N/A
Bedrooms
Sold for $950,000 · Jul 2025
SOLDListed at $998,000
Banning, CA
MLS# CV25086830
Douglas McCauley
Listing Agent
MARCUS & MILLICHAP
DRE #: 01155706
Brokerage: MARCUS & MILLICHAP
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
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.
Earthquake data is shown from a real public source (USGS)
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2 recorded sales
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.
| Quarter | Closed sales in 92220 | Median sold price |
|---|---|---|
| Q1 2026 | 27 | $370,000 |
| Q2 2026 | 154 | $378,500 |
| Q3 2026 | 142 | $389,950 |
| Q4 2026 | 64 | $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
Closed sales reported in 92220, nearest first, last 12 months. All recent sales in Banning →
125 N Phillips Street
Contact Douglas McCauley
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Contact Listing Agent
MARCUS & MILLICHAP
DRE #01155706
Contact information is not available for this listing.