
514 East Victory Avenue, Banning, CA 92220
514 East Victory Avenue, Banning, CA 92220
Property Description
Rare 2.2-Acre VLDR Horse Property with Exceptional Flexibility and Future Potential! Major due diligence items have already been completed, including septic certification, termite clearance, and appraisal. This unique 3-bedroom, 2-bath home offers approximately 1,510 sq. ft. of living space and features remodeled bathrooms, a cozy wood-burning fireplace, and beautifully maintained original hardwood flooring—a rare feature in today's market. The water heater was replaced approximately six months ago, and the home is cooled by an evaporative cooling system. Situated on approximately 2.2 acres of predominantly flat, fully usable land, the property includes a long private driveway, detached two-car garage, retractable driveway gate, retaining walls, and perimeter fencing, providing privacy, security, and functionality. According to the City of Banning, the property is located within the Very Low Density Residential (VLDR) zoning district. The City has confirmed the parcel may have the potential to accommodate up to four residential units, subject to development standards, subdivision requirements, and governmental approvals. Buyer to verify all future development possibilities. The VLDR zoning designation allows for a variety of rural-residential uses, making this property ideal for horse owners, animal enthusiasts, contractors, RV owners, equipment storage, recreational use, and buyers seeking additional space and flexibility. Potential permitted uses within the zoning district may include private stables, grazing, animal keeping, and commercial cargo/storage containers, subject to applicable approvals. With approximately 95,832 square feet of usable land, the possibilities are endless—whether you're looking for a horse property, multi-generational living opportunity, future development potential, agricultural use, or simply room to spread out and enjoy. Conveniently located near the I-10 freeway, shopping, dining, schools, and local amenities, this property offers the perfect blend of rural living, utility, and long-term opportunity.
Features & Amenities
Property Details
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Comparative Market Analysis
Residential Tier · 5 active · 5 closed
Banning · Single Family Residence
Listed 58.8% above the median closed sale of $425,000. Price per sqft ($446) is a 56% premium to closed comps ($285). Closed comps sold at 101% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2174 Lincoln | Banning | 1961 | 3 | 2 | 1,345 | 6,970 | $316 | $425,000 | 84 | 69 |
| 1035 Hoffer Street | Banning | 1963 | 3 | 2 | 1,405 | 6,970 | $349 | $490,000 | 173 | 69 |
| 1425 Hays | Banning | 1953 | 3 | 2 | 1,204 | 11,761 | $399 | $480,000 | 47 | 65 |
| 5190 Long Cove Road | Banning | 1989 | 3 | 2 | 1,327 | 4,356 | $248 | $329,000 | 22 | 64 |
| 45785 Coyote | Banning | 1981 | 3 | 2 | 1,239 | 9,583 | $307 | $380,000 | 51 | 64 |
| Total: 5 · Average | 3.0 | 2.0 | 1,304 | 7,928 | $323.8 | $420,800 | 75.4 | |||
| Median | 1,327 | $425,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 546 Indian School Lane | Banning | 1960 | 09/18/2026 | 4 | 2 | 1,512 | 7,405 | $469,000 | $484,000 | $320 | 1.03 | 80 | 69 |
| 18839 Deer Trail | Banning | 1948 | 10/05/2026 | 3 | 2 | 1,392 | 17,424 | $424,800 | $425,000 | $305 | 1.00 | 166 | 68 |
| 4841 Bermuda Dunes | Banning | 1989 | 09/10/2026 | 3 | 2 | 1,505 | 4,792 | $369,900 | $375,000 | $249 | 1.01 | 54 | 67 |
| 5633 Riviera | Banning | 1988 | 10/09/2026 | 3 | 2 | 1,505 | 7,841 | $385,000 | $379,009 | $252 | 0.98 | 79 | 67 |
| 1540 Pinyon Lane | Banning | 2022 | 10/07/2026 | 3 | 2 | 1,541 | 4,513 | $449,000 | $460,000 | $299 | 1.02 | 39 | 66 |
| Total: 5 · Average | 3.2 | 2.0 | 1,491 | 8,395 | $424,601.8 | $424,601.8 | $285 | — | 83.6 | ||||
| Median | 1,505 | $425,000 | $425,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.