Canyon Crest MHC

This rare investment opportunity features a high-quality, all-age manufactured home community located in Escondido, California, within desirable San Diego County. The property consists of 88 HCD-permitted MH sites spread across 18.84 acres, providing a low density of approximately 4.67 sites per acre. Currently operating at or near 100% occupancy, the community is served by city water and sewer and features sub-metered gas and electric utilities. The sale includes 58 park-owned homes (POHs), with all sites designed and permitted to accommodate manufactured homes.

An immediate value-add opportunity exists for the incoming buyer to replace the 29 RV-occupied sites with new manufactured homes, potentially generating an additional $635,100 in annual income. The property benefits from underlying residential zoning, offering long-term redevelopment potential for multi-family or single-family residential use.

Community amenities include a swimming pool, clubhouse/office, and laundry facilities, all within a well-maintained and landscaped environment. Ideally located in a high-demand, low-velocity market, this asset is centrally positioned with convenient access to all major San Diego and Southern California tourist destinations. As of 2025, the average home price in Escondido is approximately $900,000, further highlighting the strength of this infill location and the long-term value of the property.