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 

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