Contact Information

Anja Jauregui

Marcus Millichap

Mobile Home Park Details

  • Price: $1,250,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.6%
  • Property ID: 1387128
  • Posted On: Feb 1, 2021
  • Updated On: Mar 23, 2021

Property Description

Marcus and Millichap is pleased to present the opportunity to acquire a twenty-space manufactured housing community located just outside Palmdale, California. Blue Skies Living is an all-ages community set just outside Angeles National Forest and the San Gabriel Mountains. Located on just over 19 acres of land, this community is comprised of 12 park-owned manufactured homes, and 8 mobile home lots with tenant-owned homes on them.

Current average lot rents are approximately $396 per month. The park-owned units are renting for an average of $477 above the lot rents. Electricity and propane is sub-metered for each unit, and water/sewer is master metered and billed back to the tenants. The property is on public water and septic.

Seller is open to carrying a contract.

Location

Being outside the Palmdale city limits, there is no rent control for Blue Skies Living. The location offers a relaxing, quiet community surrounded by recreation areas. Activities include fishing, dirt biking, and easy access to Angeles National Forest. Additionally, Blue Skies Living is just under 10 minutes away from Walmart Supercenter as well as other shopping and dining in Palmdale, CA.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 95.0 %
Year Built: 1959
Average MH Lot Rent: $396
Size: 19 acre(s)

Financial Information (Pro Forma)

Gross Income $201,913
Operating Expense $98,724
Net Operating Income $103,189
Expense Ratio 48.9 %
Debt Info

Lot Information

Singlewide Lots: 20

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $477

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