Investment Overview

El Nido Mobile Home Park is a 50-space park located at 10600 S Highway 59 in El Nido, California. The park consists of 47 mobile home sites, 2 apartments, and 1 single family house. The property is serviced by well and septic. The park is sub-metered and tenants are billed for water, electric, gas, and trash. Sewer is included in space rent. El Nido MHP is an all age park situated on 5.81 acres. The owner has recently completed multiple improvments to the park that include new asphalt on streets, parameter fencing, meters, security cameras, motors for the well system, street lights, and landscaping. El Nido is not impacted by rent control. The last rental increase was for 10% on March 1, 2023 for 9 spaces and May 1, 2023 for 41 spaces at 10%. Merced is a dynamic community of about 90,971 people, with friendly small town living in a midsize city. The University of California Merced campus, opened in 2005, provides new educational and economic opportunity, adding to the already-established growth of the region. Merced’s population is youthful and diverse. Located in the heart of California’s agricultural Central Valley, Merced is the region’s hub for education, culture, and business. The community offers abundant shopping, pleasant neighborhoods and tree-lined streets. Bicycle paths along creeks link major City parks. Even with recent increases in prices, Merced’s housing remains affordable compared to many other California locations.