19
Map
$359,000
●
House -
For Sale
992 W Hoffer
Banning, CA 92220
3 Beds
2 Baths
1,432 Ft²
$1,763
Est. Monthly
About This Property
Great Opportunity in a Lovely Banning Neighborhood! Bring
your vision and unlock the potential of this 3-bedroom, 2-bathroom
home located in a lovely Banning neighborhood! Featuring a
functional floor plan with a separate dining area, a welcoming
living room with a fireplace, and plenty of possibilities to make
it your own, this property is an excellent opportunity for
investors, flippers, or buyers looking to create their dream home.
The home retains much of its original character and will need some
TLC, making it the perfect canvas for your personal touches and
updates. With great potential and room to add value, this is an
opportunity you won't want to miss. Great potential, great
opportunity, and a great deal! Don't miss your chance to turn this
house into something special!
Unit Size
1,432 Ft²
Days on Market
20 days
Land Size
0.16 acres
Price per sqft
$251
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: 20 days ago (CRMLS #PW26224279)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by Executive Bankers Realty | $359,000 | |
| Listed by Executive Bankers Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: AllBedroomsDown
Laundry Features: Inside
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 1432
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1963
Levels: One
Pool Features: None
Lot Features: Level, Rectangular Lot
Lot Size Area: 6970
Lot Size Units: Square Feet
Lot Size Acres: 0.16
Lot Size Square Feet: 6970
Tax Lot: 18
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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Sold On
HOA + Taxes
About Mountain View Rancho
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Listed by: Anthony Arana, Executive Bankers Realty
Last Updated: 20 days ago
Data Source: CRMLS, MLS# PW26224279
Last Updated: 20 days ago
Data Source: CRMLS, MLS# PW26224279
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