Skip to main content

Mobile Home Park

Melody Lane & Mountain View Mobile Home Park

12688, 12726 California St, Yucaipa, CA 92399

Listing Price: $5,150,000

Cap Rate
5.19%
Number of Spaces
110
Lot Size
7.64 acres
Occupancy
97.0%
Price/Space
$46,818
Spaces/Acre
14.40
Year Built
1971

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Melody Lane and Mountain View Mobile Home Parks, located at 12688 & 12726 California Street in the city of Yucaipa. Built in 1971, the mobile home parks sit on four separate contiguous parcels with a total of 7.64 acres of land in a quiet suburban neighborhood, less than two miles from Downtown Yucaipa. Melody Lane Mobile Home Park is an all-age community that features 32 sites, one two-bedroom house, and two additional parcels of land for parking and/or future development on a total of 3.25 acres of land. This mobile home park has a site density of 10.15. The house is single story, has a pitched roof, fireplace, double-car garage with private driveway, and a yard. Tenants also enjoy on-site laundry and a clubhouse. Gas and electricity are directly-billed and all other utilities are sub-metered. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. The next possible rent increase is January 2023. Mountain View Mobile Home Estates is an all-age community that consists of 77 sites. With a site density of 10.72, this park features an on-site laundry room, community swimming pool, and clubhouse with a kitchen, which is currently being used as a manager’s office. The park has recently been repaved in April 2022, and utility meters have been replaced in July 2022. Gas and electricity are directly-billed and all other utilities are sub-metered. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. The next possible rent increase is January 2023. Yucaipa is a mature, well-established community nestled in the foothills of the San Bernardino Mountains. Residents enjoy cleaner air and cooler temperatures as a result of the higher elevations, and a comprehensive approach to community safety has produced one of the lowest rates of crime for comparably sized cities anywhere in the State. Yucaipa’s community assets include its many schools, parks, faith-based organizations, civic groups, and other organizations that make a positive contribution to community life. The Yucaipa planning commission recently approved several new development projects including a new retail store, single residential homes, new condos, as well as a new housing development.

Investment Highlights

  • Opportunity to Reposition Asset & Purchase Homes to Rent at Much Higher Rental Rates
  • All City Services
  • Centrally Located Within City of Yucaipa
  • On-site Laundry Facility & Clubhouse
  • Excess Land for Parking and/or Future Development

Exclusively Listed By

Financing By

Mobile Home Park

Melody Lane & Mountain View Mobile Home Park

Listing Price: $5,150,000

Cap Rate
5.19%
Number of Spaces
110
Lot Size
7.64 acres
Occupancy
97.0%
Price/Space
$46,818
Spaces/Acre
14.40
Year Built
1971

Investment Highlights

  • Opportunity to Reposition Asset & Purchase Homes to Rent at Much Higher Rental Rates
  • All City Services
  • Centrally Located Within City of Yucaipa
  • On-site Laundry Facility & Clubhouse
  • Excess Land for Parking and/or Future Development

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Melody Lane and Mountain View Mobile Home Parks, located at 12688 & 12726 California Street in the city of Yucaipa. Built in 1971, the mobile home parks sit on four separate contiguous parcels with a total of 7.64 acres of land in a quiet suburban neighborhood, less than two miles from Downtown Yucaipa. Melody Lane Mobile Home Park is an all-age community that features 32 sites, one two-bedroom house, and two additional parcels of land for parking and/or future development on a total of 3.25 acres of land. This mobile home park has a site density of 10.15. The house is single story, has a pitched roof, fireplace, double-car garage with private driveway, and a yard. Tenants also enjoy on-site laundry and a clubhouse. Gas and electricity are directly-billed and all other utilities are sub-metered. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. The next possible rent increase is January 2023. Mountain View Mobile Home Estates is an all-age community that consists of 77 sites. With a site density of 10.72, this park features an on-site laundry room, community swimming pool, and clubhouse with a kitchen, which is currently being used as a manager’s office. The park has recently been repaved in April 2022, and utility meters have been replaced in July 2022. Gas and electricity are directly-billed and all other utilities are sub-metered. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. The next possible rent increase is January 2023. Yucaipa is a mature, well-established community nestled in the foothills of the San Bernardino Mountains. Residents enjoy cleaner air and cooler temperatures as a result of the higher elevations, and a comprehensive approach to community safety has produced one of the lowest rates of crime for comparably sized cities anywhere in the State. Yucaipa’s community assets include its many schools, parks, faith-based organizations, civic groups, and other organizations that make a positive contribution to community life. The Yucaipa planning commission recently approved several new development projects including a new retail store, single residential homes, new condos, as well as a new housing development.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower