Investment Overview

Marcus & Millichap is pleased exclusively present the opportunity to acquire California Palms Mobile Home Park, located at 501 South Mistletoe Avenue in the city of San Jacinto, California. Constructed in 1976, California Palms Mobile Home Park sits on a 1.69 acres (73,616 square feet) parcel and is half a mile east of Downtown San Jacinto. The mobile home park is an all-age community that features thirty-four sites: one three-bedroom/one-bathroom house, one one-bedroom/one-bathroom house, two studio/one-bathroom units, and thirty mobile home spaces. Selected mobile homes and travel trailers have been refurbished with a new roof and double-pane windows. Streets and driveways are newly paved with cement and reinforced with steel. The park also features well-maintained landscaping with newly installed red bark and new water-saving drip system. For underground systems, the mobile home park offers new copper wiring, new electrical panels, new electric, gas, and water meters for the majority of the units. California Palms Mobile Home Park is also well-served by city water and sewer. All spaces are individually metered for gas and electricity and directly billed to tenants, except the studio/one-bathroom units (Space #14 & #15). Water, sewer, and trash are sub metered. RENOVATION HIGHLIGHTS (Buyer to verify) Sewer lines were replaced with new ABS pipe throughout the park New copper wire installed underground, serving each unit and home with 120-volt power Brand new electrical panels with new circuit breakers New gas, electric, and water meters installed for every unit Newly paved cement streets and driveways reinforced with steel New roof and window utility-saving evaporative coolers installed in many units New water-saving drip system and red bark installed throughout the park California Palms Mobile Home Park is ideally located amongst single family homes and across the street from Mistletoe Park, a 2.23 acres outdoor recreational area featuring a large pavilion, picnic areas, two half court basketball pads, a water fountain, and multiple shaded playgrounds. Major department and grocery stores such as Walmart, Cardenas Markets, Dollar General, ALDI, and Stater Brothers Markets are within a two-mile radius of the mobile home park. Additionally, the city of San Jacinto is home to the Soboba Springs Casino Resort and Country Club, located at the base of San Jacinto Mountain two miles east of the subject property. The country club is one of the best golf destinations in the San Jacinto Valley that features a challenging 18-hole golf course, picturesque landscape, driving range, event venues, and an award-winning 32,000-square-foot clubhouse. With its stunning panoramic view of the San Jacinto Mountains, the country club was once voted “Best Place to Play” by the Inland Empire Magazine.