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Mobile Home Park Details

  • Price: $3,450,000
  • Cap Rate: 5.0%
  • Listing ID: 2990229
  • Posted On: May 24, 2023
  • Updated On: May 24, 2023


Northmarq is pleased to present the opportunity to acquire Brookside Mobile Home Park, a forty-five (45) space community in Bishop, California. The community is 100% occupied, with 42 TOH, 1 POH and 2 cabins. The unit composition includes 20 single wide, 23 double wide and 2 cabins at Brookside. The park is serviced by city sewer and a private well.

The well is supervised by the State Water Board. Bishop is the largest town in the Owens Valley, nestled between the Sierra Nevada to the west and the White Mountains to the east.

The property is listed at $3,450,000 underwritten with a 48.62% expense ratio. Based on the financial summary, an investor can expect to purchase the property at a 5.02% cap rate, with value-add opportunity to increase the in-place cap rate in year-1 to 5.76%.

Potential value-add opportunities include repaving the roads, gradually replacing older homes with newer SWs, DWs & park models, and upgrading the laundry room facilities.


The park location is at the foot of Mammoth Mountain, a world class skiing and recreation area that attracts over 4 million visitors annually. Many residents of Bishop commute to the surrounding ski areas.
California has consistently ranked as one of the nation's hottest housing markets and continues to demonstrate year-over-year growth.


  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 45
Total Occupancy: 100.0 %
Year Built: 1959
Average MH Lot Rent: $582
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $337,080
Operating Expense $163,877
Net Operating Income $173,203
Expense Ratio 48.6 %
Debt Info

Lot Information

Singlewide Lots: 20
Doublewide Lots: 23
Park Model Lots: 2

Utility Information

Water: Well
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1

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