Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire California Palms Mobile Home Park, a well-maintained, all-age manufactured housing community located just one-half mile from Downtown San Jacinto (Riverside County, California). Built in 1976 and situated on approximately 1.70 acres, the property consists of 34 total units, including 31 HCD-permitted mobile home sites and four apartment units. The community is serviced by city water and city sewer, with water and sewer expenses billed back to tenants. Gas and electric are sub-metered and a CPUC electrical upgrade to 100-amp service is currently in progress as of August 2026. The offering includes 28 park-owned homes (8 Vacancies), creating immediate infill upside & extra rental revenue. Additionally, two brand-new tiny homes are currently being marketed for sale with two already sold. California Palms has benefited from extensive capital improvements over the years, including upgraded utility infrastructure, electrical panels, meters, landscaping improvements, water-saving irrigation systems, paved roads/walkways, and renovated homes. The property offers attractive in-place returns with an incoming cap rate of 7.67% underwritten with a 43.34% expense ratio. Located within the incorporated City of San Jacinto, the property is not subject to a local mobile home park rent stabilization ordinance (Buyer to Verify), providing operational flexibility day one. Ownership also benefits from immediate vacancy infill upside and long-term appreciation potential driven by the region's growing housing affordability challenges where the average home price is approximately $500,000. In addition, the property is located within an Opportunity Zone and provides convenient access to major Southern California employment centers and tourist destinations.