Banning, CA 92220,125 North Phillips Street
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Banning, CA 92220,125 North Phillips Street
Banning, CA 92220,125 North Phillips Street
Banning, CA 92220,125 North Phillips Street
Banning, CA 92220,125 North Phillips Street
Listed by Douglas McCauley • MARCUS & MILLICHAP

$950,000

Est. payment /mo

$998,000

4.8%
Est.Price: ?

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125 North Phillips Street Banning, CA 92220

2,682 SqFt

SOLD DATE : 07/25/2025

Key Details

Sold Price $950,000

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 2,682 sqft

Price per Sqft $354

Subdivision Solera

MLS Listing ID CV-25086830

Sold Date 07/25/25

Year Built 1947

Lot Size 1.400 Acres

Property Sub-Type Commercial/Residential

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.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Zoning CM

Interior

Laundry None

Exterior

Parking Features Gated

Pool None

Community Features Street Lights

Building

Lot Description Lot Over 40000 Sqft, Rectangular Lot

Sewer Public Sewer

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Kate Marsh-Pokras

Engel & Völkers

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+1(805) 558-9677

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