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Sold for $950,000
  • Listing Provided by: MARCUS & MILLICHAP
    Bought with: MARCUS & MILLICHAP
    $950,000

    125 N Phillips St, Banning, CA 92220

    14beds
    16baths
    2,682sqft
    Mixed Use
    Built in 1947
    -- sqft lot
    $951,400 Zestimate®
    $354/sqft
    $1,562 Estimated rent

    Home value

    $951,400

    $856,000 - $1.06M

    $1,562/mo

    Zestimate® history
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    $1,562/mo

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    $5,926/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Douglas McCauley DRE #01155706 626-695-6776,

    MARCUS & MILLICHAP,

    David Covarrubias DRE #01941403,

    MARCUS & MILLICHAP

    Bought with:

    David Covarrubias, DRE #01941403

    MARCUS & MILLICHAP

    Douglas McCauley, DRE #01155706

    MARCUS & MILLICHAP

    Source: CRMLS,MLS#: CV25086830MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 14
    • Bathrooms: 16
    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,682
    • Total interior livable area: 2,682 sqft

    Property

    Parking
    • Total spaces: 16
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Drive By
    • Pool features: None
    Lot
    • Size: 1.40 Acres
    • Features: Lot Over 40000 Sqft, Rectangular Lot
    Details
    • Parcel number: 541161012
    • Zoning: CM
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights
    Location
    • Region: Banning
    • Subdivision: Solera (Slra)

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Owner Will Carry

    Price history

    DateEventPrice
    7/25/2025Sold$950,000-4.8%$354/sqft
    Source: CRMLS #CV25086830 Report a problem
    6/9/2025Pending sale$998,000$372/sqft
    Source: CRMLS #CV25086830 Report a problem
    6/4/2025Price change$998,000-10.9%$372/sqft
    Source: CRMLS #CV25086830 Report a problem
    4/21/2025Listed for sale$1,120,000$418/sqft
    Source: CRMLS #CV25086830 Report a problem
    2/21/2025Listing removed$1,200
    Source: Zillow Rentals Report a problem
    10/16/2024Listed for rent$1,200
    Source: Zillow Rentals Report a problem
    10/1/2024Listing removed$1,200
    Source: Zillow Rentals Report a problem
    8/31/2024Listed for rent$1,200
    Source: Zillow Rentals Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92220

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $951,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $951,400