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  • MLS#: CV25086830 ( Commercial/Residential )
  • Street Address: 125 Phillips Street
  • Viewed: 1
  • Price: $1,120,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: RIVERSIDE
  • City: Banning
  • Zipcode: 92220
  • Subdivision: Solera (slra)
  • Provided by: MARCUS & MILLICHAP
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    SELLER FINANCING with 35% 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 Bannings 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 2682.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 18
Electric Expense
  1. 0.00
Entry Location
  1. Drive By
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 2500.00
Heating
  1. None
Insurance Expense
  1. 10000.00
Laundry Features
  1. None
Levels
  1. One
Lot Features
  1. Lot Over 40000 Sqft
  2. Rectangular Lot
Netoperatingincome
  1. 68388.00
Newtaxesexpense
  1. 15372.00
Number Of Buildings
  1. 16
Otherincome1
  1. 22224.00
Otherincomedescription
  1. Utility Reimbursements
Parcel Number
  1. 541161012
Pool Features
  1. None
Postalcodeplus4
  1. 5831
Professionalmanagementexpense
  1. 12540.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 436819905:CRM
Subdivision Name Other
  1. Solera (SLRA)
Taxblock
  1. 170
Totalexpenses
  1. 62412.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 27144
Water Sewer Expense
  1. 12000.00
Water Source
  1. Public
Year Built
  1. 1947
Year Built Source
  1. Public Records
Zoning
  1. CM