Murray Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Central Elementary SchoolPublicK-50.1 mi
4
Nicolet Middle SchoolPublic6-80.1 mi
2
Banning Independent Study SchoolPublicK-120.2 mi
NR
Banning High SchoolPublic9-120.8 mi
3

Central Elementary School

K-5, 0.1 mi, Public

4

Nicolet Middle School

6-8, 0.1 mi, Public

2

Banning Independent Study School

K-12, 0.2 mi, Public

NR

Banning High School

9-12, 0.8 mi, Public

3

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.

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333 North Murray Street is a townhouse for sale in Banning, CA 92220. This property was listed for sale on July 23, 2019 by RE/MAX 2000 at $675,000. It has been on the market for a total of 121 days and was last sold on August 22, 2018. Nearby schools include Banning High School, Hoffer Elementary School and Hemmerling Elementary School. 333 North Murray Street is a 4-bed, 6-bath, townhouse built in 1930.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
Listing Courtesy of RE/MAX 2000, KRISTOPHER GERMAN, DRE #01800021
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