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Mobile Home Park

Town and Country Mobile Home Park

685 N State St, Hemet, CA 92543

Listing Price: $1,813,000

Cap Rate
6.61%
Number of Spaces
37
Lot Size
1.87 acres
Occupancy
100.0%
Price/Space
$49,000
Spaces/Acre
19.79
Year Built
1960

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Town and Country Mobile Home Park at 685 North State Street in the city of Hemet, California. The mobile home park is an all-aged community located on the southwest corner of North State Street and East Menlo Avenue. The park sits on 1.87 acres (81,457 SF) of land and consists of thirty-seven single/double-wide mobile home sites with four park-owned mobile homes and a park-owned two-bedroom/one-bathroom single family home. The single-family home offers a pitched roof, a fenced front yard, and a private backyard. 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.

Town and Country Mobile Home Park is less than one mile north of Downtown Hemet Districts and the principal thoroughfare of Florida Avenue, also known as the State Route 74 that takes commuters west to the I-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Major department stores and grocery stores including Walmart, Grocery Outlet, Sprouts, Target, Smart & Final, and Stater Bros. Markets are within three-mile drive from the mobile home park. In addition, the city of Hemet is surrounded by multiple outdoor and indoor recreational opportunities for all ages including Valley Vista Community Center, Weston Park, Seven Hills Golf Club, and most famous of all, Diamond Valley Lake. The lake is one of the largest and newest reservoirs in Southern California with a capacity of 800,000 acre-feet and is world-renowned for its black bass fishing.

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.

Investment Highlights

  • 6.61% Capitalization Rate
  • Central Location - Near Downtown Hemet
  • 1.87 Acres Parcel (81,457 SF)
  • Direct Metered for Gas and Electricity
  • Population In Excess of 167,000 Within a 5-Mile Radius

Exclusively Listed By

Mobile Home Park

Town and Country Mobile Home Park

Listing Price: $1,813,000

Cap Rate
6.61%
Number of Spaces
37
Lot Size
1.87 acres
Occupancy
100.0%
Price/Space
$49,000
Spaces/Acre
19.79
Year Built
1960

Investment Highlights

  • 6.61% Capitalization Rate
  • Central Location - Near Downtown Hemet
  • 1.87 Acres Parcel (81,457 SF)
  • Direct Metered for Gas and Electricity
  • Population In Excess of 167,000 Within a 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Town and Country Mobile Home Park at 685 North State Street in the city of Hemet, California. The mobile home park is an all-aged community located on the southwest corner of North State Street and East Menlo Avenue. The park sits on 1.87 acres (81,457 SF) of land and consists of thirty-seven single/double-wide mobile home sites with four park-owned mobile homes and a park-owned two-bedroom/one-bathroom single family home. The single-family home offers a pitched roof, a fenced front yard, and a private backyard. 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. Town and Country Mobile Home Park is less than one mile north of Downtown Hemet Districts and the principal thoroughfare of Florida Avenue, also known as the State Route 74 that takes commuters west to the I-5 in San Juan Capistrano, Orange County and east to the city limits of Palm Desert. Major department stores and grocery stores including Walmart, Grocery Outlet, Sprouts, Target, Smart & Final, and Stater Bros. Markets are within three-mile drive from the mobile home park. In addition, the city of Hemet is surrounded by multiple outdoor and indoor recreational opportunities for all ages including Valley Vista Community Center, Weston Park, Seven Hills Golf Club, and most famous of all, Diamond Valley Lake. The lake is one of the largest and newest reservoirs in Southern California with a capacity of 800,000 acre-feet and is world-renowned for its black bass fishing. 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.

Exclusively Listed By

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