31
Map
$490,000
↓ $25K (4.9%)
●
House -
For Sale
1035 W Hoffer Street
Banning, CA 92220
3 Beds
2 Baths
1,405 Ft²
$2,406
Est. Monthly
About This Property
Welcome to this beautiful home in the growing community of Banning,
offering comfort, value, and convenience. Nestled in a peaceful
neighborhood with stunning mountain views, this property is perfect
for buyers seeking space, tranquility, and easy access to city
amenities.Step inside to find a bright and inviting layout with
abundant natural light, creating a warm and welcoming atmosphere
throughout. The home features a well designed floor plan ideal for
both everyday living and entertaining. The kitchen offers ample
cabinetry and counter space, flowing seamlessly into the dining and
living areas.Conveniently located near shopping, dining, and
freeway access, this home offers charm with commuter friendly
convenience. Whether you're a first time buyer, investor. This is a
fantastic opportunity to own in one of Banning's most desirable
areas.
Unit Size
1,405 Ft²
Days on Market
183 days
Land Size
0.16 acres
Price per sqft
$349
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #219146704DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 7, 2026 | Price Decreased |
$490,000
↓ $25K
(4.9%) | |
| Price Decreased | |||
| Apr 20, 2026 | Listed by C 21 Coachella Valley RE | $515,000 | |
| Listed by C 21 Coachella Valley RE | |||
| Mar 1, 2024 | No longer available | - | |
| No longer available | |||
| Dec 22, 2023 | In contract | - | |
| In contract | |||
| Dec 17, 2023 | Relisted | $449,900 | |
| Relisted | |||
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Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Driveway
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 2
Flooring Type: Laminate
Has Fireplace
Fireplace Features: Gas, Living Room
Exterior Details
Square Footage: 1405
Square Footage Source: $0
Property Condition: Updated/Remodeled
Year Built Source: Assessor
Year Built: 1963
Lot Features: SprinklersTimer, SprinklerSystem
Lot Size Area: 6970
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Utilities Details
Cooling Type: Evaporative Cooling
Heating Type: None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Mountain View Rancho
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Listed by: Joanna Villicana, C 21 Coachella Valley RE
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219146704DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219146704DA
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. 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
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