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Mobile Home Park

Rosemead Trailer Park

9736 Valley Blvd, Rosemead, CA 91770

Listing Price: $3,500,000

Cap Rate
5.24%
Number of Spaces
33
Lot Size
0.92 acres
Occupancy
100.0%
Price/Space
$106,061
Spaces/Acre
35.87
Year Built
1946

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Rosemead Trailer Park, a thirty-three (33) space permitted manufactured housing community located at 9736 Valley Boulevard in Rosemead, CA. The property consists of thirty two (32) occupied tenant-owned spaces and one (1) future space for development. Amenities include an onsite laundry room, office and storage space. The property is on city water & sewer services. The park is listed at $3,550,000, underwritten with a 39.18% expense ratio. Based on the financial summary, an investor can expect to purchase the property at a 5.15% cap rate, with additional upside by filling the existing vacant space. The property is not subject to rent control. There are several value-add opportunities for a prospective investor, including: submetering and passing through utility costs (water/sewer) to tenants, bringing the additional space to market, and gradually increasing the quality of the housing stock by adding new park models and single wide homes. The property is well-located, right off the I-10 freeway, within walking distance of restaurants, shops and schools. Average home values in Rosemead are $682,500, having increased by 8.8% over the past year. Southern California has consistently ranked as one of the nation’s hottest housing markets and is expected to continue to increase.

Investment Highlights

  • 33-space mobile home community in Southern California: All tenant owned homes, Park is serviced by city water & sewer services, Property is NOT subject to rent control
  • Day-1 cash flow + value-add opportunity: Going in cap rate of 5.15%, Pro forma cap rate of 6.21%, Upside opportunities
  • Market Growth: Average home value in Rosemead is $682,830, Rosemead home values have risen by 8.8% over the past year, Park is right off the I-10 and within walking distance to restaurants and shops

Exclusively Listed By

Mobile Home Park

Rosemead Trailer Park

Listing Price: $3,500,000

Cap Rate
5.24%
Number of Spaces
33
Lot Size
0.92 acres
Occupancy
100.0%
Price/Space
$106,061
Spaces/Acre
35.87
Year Built
1946

Investment Highlights

  • 33-space mobile home community in Southern California: All tenant owned homes, Park is serviced by city water & sewer services, Property is NOT subject to rent control
  • Day-1 cash flow + value-add opportunity: Going in cap rate of 5.15%, Pro forma cap rate of 6.21%, Upside opportunities
  • Market Growth: Average home value in Rosemead is $682,830, Rosemead home values have risen by 8.8% over the past year, Park is right off the I-10 and within walking distance to restaurants and shops

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Rosemead Trailer Park, a thirty-three (33) space permitted manufactured housing community located at 9736 Valley Boulevard in Rosemead, CA. The property consists of thirty two (32) occupied tenant-owned spaces and one (1) future space for development. Amenities include an onsite laundry room, office and storage space. The property is on city water & sewer services. The park is listed at $3,550,000, underwritten with a 39.18% expense ratio. Based on the financial summary, an investor can expect to purchase the property at a 5.15% cap rate, with additional upside by filling the existing vacant space. The property is not subject to rent control. There are several value-add opportunities for a prospective investor, including: submetering and passing through utility costs (water/sewer) to tenants, bringing the additional space to market, and gradually increasing the quality of the housing stock by adding new park models and single wide homes. The property is well-located, right off the I-10 freeway, within walking distance of restaurants, shops and schools. Average home values in Rosemead are $682,500, having increased by 8.8% over the past year. Southern California has consistently ranked as one of the nation’s hottest housing markets and is expected to continue to increase.

Exclusively Listed By

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