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30-Unit Skylark Torrance Mobile Home Park 1820 Torrance Blvd 30 Unit Mobile Home Park $4,500,000 ($150,000/Unit) 2.43% Cap Rate Torrance, CA 90501
Investment Highlights
- Trust Sale. NO Court Confirmation required
- Excellent current income with great upside potential
- Sold AS IS and WHERE IS with all faults, and without warranty, express or implied and with current tenants and pad owners in place.
- For sale AFTER 61 years!
- Situated on an approx. 50,138 SF lot with M1 zoning
- There are 5 mobile home renters and 25 mobile home owners
Executive Summary
Trust Sale. NO Court Confirmation required. For sale AFTER 61 years! Great opportunity to own a 30-unit mobile home park in a prime location of central Torrance!
Listed for below land value for the area. Excellent current income with great upside potential. Situated on an approx. 50,138 SF lot with M1 zoning, the property is located
near the intersection of Torrance Boulevard and South Western Avenue. There are 5 mobile home renters and 25 mobile home owners. Three units (Units 21, 22, and
30) are occupied by family members of ex-manager of Ms. Dolores Stockton for free. Ownership of the subject three units has not been confirmed, as no
documentation as to the ownership/leasing of the subject units have been found. Seller, and their agent(s)/representative(s) are not aware of, and disavows,
any legal arrangement between the occupant(s) of the subject three units. Buyer is strongly advised to do their own due diligence and take any action it
deems necessary. Bill back for utilities is being audited, as the owner's expense seems to be higher than what it should be. Sold AS IS and WHERE IS with all
faults, and without warranty, express or implied and with current tenants and pad owners in place. Trustee is an independent fiduciary not related to the family. Buyer to
conduct their own investigations.
Listed for below land value for the area. Excellent current income with great upside potential. Situated on an approx. 50,138 SF lot with M1 zoning, the property is located
near the intersection of Torrance Boulevard and South Western Avenue. There are 5 mobile home renters and 25 mobile home owners. Three units (Units 21, 22, and
30) are occupied by family members of ex-manager of Ms. Dolores Stockton for free. Ownership of the subject three units has not been confirmed, as no
documentation as to the ownership/leasing of the subject units have been found. Seller, and their agent(s)/representative(s) are not aware of, and disavows,
any legal arrangement between the occupant(s) of the subject three units. Buyer is strongly advised to do their own due diligence and take any action it
deems necessary. Bill back for utilities is being audited, as the owner's expense seems to be higher than what it should be. Sold AS IS and WHERE IS with all
faults, and without warranty, express or implied and with current tenants and pad owners in place. Trustee is an independent fiduciary not related to the family. Buyer to
conduct their own investigations.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$274,980
|
$214.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$274,980
|
$214.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$151,853
|
$118.36
|
| Net Operating Income |
$123,127
|
$95.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $274,980 |
| Annual Per SF | $214.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $274,980 |
| Annual Per SF | $214.33 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $151,853 |
| Annual Per SF | $118.36 |
| Net Operating Income | |
|---|---|
| Annual | $123,127 |
| Annual Per SF | $95.97 |
Property Facts
| Price | $4,500,000 | Apartment Style | Townhome |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.15 AC |
| Cap Rate | 2.43% | Building Size | 1,283 SF |
| Gross Rent Multiplier | 12.36 | Average Occupancy | 99% |
| No. Units | 30 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 23.38/1,000 SF |
| Zoning | M1 | ||
| Price | $4,500,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 2.43% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.15 AC |
| Building Size | 1,283 SF |
| Average Occupancy | 99% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 23.38/1,000 SF |
| Zoning | M1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Laundry Facilities
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 7355-028-003 | Improvements Assessment | $66,162 |
| Land Assessment | $262,299 | Total Assessment | $328,461 |
Property Taxes
Parcel Number
7355-028-003
Land Assessment
$262,299
Improvements Assessment
$66,162
Total Assessment
$328,461
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30-Unit Skylark Torrance Mobile Home Park | 1820 Torrance Blvd
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