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955 W Hays, Banning, California 92220, Banning, 92220 - 4 bed, 4 bath

955 W Hays, Banning, California 92220 home-pic-0
ACTIVE$585,000
955 W Hays, Banning, California 92220
4Beds
4Baths
1,782Sqft
6,098Lot
Year Built
1912
Close
-
List price
$585K
Original List price
$585K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
TR25266624
Home ConditionFair
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $585.0K(67th), sqft - 1782(50th), beds - 4(83th), baths - 4(83th).

Exceptional investment opportunity featuring three fully independent units with potential for strong rental income. The desirable unit mix includes a spacious 2-Bed/2-Bath unit, a functional 1-Bed/1-Bath unit, and a convenient Studio with a full bath. The units were painted from outside, new roof, and other updates and modifications have been made to select units. Tenants benefit from completely separate gas and electric meters (3 of each), with a single shared water meter simplifying utility management. The property also features a promising backyard area with alley access, presenting a potential opportunity for an Accessory Dwelling Unit (ADU) conversion. Buyer and agent to verify ADU feasibility. Located just minutes from the 10 Freeway, providing easy access for commuters.

Price History

Date
Event
Price
11/25/25
Listing
$585,000
05/10/99
Sold
$50,000
Condition Rating
Fair
Built in 1912, this property has received some recent exterior updates, including a new roof and paint. However, the interior images, particularly of the kitchens and bathrooms, reveal significantly outdated styles, fixtures, and appliances. While some rooms show newer laminate flooring, the overall impression is that major renovations to key areas like kitchens and bathrooms have not occurred in 15-30+ years. The property is functional and maintained but requires substantial cosmetic updates to meet current standards.
Pros & Cons

Pros

Diversified Income Stream: A triplex with a desirable unit mix (2-Bed/2-Bath, 1-Bed/1-Bath, Studio) provides multiple income streams and caters to various tenant needs.
Tenant-Responsible Utilities: Separate gas and electric meters for each unit significantly reduce landlord utility expenses and simplify property management.
Recent Capital Improvements: Updates including exterior paint and a new roof, along with other modifications, minimize immediate capital expenditure for the new owner.
ADU Development Potential: A promising backyard with alley access offers a significant value-add opportunity through potential Accessory Dwelling Unit (ADU) conversion.
Excellent Commuter Access: Located just minutes from the 10 Freeway, providing convenient access for tenants and enhancing rental appeal.

Cons

Historic Property Age: Built in 1912, the property's age may lead to unforeseen maintenance issues, outdated systems, or higher insurance premiums.
Shared Water Utility: The single shared water meter means the landlord is likely responsible for water costs, or will need to implement a sub-metering solution, adding to management complexity.
Unverified ADU Feasibility: While ADU potential exists, the need for buyer and agent verification indicates it's not a guaranteed or pre-approved addition, requiring further due diligence and investment.

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