Yuba MHP & Alpine Village MHP 2 Multifamily Properties Offered at $2,225,000 in Multiple Locations

Yuba MHP and Alpine Village MHP are a two-property manufactured housing community portfolio totaling 32 sites consisting of 31 HCD permitted mobile home sites and 1 single family residence in Yuba County, California. The combined portfolio is priced at $2,225,000 ($69,531/site) and is 91% occupied.
Yuba MHP is a 19-site age restricted manufactured housing community plus one single family residence located in Olivehurst, CA listed at $1,550,000. The single-family residence (SFR) is currently occupied and situated on its own parcel, with all direct billed utilities, separate from the park. The SFR is valued at approximately $350,000 based on comparable homes in the market. Yuba MHP is 100% occupied and benefits from municipal water service, private septic with the potential for future connection to city sewer through a grant, PG&E gas and electric direct billed, and trash service direct billed to tenants. Currently, the average space rent at Yuba MHP is $479 per month and is scheduled to increase to $527 effective June 1, 2026. Estimated market rents are approximately $696, reflecting rents approximately 31% below current market levels and approximately 24% below market after the scheduled increase. Yuba MHP provides in place income with potential rental upside.
Alpine Village MHP is a 12 site all age community located in Marysville, CA listed at $675,000. The community is currently at 75% occupancy, with three vacant HCD-permitted MH sites with utility hookups in place. Condition of infrastructure to be verified by buyer. The property is serviced by municipal water and municipal sewer, PG&E gas and electric direct billed, and residents are charged a flat monthly fee of $35 for trash service. Current average rents of $440 are scheduled to increase to $484 effective June 1, 2026. Compared to estimated market rents of approximately $696, current rents are approximately 37% below market and approximately 30% below market after the scheduled increase. The vacancy and below market rates present the opportunity for lease up and rental growth.
Both properties operate without onsite management but with professional offsite management. The portfolio is located within Yuba County, which includes employers such as Beale Air Force Base, Adventist Health and Rideout, and regional agricultural, logistics, government, and retail operations. The population in Yuba County is over 80,000. The region is approximately 45 minutes north of Sacramento and is accessible via State Route 70. With below market rents, municipal utility service, infill opportunity at Alpine Village MHP, and a separate single-family residence worth approximately ~$350,000 at Yuba MHP, the portfolio presents an opportunity for rental growth with continued operational efficiencies under new ownership.
Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.