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Mobile Home Park

Valle Vista Mobile Home Park

44730 CA-74, Hemet, CA 92544

Listing Price: $3,381,000

Cap Rate
6.89%
Number of Spaces
49
Lot Size
3.67 acres
Occupancy
100.0%
Price/Space
$69,000
Spaces/Acre
13.35
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Valle Vista Mobile Home Park at 44730 State Highway 74 in the city of Hemet, California. The mobile home park is an all-aged community located in the quiet suburban neighborhood of Valle Vista. The park sits on a spacious 3.67 acres (159,865 SF) of land and consists of forty-nine single/double-wide mobile home sites and twenty-three of which are park-owned mobile homes. The community offers a fenced lot, a swimming pool, and a clubhouse. The sites are directly metered for gas and electricity, and master metered for water, sewer, and trash. The mobile home park rent increases are to be reviewed by the city of Hemet Mobile Home Park Rent Commission.

Valley Vista Mobile Home Park is conveniently located on the principal thoroughfare of Florida Avenue, also known as the State Route 74 that takes commuters west to the Interstate-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Residents have easy access to Dollar General, Stater Bros Markets, Dollar Tree, and Walgreens all within a 5-minute drive from the mobile home park. The neighborhood of Valle Vista offers its residents with multiple outdoor and indoor recreational options such as the city’s very own Valley-Wide community center that offers a gym, basketball court, volleyball court, three baseball fields, and pickleball courts at the Jim Venable Exchange Club Park. In addition, the mobile home park is around five mile east of Downtown Hemet. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community. The neighborhood of Valle Vista is the perfect suburban community that sits between commercial hotspots to the west and the beautiful view of Mt. San Jacinto to the east. State Highway 74 will provide residents with convenient access to all amenities that Valle Vista has to offer.

Investment Highlights

  • 6.89% Capitalization Rate
  • Excellent Frontage on State Hwy 74
  • 3.67 Acres Parcel (159,865 SF)
  • Direct Metered for Gas & Electricity
  • Swimming Pool | Clubhouse
  • Average household Income over $87,000 Within a 3-Mile Radius

Exclusively Listed By

Mobile Home Park

Valle Vista Mobile Home Park

Listing Price: $3,381,000

Cap Rate
6.89%
Number of Spaces
49
Lot Size
3.67 acres
Occupancy
100.0%
Price/Space
$69,000
Spaces/Acre
13.35
Year Built
1960

Investment Highlights

  • 6.89% Capitalization Rate
  • Excellent Frontage on State Hwy 74
  • 3.67 Acres Parcel (159,865 SF)
  • Direct Metered for Gas & Electricity
  • Swimming Pool | Clubhouse
  • Average household Income over $87,000 Within a 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Valle Vista Mobile Home Park at 44730 State Highway 74 in the city of Hemet, California. The mobile home park is an all-aged community located in the quiet suburban neighborhood of Valle Vista. The park sits on a spacious 3.67 acres (159,865 SF) of land and consists of forty-nine single/double-wide mobile home sites and twenty-three of which are park-owned mobile homes. The community offers a fenced lot, a swimming pool, and a clubhouse. The sites are directly metered for gas and electricity, and master metered for water, sewer, and trash. The mobile home park rent increases are to be reviewed by the city of Hemet Mobile Home Park Rent Commission. Valley Vista Mobile Home Park is conveniently located on the principal thoroughfare of Florida Avenue, also known as the State Route 74 that takes commuters west to the Interstate-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Residents have easy access to Dollar General, Stater Bros Markets, Dollar Tree, and Walgreens all within a 5-minute drive from the mobile home park. The neighborhood of Valle Vista offers its residents with multiple outdoor and indoor recreational options such as the city’s very own Valley-Wide community center that offers a gym, basketball court, volleyball court, three baseball fields, and pickleball courts at the Jim Venable Exchange Club Park. In addition, the mobile home park is around five mile east of Downtown Hemet. Downtown Hemet is a vibrant community hub of the San Jacinto Valley and a unique destination that attracts tourists with its well preserved and diverse architecture, historic buildings, and small-town charm. It is divided into seven distinct districts or neighborhoods: Downtown Village District, Weston Park District, Transit Oriented District, Hemet Stock Farm District, West Latham District, Kimball Avenue Neighborhood, and Franklin Street Neighborhood. Downtown Hemet takes pride in its local traditions and history, including its agricultural past, the celebrations of the Ramona Pageant, and a rich arts community. The neighborhood of Valle Vista is the perfect suburban community that sits between commercial hotspots to the west and the beautiful view of Mt. San Jacinto to the east. State Highway 74 will provide residents with convenient access to all amenities that Valle Vista has to offer.

Exclusively Listed By

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