545 N 2nd St, Banning, CA 92220
SOLD
MAR 16, 2026
Listed by TREVOR CASEY, REGIONCY REAL ESTATE, (800) 793-4249 . Bought with MARISELA LABASTIDA BROKER

545 N 2nd St
Banning, CA 92220

  • 6 Beds
  • 6 Baths
  • 3,090 sqft (on 0.38 acres)

$700,000

Last Sold: Mar 16, 2026
0% over list $699K
$227/sqft
Est. Refi. Payment $3,624/mo*
Refinance Your Home

$700,000

Last Sold: Mar 16, 2026
0% over list $699K
$227/sqft
Est. Refi. Payment $3,624/mo*
Refinance Your Home
6 Beds
6 Baths
3,090 sqft
(on 0.38 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

This six-unit multifamily property at 545 N 2nd St, Banning, CA, presents an exceptional value-add opportunity for investors seeking strong returns and significant upside potential in a growing market. The property consists entirely of (6) 1-bedroom, 1-bathroom units, all of which are individually metered for gas and electric, providing ease of management and lower owner expenses. The building offers an immediate pathway to increased income: Current Occupancy: 2 units are currently rented at $1,540 each, generating a total Gross Monthly Income of $3,080. Immediate Vacancy Fill: Two existing units are vacant and ready to be filled. By leasing these at the current market rate of $1,540 per month, the investor can achieve a current Cap Rate of ±6.83% (based on a hypothetical purchase price).

The significant value-add component lies in the rear two units: Rehabilitation Opportunity: Two units in the rear of the property are fire-damaged and require rehabilitation. Once all six units are renovated and leased at the prevailing market rate, the proforma annual gross income is projected at $108,480 and an exceptional proforma Cap Rate of 11.18%.

Situated in Banning, CA, offering proximity to local amenities and potential for tenant demand from the surrounding Inland Empire area. Ideal for investors looking to execute a clear Rehab and Stabilize strategy to maximize equity and cash flow.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 17, 2026

Home Highlights

Parking
5 Carport Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$227/sqft
Listed
180+ days ago

Home Details for 545 N 2nd St

Interior Features

Beds & Baths
Number of Bedrooms: 6Number of Bathrooms: 6
Appliances & Utilities
Utilities: Electricity Available, Sewer Connected, Water ConnectedLaundry: None
Heating & Cooling
Heating: None,Wall FurnaceHas CoolingAir Conditioning: Wall/Window Unit(s)No HeatingHeating Fuel: Wall Furnace
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Flooring: VinylCommon Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: frontFloors: Vinyl

Exterior Features

Exterior Home Features
Roof: CompositionFencing: Security, Wrought IronNo Private Pool
Parking & Garage
Number of Carport Spaces: 5Number of Covered Spaces: 5Has a CarportNo GarageNo Attached GarageParking Spaces: 5Parking: Carport
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 117

Property Information

Year Built
Year Built: 1949
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Mixed Use
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 540082003

Price & Status

Price
List Price: $699,000Price Per Sqft: $227/sqft
Status Change & Dates
Off Market Date: Tue Feb 10 2026

Active Status

MLS Status: Closed

Location

Direction & Address
City: BanningCommunity: Wilson

Building

Building Area
Building Area: 3090 Square Feet

Community

Community Features: Biking, Curbs, Foothills, Mountainous, Park, Storm Drain(s), Street Lights, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.38 acres

Listing Info

Special Conditions: Trust

Offer

Contingencies: N/A.Listing Terms: Cash, 1031 Exchange

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: IG25227871Living Area Range Units: Square FeetAttribution Contact: 909-754-0650Back On Market Date: Mon Jan 12 2026Common Interest: NoneUniversal Property Id: US-06065-N-540082003-R-N

Additional Information

BikingCurbsFoothillsMountainousParkStorm Drain(s)Street LightsSidewalksSource Internet Entire Listing Display
Last check for updates: about 2 hours ago
Listed by TREVOR CASEY DRE #02053394, (909) 754-0650
REGIONCY REAL ESTATE
NATHAN DIONES DRE #01767311
REGIONCY REAL ESTATE
Bought with: MARISELA LABASTIDA DRE #00979807, MARISELA LABASTIDA BROKER
Originating MLS: California Regional MLS
Source: CRMLS, MLS#IG25227871

Price History for 545 N 2nd St

DatePriceEventSource
03/16/2026$700,000Sold
CRMLS #IG25227871
03/05/2026$699,000PendingCRMLS #IG25227871
02/11/2026$699,000ContingentCRMLS #IG25227871
01/15/2026$699,000PriceChange
CRMLS #IG25227871
01/12/2026$755,000Listed For SaleCRMLS #IG25227871
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Comparable Sales for 545 N 2nd St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
688 W Nicolet St, Banning, CA
0.31
Multi-Family Home
$600,000
12/03/25
6
4
2,200
117 N 12th St, Banning, CA
0.68
Multi-Family Home
$650,000
07/08/25
8
-
2,900
655 E Williams St, Banning, CA
0.58
Multi-Family Home
$1,375,000
07/07/25
16
9
6,950
1117 W Hays St, Banning, CA
0.62
Multi-Family Home
$175,000
05/15/26
5
3
1,901
908 W Hays St, Banning, CA
0.51
Multi-Family Home
$470,000
07/09/25
3
-
1,980
125 N Phillips St, Banning, CA
0.85
Multi-Family Home
$950,000
07/25/25
14
16
2,682
5231 W Wilson St, Banning, CA
3.15
Multi-Family Home
$785,000
08/20/25
-
6,000
1310 E 8th St, Beaumont, CA
4.87
Multi-Family Home
$705,000
09/09/25
6
4
2,550

Nearby homes

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Assigned Schools

These are the assigned schools for 545 N 2nd St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Banning

At least 247 Trulia users voted on each feature.

