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1117 W Hays, Banning, California 92220, Banning, 92220 - bed, bath

1117 W Hays, Banning, California 92220 home-pic-0
ACTIVE$250,000
1117 W Hays, Banning, California 92220
0Bed
0Bath
1,901Sqft
6,534Lot
Year Built
1946
Close
-
List price
$250K
Original List price
$250K
Price/Sqft
$132
HOA
-
Days on market
-
Sold On
-
MLS number
IG25275452
Home ConditionTear down
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $250.0K(2th), sqft - 1901(65th), beds - undefined(0th), baths - undefined(1th).

This duplex fixer offers strong upside potential. The front unit features 3 bedrooms and 1.5 bathroom, while the rear unit offers 2 bedrooms and 1 bathroom. The back unit has suffered severe fire damage, and the front unit sustained fire damage to the rear bedroom and patio. The property is being sold strictly as-is, with buyers to verify all permits, square footage, and condition of each unit to their satisfaction. Exterior highlights include alley access, a large driveway, front yard, and spacious backyard, offering flexibility for future improvements or redevelopment. Ideal for those seeking a value-add project, renovation opportunity, or redevelopment potential. Cash Only.

Price History

Date
Event
Price
12/12/25
Listing
$250,000
07/03/13
Sold
$144,500
05/07/02
Sold
$95,000
03/21/00
Sold
$47,000
Condition Rating
Tear down
The property, built in 1946, has suffered extensive fire damage, with the rear unit described as having 'severe fire damage' and the front unit sustaining damage to a bedroom and patio. Images confirm a significant portion of the structure is burnt out and beyond repair. The listing explicitly states it's a 'fixer' sold 'strictly as-is' for 'cash only,' highlighting 'redevelopment potential.' This indicates the existing structures are largely unlivable and their value is primarily in the land for future development, aligning with the 'tear-down' criteria.
Pros & Cons

Pros

Duplex Income Potential: As a duplex with two separate units (3 bed/1.5 bath and 2 bed/1 bath), the property offers strong potential for dual rental income streams or multi-generational living once fully renovated.
Significant Value-Add Opportunity: Explicitly marketed as a 'fixer' with 'strong upside potential' and 'ideal for those seeking a value-add project, renovation opportunity, or redevelopment potential,' appealing to investors and developers.
Flexible Exterior Features: The property boasts alley access, a large driveway, front yard, and spacious backyard, providing versatility for parking, outdoor amenities, or potential future expansion.
Lower Entry Price Point: With a list price of $250,000 for a multi-unit property in California, it represents a relatively low entry cost for an investment with significant upside potential.
Redevelopment Potential: The description highlights 'redevelopment potential,' suggesting the lot size and zoning may allow for a more substantial project, maximizing long-term value.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1901, other record living area = 1469.
Extensive Fire Damage: Both units have sustained fire damage, with the rear unit suffering 'severe' damage, indicating substantial and costly repairs are required before occupancy.
Sold Strictly As-Is: The property is sold 'strictly as-is,' meaning the buyer assumes all responsibility and costs for repairs, inspections, and any unforeseen issues, without seller contribution.
Cash Only Requirement: The 'Cash Only' stipulation significantly limits the potential buyer pool, excluding those reliant on traditional financing, which can impact market time and final sale price.

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