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High Land East Resort 39375-39377 Old Hwy 80 20 Unit Mobile Home Park $4,950,000 ($247,500/Unit) Boulevard, CA 91905
Investment Highlights
- Mobile Home and RV zoning
- New water storage tanks and water filtration system
- Walk to convenience store
- Vacant useable extra parcel
- Minuets from Golden Acorn Casino
- High occupancy historically
Executive Summary
Investment Highlights
Expansion Potential: The park is distributed across 3 parcels
totaling 3.53 acres (153,767 SF). The main park resides on a
1.63-acre parcel, while the remaining 0.73-acre and 1.18-acre
parcels are currently utilized for RV storage and offer the potential
to double the size of the park.
Strong Occupancy: The park maintains a stable ~92%
occupancy rate with a strong base of long-term tenants.
Target Demographics: The community operates as a stable, 55+
senior market segment.
Property & Utility Infrastructure
Site Layout: Features 22 total spaces, including two owner owned units (a 1,400 sq. ft. unit and a Park Model).
Utilities: The site is equipped with 30/50 amp electrical service, 2
functional wells, 2 septic systems, and propane service for both
mobile homes and RV rentals.
Expansion Potential: The park is distributed across 3 parcels
totaling 3.53 acres (153,767 SF). The main park resides on a
1.63-acre parcel, while the remaining 0.73-acre and 1.18-acre
parcels are currently utilized for RV storage and offer the potential
to double the size of the park.
Strong Occupancy: The park maintains a stable ~92%
occupancy rate with a strong base of long-term tenants.
Target Demographics: The community operates as a stable, 55+
senior market segment.
Property & Utility Infrastructure
Site Layout: Features 22 total spaces, including two owner owned units (a 1,400 sq. ft. unit and a Park Model).
Utilities: The site is equipped with 30/50 amp electrical service, 2
functional wells, 2 septic systems, and propane service for both
mobile homes and RV rentals.
Property Facts
| Price | $4,950,000 | Building Class | C |
| Price Per Unit | $247,500 | Lot Size | 3.53 AC |
| Sale Type | Investment | Building Size | 1,090 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1959 |
| Apartment Style | Garden | Parking Ratio | 10/1,000 SF |
| Zoning | C40 and RMH - Mobile Home, RV and Commercial zoning | ||
| Price | $4,950,000 |
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.53 AC |
| Building Size | 1,090 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 10/1,000 SF |
| Zoning | C40 and RMH - Mobile Home, RV and Commercial zoning |
Amenities
Site Amenities
- Pool
- Storage Space
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $650.00 | - |
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $301,865 | |
| Land Assessment | $506,970 | Total Assessment | $808,835 |
Property Taxes
Parcel Numbers
Land Assessment
$506,970
Improvements Assessment
$301,865
Total Assessment
$808,835
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High Land East Resort | 39375-39377 Old Hwy 80