Seller's Agent in 2025
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
2 in this area
43 Total Sales
125 N Phillips St Banning, CA 92220
2
Beds
3
Baths
2,682
Sq Ft
60,984
Sq Ft Lot
Highlights
- 1.4 Acre Lot
- Rectangular Lot
- 1-Story Property
- No HOA
About This Home
As of July 2025SELLER 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.
Last Agent to Sell the Property
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 04/21/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 1.4 Acre Lot
- No Common Walls
- Rectangular Lot
Parking
- 16 Parking Spaces
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,682 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, trash collection, water
- Legal Lot and Block 170 / 170
- Tax Tract Number 442
- Assessor Parcel Number 541161012
- $79 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 16 Units
- Solera Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $12,000
- Fuel Expense $12,000
- Gardener Expense $2,500
- Insurance Expense $7,000
- Maintenance Expense $8,000
- Professional Management Expense $10,140
- Trash Expense $6,000
- Water Sewer Expense $12,000
- New Taxes Expense $13,672
- Operating Expense $83,312
- Gross Income $175,720
- Net Operating Income $62,050
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | Sold | $950,000 | -4.8% | $354 / Sq Ft |
| 06/09/2025 06/09/25 | Pending | -- | -- | -- |
| 06/04/2025 06/04/25 | Price Changed | $998,000 | -10.9% | $372 / Sq Ft |
| 04/21/2025 04/21/25 | For Sale | $1,120,000 | -- | $418 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,498 | $609,303 | $423,611 | $185,692 |
| 2023 | $8,277 | $585,644 | $407,162 | $178,482 |
| 2022 | $8,098 | $574,162 | $399,179 | $174,983 |
| 2021 | $7,942 | $562,904 | $391,352 | $171,552 |
| 2020 | $7,877 | $557,133 | $387,340 | $169,793 |
| 2019 | $7,754 | $546,210 | $379,746 | $166,464 |
| 2018 | $7,707 | $535,500 | $372,300 | $163,200 |
| 2017 | $7,584 | $525,000 | $365,000 | $160,000 |
| 2016 | $7,013 | $500,420 | $215,473 | $284,947 |
| 2015 | $6,914 | $492,906 | $212,238 | $280,668 |
| 2014 | $6,871 | $483,253 | $208,082 | $275,171 |
Source: Public Records
Agents Affiliated with this Home
-
Douglas McCauley
-
David Covarrubias
Seller Co-Listing Agent in 2025
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
3 in this area
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25086830
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1010 E Nicolet St
- 1396 Ramsey
- 245 N Evans St
- 263 N Evans St
- 917 E Nicolet St Unit 157
- 1130 E George St
- 582 N Almond Way
- 541 N Hargrave St
- 957 E George St
- 685 N Allen St
- 433 E Livingston St
- 402 E Ramsey St
- 1469 E George St
- 755 N Allen St
- 0 N Almond Way Unit IG25103642
- 906 N Allen St
- 497 Martin St
- 296 N Alessandro St
- 495 Martin St
- 1501 E Wilson St
Your Personal Tour Guide
Ask me questions while you tour the home.