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Mobile Home Park

Skyline Village, Melody Lane & Mountain View Mobile Home Park

12650, 12688, 12726 California St, Yucaipa, CA 92399

Listing Price: $9,650,000

Cap Rate
4.08%
Number of Spaces
187
Lot Size
17.17 acres
Occupancy
100.0%
Price/Space
$51,604
Spaces/Acre
10.89
Year Built
1953

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire Skyline Village, Melody Lane, and Mountain View Mobile Home Parks, located on 12650, 12688, 12725 California Street respectively in the city of Yucaipa. Built in 1953, the parks sit on three separate contiguous parcels with a total of 17.17 acres (747,925 sf) of land in a quiet suburban neighborhood, less than two miles from Downtown Yucaipa. Skyline Village Mobile Home Park is a senior community featuring 77 sites built on 7.49 acres of land. The homes are a mix of travel trailers, single wide, and double wide spaces. There are three Park Owned Homes. Amenities include an on-site laundry room and a clubhouse for entertainment. 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. There are three Park Owned Homes. 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. Mountain View Mobile Home Estates is an all-age community that consists of 77 sites with 11 Park Owned Homes. The 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 properties are sub-metered for electricity, gas, city water, sewer, and trash. All sub-metered services are handled by a local meter-reading and billing company. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. 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 Utilities Sub-Metered
  • Centrally Located Within City of Yucaipa
  • On-site Laundry Facility & Clubhouse
  • Excess Land for Parking and/or Future Development

Exclusively Listed By

Mobile Home Park

Skyline Village, Melody Lane & Mountain View Mobile Home Park

Listing Price: $9,650,000

Cap Rate
4.08%
Number of Spaces
187
Lot Size
17.17 acres
Occupancy
100.0%
Price/Space
$51,604
Spaces/Acre
10.89
Year Built
1953

Investment Highlights

  • Opportunity to Reposition Asset & Purchase Homes to Rent at Much Higher Rental Rates
  • All Utilities Sub-Metered
  • 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 Skyline Village, Melody Lane, and Mountain View Mobile Home Parks, located on 12650, 12688, 12725 California Street respectively in the city of Yucaipa. Built in 1953, the parks sit on three separate contiguous parcels with a total of 17.17 acres (747,925 sf) of land in a quiet suburban neighborhood, less than two miles from Downtown Yucaipa. Skyline Village Mobile Home Park is a senior community featuring 77 sites built on 7.49 acres of land. The homes are a mix of travel trailers, single wide, and double wide spaces. There are three Park Owned Homes. Amenities include an on-site laundry room and a clubhouse for entertainment. 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. There are three Park Owned Homes. 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. Mountain View Mobile Home Estates is an all-age community that consists of 77 sites with 11 Park Owned Homes. The 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 properties are sub-metered for electricity, gas, city water, sewer, and trash. All sub-metered services are handled by a local meter-reading and billing company. The property is subject to the city of Yucaipa's Rent Stabilization Ordinance. 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

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