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Listed by Douglas McCauley • MARCUS & MILLICHAP
$998,000
Est. payment /mo
2,682 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 2,682 sqft
Price per Sqft $372
MLS Listing ID CRCV25086830
HOA Y/N No
Year Built 1947
Lot Size 1.400 Acres
Property Sub-Type Other
Source Datashare California Regional
Property 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 Mor
Location
State CA
County Riverside
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Other
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