Investment Overview

Marcus & Millichap is pleased to present for sale a rare South Bay Manufactured Housing Community in the City of Carson, CA, located in Los Angeles County. Rancho Dominguez Mobile Estates (RDME) consists of 81 HCD Permitted Mobile Home Sites, 1 Single Family Residence, Laundry Facilities On-Site, a Clubhouse and Community Swimming Pool. 29 Sites and the Single Family Residence are park owned and not subject to Carson's Mobilehome Space Rent Control Ordinance. Ownership has maintained the MHP and its operations exceptionally well. Park owned homes have typically undergone $35K-$45K worth of renovations each. Rent increases are pursued on schedule and as soon as allowable. The California Public Utilities Commission is currently in process of submetering all sites which will reduce management burden. This project is expected to complete in June 2025. Originally farmland at the turn of the 20th century, the MHP was developed in 1962 before the incorporation of the City of Carson. The land at the time was zoned for light industrial use but mobile home park operation was allowed. In 1977, now part of the City of Carson, the city passed an ordinance allowing for RDME's legal, non-conforming use until it would be required to close in 2012. Despite a period of limbo, RDME continued operation and in 2023 Carson secured RDME's long-term operation by incorporating it into a Mobile Home Park Overlay District as part of its general plan update. With future income increases on the horizon with tenant turnover, RDME offers an exceptional income opportunity to the discerning investor.