  • 81 % Say car is needed

  • 79 % Say parking is easy

  • 79 % Say it's dog friendly

  • 78 % Say yards are well-kept

  • 70 % Say there's holiday spirit

  • 69 % Say there are sidewalks

  • 54 % Say it's quiet

  • 50 % Say kids play outside

  • 47 % Say they plan to stay for at least 5 years

  • 46 % Say streets are well-lit

  • 45 % Say neighbors are friendly

  • 45 % Say there's wildlife

  • 43 % Say people would walk alone at night

  • 43 % Say it's walkable to restaurants

  • 36 % Say it's walkable to grocery stores

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Stacy Carpenter
    "There is a nearby park for kids and dogs. Super quiet neighborhood as well which is good for families. "
    0
    Flag
  • Vanessa F.
    "Quiet neighborhood, popular street so everyone looks out for each other... close gas stations and convenience stores for last minute items "
    11
    Flag
  • Savannah G.
    "there are a lot of dogs already in thus area so sometimes they can be friendly and sometimes you don't know. there's always some dog running around. Probably left someones yards so make sure you're aware. "
    3
    Flag
  • Rshernandz
    "Gated 55+ community. Beautiful grounds, safe to walk around, gold course, gyms, pools, tennis courts, bocce ball"
    0
    Flag
  • Semaj C.
    "Everyone walks there dogs to the park where they allow there dogs to use the restroom or they well walk them around the block"
    4
    Flag
  • Jocelynolguin
    "There are a lot of gang related activity near by. It is not a very nice neighborhood. The schools are not ranked very well."
    1
    Flag
  • Gizmo6824
    "No like. Random dogs running the neighborhood. Not on a leash. Unsupervised. Owners don’t seem to care. Unsafe for children "
    0
    Flag
  • Shante F.
    "Great schools my kids went to school here Banning High is awesome friendly neighborhood close to stores and food places cheap housing clean area "
    0
    Flag
  • Cynthia Z.
    "it's okay. needs more work. safer neighborhoods with night watch for a safer neighborhood. it's a good neighborhood because its quiet and relaxing. "
    5
    Flag
  • EschendalEsther .
    "Picnics and swimming bbq’s and estate sales. Yard sales and walking in great year round weather. Beautiful mountains north and south. "
    0
    Flag
  • Wilsonmail1996
    "I have lived in this area for 2 years. There is so much charm to this town, however homeowners need to take pride in their homes. Lack of pride is overwhelming."
    4
    Flag
  • Starr K.
    "the town is so small there's no real commute within it and there's many restaurants and grocery stores and retail stores within 15 miles"
    8
    Flag
  • Bryan M.
    "Easy freeway access to go anywhere else but here , some areas are nice but all and all dogs run wild and I don’t even want to jog on my side of town , looking for somewhere nicer but I do love the commute to Morongo"
    4
    Flag
  • Starr K.
    "Small town but the public transit takes you anywhere you need to go. doesn't run as often as larger cities"
    2
    Flag
  • Starr K.
    "There's some nice grassy parks and very little traffic. I personally walk my dogs to the hills at the edge of banning and let them roam free as there's no other animals or people around "
    2
    Flag
  • B.marcus428
    "I love banning ca I was born and raised here just a small homey town and it is a great place to raise your kids "
    0
    Flag
  • Jacqueline F.
    "Growing neighborhoods, the town is not as outdated as it used to be. Most of the town runs right along the freeway so you can really get from one side of it to the other in just a few minutes by hopping on...well, the freeway. 🤗"
    2
    Flag
  • Sunni L.
    "there are many parks and nice communities to take your dogs for walks. just clean up after them. that would be nice"
    0
    Flag
  • Mrriley54
    "I live in a 55 plus community. We have 24 hour armed security. There tons of activities to get involved with. "
    0
    Flag
  • Destiney W.
    "definitely a small town not much going on but I like it better than the big cities its definitely a growing city "
    0
    Flag
  • Marquis V.
    "Random dogs loose on the streets not tied up so that is what they would not like, but if going to the near. Y park there is plenty of play area for dogs "
    0
    Flag
  • Michelle
    "My neighborhood is 55+ community with club houses, restaurant, and a multitude of classes you can take, which is a good way to meet neighbors. I feel safe walking my dog. The complex has 24 hour security."
    0
    Flag
  • Eric B.
    "Homeless population has increased dramatically within the last year. The city is not doing enough to retain homeowners and electrical is City managed and more expensive than Edison in Beaumont. "
    0
    Flag
  • Michelle R.
    "I live in a gated 55+ community. Security patrols 24/7 which gives me piece of mind there are no hooligans running around the neighborhood. "
    1
    Flag
  • Karvilloct22
    "The area isn’t that pretty no sidewalks to walk with stroller but it’s sometimes quite no disturbances "
    0
    Flag
  • Cynthia Z.
    "okay, place to live in. if yiu wnat a safe place to raise kids this is not for you. its a tough place to live and its getting more expensive."
    2
    Flag
  • Acortez056
    "Lived here all my life. Decent neighborhood.. Everyone kind of minds their own business . But some are hella mosey "
    0
    Flag

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Apartments for Rent

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Homes for sale near 545 N 2nd St

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Off Market Homes Near 545 N 2nd St

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Homes for rent near 545 N 2nd St

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545 N 2nd St, Banning, CA 92220 is a 6 bedroom, 6 bathroom, 3,090 sqft multi-family built in 1949. This property is not currently available for sale. 545 N 2nd St was last sold on Mar 16, 2026 for $700,000 (0% higher than the asking price of $699,000). The current Trulia Estimate for 545 N 2nd St is $700,000.