Polk Street

<span style="font-weight: bold">Canyon Crest Mobile Home Community</span> at <span style="font-weight: bold">2100 S Escondido Boulevard, Escondido, CA 92025</span> presents a rare opportunity to acquire a high-quality, all-age manufactured housing community in one of North San Diego County’s most supply-constrained markets.​ Situated on 18.84 acres, the property features 88 HCD-permitted mobile home sites with fee simple ownership, city water and sewer, and desirable community amenities including a pool, clubhouse/office, laundry facilities, and paved roads.​ The community is currently 87% occupied and includes 58 park-owned homes, plus significant upside through the infill and conversion of 29 previously or currently RV-occupied sites to new manufactured homes.​ This value-add strategy creates compelling income growth potential, with proforma NOI projected at approximately $1.33 million and an 8.67% proforma cap rate.​ Canyon Crest benefits from a strong Escondido location near major retail, employment centers, schools, and regional transportation corridors, while offering residents an affordable housing option in a market where home prices remain exceptionally high.​ With sub-metered gas and electric, tenant-paid utilities, and the ability to raise site rents to market upon POH to TOH conversion, this is an exceptional blend of in-place cash flow and future upside.​

<p><strong>To download the offering memorandum and financials, click View OM or Due Diligence.​ You will be prompted to sign a confidentiality agreement.​ Once completed, you will be able to immediately download the information.​ For any questions or concerns, please contact Andrew Balderrama.​</strong></p><p></p><p>The MHP Value Team is pleased to offer for sale Sea View Estates, a 222-site mobile home community located in Salton City, CA.​ Recently developed and upgraded, the community is scheduled for completion on January 1, 2027, with remaining work limited to the remodel and lease-up of 17 vacant park-owned homes and construction of a new pool and jacuzzi.​ Offers may be made contingent on the rent roll (see page 17 on the Offering Memorandum) and pool completion.​ The real estate is valued at $7.43M and the park-owned homes and mortgage notes at $5.07M; the seller prefers a package sale but will consider real estate-only offers.​ Closing is expected in early 2027.​</p><p></p><p>The property is served by public water and sewer, with master-metered electricity billed back to residents.​ The seller recently invested approximately $2M in a new transformer, new wiring throughout the park, and new pedestals and infrastructure.​ Water and sewer are not currently billed back, offering additional upside.​</p><p></p><p>Projected annual gross income is $1.93M with $1.11M in NOI.​ Average rent across occupied sites is approximately $554/m, keeping Sea View an affordable housing option: 64 lot-rent sites at $530/m, 48 park-owned homes at $545/m, and 17 rent-to-own homes at $670/m with taxes and insurance billed back.​ Ancillary income comes from six Airbnb units, a salon, an RV storage lot, and a separate section of individual storage units.​</p><p></p><p>The offering pairs new infrastructure with an attractive 8.9% cap basis.​ All vacant lots have pads and infrastructure already in place, allowing an investor to grow occupancy and income through infill rather than ground-up development.​ The MSA has experienced tremendous population growth and is expected to remain among the fastest-growing, driven by demand for affordability and the approval of regional lithium projects.​ The current owner, regarded as the godfather of Salton City for having built the majority of the community, was approached by the town to develop this property against an estimated 500-unit housing shortage</p><p></p><p><strong style="color: rgba(6, 34, 57, 1)">Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities.​ We appreciate your interest and enthusiasm.​ Please note that we work exclusively with qualified, verified buyers.​ Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment.​ We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.​</strong></p>

<p><strong style="color: rgba(0, 0, 0, 1)">Prime Infill Development Opportunity | Ontario, CA – Mission Blvd Corridor</strong></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">Positioned in the path of growth within Ontario’s rapidly expanding residential corridor, this ±4.42-acre infill site presents a rare opportunity to deliver a thoughtfully designed </span><strong style="color: rgba(0, 0, 0, 1)">cluster home / single-family community</strong><span style="color: rgba(0, 0, 0, 1)"> in a supply-constrained market.​</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">The property currently consists of multiple parcels, including an existing </span><strong style="color: rgba(0, 0, 0, 1)">15-space mobile home park</strong><span style="color: rgba(0, 0, 0, 1)">, offering a clear value-add redevelopment strategy.​ By retiring the current use and consolidating the usable footprint to approximately </span><strong style="color: rgba(0, 0, 0, 1)">4.4 net acres</strong><span style="color: rgba(0, 0, 0, 1)">, developers can unlock the full potential of the site and capitalize on strong end-user demand for attainable, low-maintenance housing product.​</span></p><p></p><p><span style="color: rgba(0, 0, 0, 1)">Strategically located just off </span><strong style="color: rgba(0, 0, 0, 1)">Mission Blvd</strong><span style="color: rgba(0, 0, 0, 1)">, the site benefits from immediate access to major transportation arteries including the I-10, I-15, and SR-60 freeways, placing it within minutes of key employment hubs such as Ontario International Airport, logistics/distribution centers, and the broader Inland Empire industrial base, one of the fastest-growing job markets in Southern California.​</span></p><p></p>

