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Sold for $950,000 · Jul 2025

SOLD

Listed at $998,000

Sold

125 N Phillips Street, Banning, CA 92220

Banning, CA

MLS# CV25086830

2,682 Sq Ft • Mixed Use
49 days on market

Listing Agent

Douglas McCauley

Listing Agent

MARCUS & MILLICHAP

DRE #: 01155706

Brokerage: MARCUS & MILLICHAP

Property Details

N/A

Bedrooms

N/A

Bathrooms

2,682 sqft

Square Feet

1947

Year Built

1.4 acres

Lot Size

$354

Price/Sq Ft

0

Garage Spaces

N/A

HOA

Mixed Use

Property Type

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.

Listing description from the July 2025 sale, as reported to CRMLS.

Facts & Features

Details

Stories
1

Sale history for 125 N Phillips Street

2 recorded sales

$950,000
Sold July 2025 · listed $998,000, orig. $1,120,000, on market April 2025, 49 days on market · MLS #CV25086830 · Source: CRMLS
Listing Agent: Douglas McCauley · Listing Office: MARCUS & MILLICHAP · Contact: 626-695-6776 · Bought with: David Covarrubias · MARCUS & MILLICHAP
$525,000
Sold December 2016 · listed $585,000, on market July 2016, 175 days on market · MLS #CV16146670 · Source: CRMLS
Listing Agent: JOSEPH CENDEJAS · Listing Office: CRG REAL ESTATE & DEVELOPMENT · Contact: 909-294-9363 · Bought with: JOSEPH CENDEJAS · CRG REAL ESTATE & DEVELOPMENT

How this sale compares

125 N Phillips Street sold for $950,000 in July 2025, 4.8% under its $998,000 list price, after 49 days on the market. It was first listed at $1,120,000. Across 387 closed sales in 92220 over the last 12 months, the median sold price is $380,000 and the median is $256 per square foot.

$256
92220 median per sq ft (12 mo)
$380,000
92220 median sold price (12 mo)
387
Closed sales in 92220 (12 mo)
49
Days on market
−4.8%
Sold vs. list price
QuarterClosed sales in 92220Median sold price
Q1 202627$370,000
Q2 2026154$378,500
Q3 2026142$389,950
Q4 202664$392,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Banning · Homes for sale in 92220

Recent sales near 125 N Phillips Street

Closed sales reported in 92220, nearest first, last 12 months. All recent sales in Banning →

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