ABC Wishing Well Mobile Home Park 20340 Harvard Blvd 35 Unit Mobile Home Park $3,390,000 ($96,857/Unit) 6.65% Cap Rate Torrance, CA 90501

Realty Investment Advisors is pleased to present 20340 Harvard Blvd, a rare opportunity to acquire a stabilized, cash-flowing 34-unit mobile home park with an additional 1,750 SF grocery market. Strategically located in Torrance PO within the City of Los Angeles, the property is well-positioned to deliver both immediate returns and long-term growth.
Currently generating a 6.65% CAP rate on in-place income, the property provides strong existing cash flow, with significant upside potential through rent growth and repositioning. A pro forma 9.07% CAP rate and 7.74 GRM highlight the investment’s scalability and attractive returns once optimized.
The community is comprised of 34 mobile home spaces, of which 3 are park-owned, providing additional income security and operational flexibility. The asset sits on a sprawling 80,548 SF lot (nearly 2 acres) zoned RD1.5, offering substantial future redevelopment potential in one of the South Bay’s most desirable rental submarkets. With 100 total parking spaces—including 2 assigned spaces per mobile home plus 32 open spaces—the property is well-designed to accommodate residents and guests alike.
Additional on-site amenities include a laundry room for resident convenience and the grocery market, which provides extra income and enhances the community environment.