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$950,000
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Property Description
SELLER FINANCING with 45% down payment, payable at 5% interest only, due in five years. Mountain View Mobile Home Park, a value-add investment opportunity located at 125 North Phillips Street in the growing city of Banning, California. Situated on a 1.40-acre parcel, this all-age community offers a diverse mix of 11 mobile home spaces, 3 cottage-style studio apartment units, and a two-story apartment building with two one-bedroom/one-bathroom units. The northern portion of the property remains underutilized, presenting significant potential for redevelopment or expansion (buyer to verify zoning and development options). With its unique combination of residential units and underused land, Mountain View MHP offers investors the opportunity to capitalize on Banning's evolving real estate market and unlock future growth and value.
Nestled in the San Gorgonio Pass between the San Bernardino and San Jacinto Mountains, Banning is ideally situated along Interstate 10, just 90 miles east of Los Angeles and 30 miles west of Palm Springs, making it a key access point between major Southern California markets. The city benefits from excellent transportation and distribution access, which supports both residential and commercial development. Just minutes away are the Cabazon Outlets and Morongo Casino Resort & Spa, a popular entertainment hub that is currently expanding with a new four-story hotel set to open in 2026, further boosting regional tourism and economic activity.
Full Property Details
Full Property Details for 125 N Phillips St
General
- Sold For: $950,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV25086830
- Added to Site: 273 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 263 - Banning/Beaumont/Cherry Valley
- County: Riverside
- Development Name: 263 - Banning/Beaumont/Cherry Valley
- Driving Directions: Off the 10E, Exit Hargrave St, to the right of N Phillips St.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Entry Location: Drive By
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,682
- Year Built: 1947
Lot Features
- Lot Size (Acres): 1.4
- Lot Size Source: Assessor
- Zoning: CM
- Lot Description: Lot Over 40000 Sqft, Rectangular Lot
Financial Considerations
- Price Per Sq. Ft.: $354.21
- Price Per Unit: 62375
Listed and Sold by Marcus & Millichap, Douglas McCauley and Marcus & Millichap, David Covarrubias
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Schools
Schools serving 125 N Phillips St
School District:Banning Unified School District
| Name | Grades | Distance |
|---|---|---|
Banning High School 100 W. W.ward, Banning, CA 92220 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 N Phillips St
Date
Details
Price
Change
Source
7/25/2025
Sold
$950,000
-4.81%
MLS
6/04/2025
Price Reduced
$998,000
-10.89%
MLS
4/21/2025
Listed
$1,120,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
125 N Phillips Street, Banning, CA 92220 (MLS# CV25086830) is a Multi-Family property that was sold at $950,000 on July 25, 2025. Want to learn more about 125 N Phillips Street? Do you have questions about finding other Multi-Family real estate for sale in Banning? You can browse all Banning real estate or contact a Coldwell Banker agent to request more information.

