Sold
5001 W Wilson Street
Banning CA, 92220
$12,250,000
$119.16 per sqft
Sold
5 Beds
102,802 sqft
Multi-family
We are pleased to exclusively present the opportunity to acquire Wilson Gardens, a multifamily investment property comprised of 68 units and a non-conforming unit located at 5001 & 5059 West Wilson Street in the city of Banning, California. Built in 1976, Wilson Gardens sits on two contiguous parcels with a total lot size of 2.36 acres and has a combined building size of approximately 58,330 square feet. Wilson Gardens is comprised of six-2 story buildings and consists of fifteen-one bedroom/one bathroom units, twenty eight-two bedroom/one bathroom units, twenty one-two bedroom/two bathroom units, four-three bedroom/two bathroom units, and one non-conforming studio/one bathroom unit. These spacious units feature central air conditioning and heating, copper plumbing, and have individual hot water heaters. Selected units offer washer and dryer hook-ups and patio/balcony. Approximately 20% of the apartments have been renovated to feature laminated hardwood flooring, granite countertops, new cabinetry, double pane windows, and kitchen islands with seating in selected units. All units are individually metered for gas and electricity. Wilson Gardens is secured with multiple exterior security cameras, gated entrances and parking, and has an on-site leasing/management office with bathroom. Residents enjoy common area amenities including on-site laundry facility, swimming pool, and shaded picnic area with barbeque grill. The front lawn and community courtyard is upgraded with low-maintenance artificial turf. For parking, there are thirty-six single-car garages, twenty-four tuck-unde
CV22112865
MLSⓇ ID
May 26, 2022
Listed
February 15, 2024
Updated
Map
5001 W Wilson Street
Banning CA, 92220
Interior Features
Bedrooms
5 Beds
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.36 Acres
Lot Features
Sidewalks
Other Property Details
Days on Market
63
Garage
No
View
No
County
Riverside
Pool
No
Pool Features
Community
Zoning
Other
Buyer Agency Compensation
1.25%
Listed by MARCUS & MILLICHAP, David Covarrubias,
Listing Contact: 626-319-2479
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
© 2024 San Diego Multiple Listing Service. All rights reserved.
Data last updated 8:59 PM UTC, 2/15/2024