Six-Unit Multifamily
For Sale
$1,095,000
333 North Murray Street, Banning, CA 92220
Unit mix includes studios and one- and two-bedroom apartments.
Property Size4,790 SF
Days on Market66
Property Features for 333 North Murray Street
General Information
Standard status
Active
Size
4,790 SF
Property subtype
Multi-Family
Building Details
Building Size
4,790 SF
Listing Agency:
KW Commercial | SIG Commercial
Listed By:
Jag Singh · License #01411306,01886951
(626) 272-5941
Source:
Commercialcafe
Added: Aug 21
Changed: Oct 17
Last Checked: Oct 24 at 2:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | SIG Commercial
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Investment Insights
Based on property information with market context.
Located at 333 N Murray in Banning, California, this multifamily property contains six residential units with a varied configuration. The unit mix includes three studio apartments, two one-bedroom/one-bathroom apartments, and one two-bedroom/one-bathroom apartment.
The property is situated in a residential neighborhood with access to local shopping, dining, and major transportation corridors. Its defined unit mix provides a range of apartment formats within one multifamily asset.
The property is situated in a residential neighborhood with access to local shopping, dining, and major transportation corridors. Its defined unit mix provides a range of apartment formats within one multifamily asset.
Key Highlights
- Six‑unit multifamily property in Banning, CA
- Three studio units
- Two one‑bedroom + one‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,533
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,660
$1.6M
Cap Rate 7%
$1,107,614
$1.1M
Cap Rate 9%
$861,478
$861.5K
Market Conditions
NOI Build-Up for 4,790 SF
Gross rent
$143.7K $30.00/SF
− Vacancy
−$2.7K −$0.57/SF
EGI
$141.0K $29.43/SF
− OpEx
−$63.4K −$13.24/SF
NOI
$77.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,550,660
Cap Rate 7%
$1,107,614
Cap Rate 9%
$861,478
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.2K – $1.29M
NOI $77,533 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.26M – $1.67M
NOI $100,450 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
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Business Placement
Demographics for 92220, CA
32,947
Population
13,258
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
141.3 sq mi
ZIP Area
233
Density / Sq Mi
$59,116
Median Household Income
$35,428
Median Earnings
$1,499
Median Rent
$324,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studios and one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 333 North Murray Street Banning, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Six‑unit multifamily property in Banning, CA; Three studio units; Two one‑bedroom + one‑bathroom units
