John E Burge

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497 Martin StreetBanning, CA 92220

Multi-Family · 1,400 Sq. ft. | 0.15 Acres
$599,000 Active

497 Martin Street Overview

Time on Site:
151 days
Visits:
0

New construction built in 2024 featuring a 2-bedroom unit plus a completely renovated 2-bedroom second unit. Each Unit is around 700 sq.ft each. Excellent opportunity for investors or first-time buyers. Located in an up-and-coming area of Banning, just minutes from freeway access, schools, and shopping.

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497 Martin Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,400
  • Price/Sq.ft. $428
  • Lot 0.15 Acres

Details

General

Association/HOA

  • Common Interest: None

Income/Expenses

  • Gross Income: 48000.0
  • Gross Scheduled Income: 48000.0
  • Insurance Expense: 1500.0
  • Net Operating Income: 38400.0
  • Operating Expense: 9600.0
  • Trash Expense: 600.0
  • Water Sewer Expense: 600.0

Listing Information

  • Contingency: All offers are subject to interior inspection. Seller wil consider credit back to buyer for tenant relocation for at least one unit.

Building Information

  • New Construction: No
  • Year Built: 2024

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 263 - Banning/Beaumont/Cherry Valley
  • Postal City: BANNING
  • Subdivision Name: banning

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Cable TV,Electricity,Gas

General Information

  • Listing Terms: Cash,Cash to New Loan,FHA
  • Parcel Number: 541350007
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 1400.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Ground
  • Interior Features: All Bedrooms Down
  • Laundry Features: None
  • Levels: One
  • Stories: 1
  • Stories Total: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.15
  • Lot Size Area: 6534.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6534.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Property Attached: No

General Information

  • Number Of Units Total: 2
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer

497 Martin Street Neighborhood

Community

92220 (Banning) Demographics

43
Median Age
269
Population Density (per sq. mile)
25%
College Educated
$44,167
Estimated Median Income
8,231
Estimated Total Home Owners
3,757
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

497 Martin Street Monthly Cost

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$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

497 Martin Street Market Data

Based on the last 30 days in this zip code

$451,380
Average List Price
$266
Average Price per Square Foot
50
Properties Sold
92
Average Days on Market
477
Properties for Sale
Calculations provided by Reliance Network

497 Martin Street History

Date Event Value Agent
2/17/2026Source: CRMLS Price Reduction
$599,000 -7.8%
1/29/2026Source: CRMLS Added to Database
January 29, 2026
Listing provided courtesy of HC Realty GroupHugo Contreras- MLS# DW26021718MLS ProviderContact Information: 562-413-3810
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