Keegan Cin | Realtor® | License # DRE 01971604

Property

Banning, CA 92220 125 N Phillips Street

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Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV25086830
  • 04/21/2025
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  • Beds • 14
  • Baths • 3
  • SQFT • 2,682
  • Year Built • 1947

Home Details

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 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.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 125 N Phillips Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 125 N Phillips Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBanning
Community FeaturesStreetLights
CountyRiverside
DirectionsOff the 10E, Exit Hargrave St, to the right of N Phillips St.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationDrive By
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income135720.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense10000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet60984.0
Lot Size UnitsSquareFeet
MLS Area263 - Banning/Beaumont/Cherry Valley
MobileHomeRemainsYNNo
Net Operating Income72928.0
New ConstructionNo
Number Of Units Total16
Operating Expense57872.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameSolera (SLRA)
Tax Lot170
Trash Expense0.0
Water Sewer Expense12000.0
Waterfront Y/NNo
Year Built1947
Year Built SourcePublicRecords
ZoningCM

Exterior for 125 N Phillips Street

Building Area Total2682.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLotOver40000Sqft, RectangularLot
Lot Size Acres1.4
Lot Size Area60984.0
Lot Size SourceAssessor
Number of Buildings16
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking16.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $1,120,000
MLS#CV25086830
List Date 04/21/2025
Property Type Multi-Family
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