<p>Marcus & Millichap is pleased to exclusively present the opportunity to acquire Serenity Acres Mobile Home Park located at 24833 Railroad Avenue Santa Clarita, CA.​ The mobile home park is an all-age community and sits on a 1.99 acre parcel.​ The property consists of 28 mobile home sites (8 tenant-owned homes and 20 park-owned homes) and 6 single-story apartments consisting of one - studio/one bathroom unit, two - one bedroom/one bathroom units, one - two bedroom/one bathroom unit and two - three bedroom/two bathroom units.​ This diversified income stream provides a current 7.47% cap rate & 7.88% cash on cash return.​ The residents are directly-billed for gas and electricity and the water and trash are paid by the owner.​ The park is also serviced city water and sewer.​ The studio apartment may be non-conforming, buyer to verify.​</p><p>Situated in the Newhall submarket of the City of Santa Clarita, the asset benefits from strong regional connectivity via Interstate 5 and State Route 14, providing commuter access to the San Fernando Valley, Los Angeles, and the Antelope Valley.​ The Metrolink is located less than one-mile from the subject property and further enhances commuter appeal and access to broader employment nodes.​ Newhall’s “Old Town” district located one-half mile away is a recognized arts and entertainment hub that has experienced ongoing revitalization and reinvestment, supporting long-term neighborhood stability.​</p><p>The Santa Clarita Valley offers an established employment base supported by major regional anchors including Six Flags Magic Mountain, Henry Mayo Newhall Memorial Hospital, College of the Canyons, and Princess Cruises, among others.​ The area also benefits from growth in higher-wage industry clusters such as aerospace and defense manufacturing, supporting long-term housing demand.​ Demographically, within a five-mile radius of the property reflects an income-supported renter base, with median household income of near $143,723 and a population of approximately 182,599.​ Ongoing planning and infill development activity in and around Old Town Newhall, including specific plan initiatives and mixed-use/housing proposals—reinforce the City’s long-term commitment to walkability, Main Street activation, and additional housing delivery, supporting continued demand for affordable housing options within the submarket</p>

<p><span style="color: rgba(0, 0, 0, 1)">Space in the Shade Mobile Home Park is a stabilized, 50-space community offering consistent income in Waterford, California centrally located in the Modesto metropolitan area with direct access to Highway 99 and Interstate 5.​ The park comprises 41 mobile home spaces, 11 RV spaces, and one single-family home occupied by the on-site manager.​ The park holds a valid HCD permit for 49 mobile home spaces and is 100% occupied.​ A $40/month rent increase took effect July 2026, providing immediate income upside from day one of ownership.​ City Annexation Recently Approved.​ In May 2026, the Stanislaus Local Agency Formation Commission (LAFCO) approved LAFCO Application No.​ 2026-02 the Fahmy Annexation bringing 43.27 acres at the northeast intersection of North Eucalyptus Avenue and Yosemite Boulevard (State Highway 132) into the City of Waterford.​ The annexation includes the Space in the Shade MHP parcel and adjacent lands.​ Development Potential Significant Value-Add Opportunity.​ Annexation into the City of Waterford is a transformative event for this parcel.​ City incorporation transfers zoning authority from Stanislaus County to the City of Waterford, unlocking access to urban land use designations and municipal entitlement pathways that are unavailable to unincorporated county land.​ For a patient or development-oriented buyer, this creates a dual-asset opportunity: the park generates stable, 100%-occupied cash flow at a 5.31% cap rate today, while the newly incorporated 6.13-acre Yosemite Boulevard parcel adjacent to schools, positioned on a state highway corridor, and now within city limits carries meaningful long-term residential or mixed-use redevelopment potential.​ Waterford's Yosemite Boulevard Corridor Study (2023) identified this stretch of SR-132 as a priority area for future growth, further supporting the case for land value appreciation above and beyond the park's income value.​ Buyers seeking both current yield and a future development optionality play will find this combination rare in the Central Valley market.​</span></p>

<p>This planned community includes 142 residential units designed for modern living.​ Amenities are proposed to include a recreation center, pool, and five parks, creating a well-rounded neighborhood environment.​ Ideally situated directly across from Hemet Golf Club and just south of California State Route 74, the location offers convenient access while enjoying a scenic and established setting.​ No entitlements have been submitted to the county and all plans are conceptual only.​ Mobile home parks are allowed with a C.​U.​P.​</p><p>Situated at the intersection of California Avenue and Lyn Avenue in Hemet, CA, this roughly 25.70-acre parcel occupies a prime location just outside downtown Hemet.​ It sits directly across from Hemet Golf Club and is less than one mile south of Highway 74, providing convenient connectivity to the broader Riverside region.​</p><p><br></p>