Skip to main content

Mobile Home Park

Ridgecrest Town & Country Mobile Home Park

1599 N Norma Street, Ridgecrest, CA 93555

Listing Price: $4,130,000

Cap Rate
6.00%
Number of Spaces
80
Lot Size
8.50 acres
Occupancy
78.0%
Price/Space
$51,625
Spaces/Acre
9.41
Year Built
1970

Investment Overview

The city of Ridgecrest is a largely “company oriented” community, big enough to provide plenty of public and private schools, shopping, health care, and recreation. As the only incorporated community in the Indian Wells Valley, Ridgecrest boasts a thriving economy and robust population. Ridgecrest acts as the shopping and business center for northeastern Kern County. Ridgecrest is easily accessible to the rest of Southern California, making it an ideal location for industry. Naval Air Weapons Station China Lake is the US Navy’s largest single landholding, representing 85% of the Navy’s land for weapons and armaments research, development, acquisition, testing and evaluation. The 19,600 square miles of restricted and controlled airspace at China Lake makes up 12 percent of California’s total airspace. The city is surrounded by four mountain ranges; the Sierra Nevada on the west, the Cosos on the north, the Argus Range on the east, and the El Paso Mountains on the south. Private air travel in and out of the city is provided through the Inyokern Airport.

Investment Highlights

  • Vacancy upside
  • All age community
  • Non-rent control market
  • Direct billing for gas & electric
  • First time on the market in 15 years
  • Serviced by city water & sewer
  • Household income exceeds $79,000 within a five-mile radius
  • Ridgecrest Regional Hospital is less than a mile from the subject property, 150 bed general medical and surgical hospital

Exclusively Listed By

Mobile Home Park

Ridgecrest Town & Country Mobile Home Park

Listing Price: $4,130,000

Cap Rate
6.00%
Number of Spaces
80
Lot Size
8.50 acres
Occupancy
78.0%
Price/Space
$51,625
Spaces/Acre
9.41
Year Built
1970

Investment Highlights

  • Vacancy upside
  • All age community
  • Non-rent control market
  • Direct billing for gas & electric
  • First time on the market in 15 years
  • Serviced by city water & sewer
  • Household income exceeds $79,000 within a five-mile radius
  • Ridgecrest Regional Hospital is less than a mile from the subject property, 150 bed general medical and surgical hospital

Investment Overview

The city of Ridgecrest is a largely “company oriented” community, big enough to provide plenty of public and private schools, shopping, health care, and recreation. As the only incorporated community in the Indian Wells Valley, Ridgecrest boasts a thriving economy and robust population. Ridgecrest acts as the shopping and business center for northeastern Kern County. Ridgecrest is easily accessible to the rest of Southern California, making it an ideal location for industry. Naval Air Weapons Station China Lake is the US Navy’s largest single landholding, representing 85% of the Navy’s land for weapons and armaments research, development, acquisition, testing and evaluation. The 19,600 square miles of restricted and controlled airspace at China Lake makes up 12 percent of California’s total airspace. The city is surrounded by four mountain ranges; the Sierra Nevada on the west, the Cosos on the north, the Argus Range on the east, and the El Paso Mountains on the south. Private air travel in and out of the city is provided through the Inyokern Airport.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower