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Foothills Estates MHP

37130 Calico Blvd, Yermo, CA 92398
Available Now
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FOR SALEMultifamily / Rv Park
Cap Rate
4.49%
NOI
$53,858
APN
0537-121-17-0000
Lot Size
8.86Ac
Year Built
1970
Occupancy
25%
Listing Contacts
Vice President & Partner

More property details

Currently Leased
No
Investment
Value Add
Broker Co-op
Yes
Property Class
C
Units
86
Ownership
Fee Simple

Location

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Foothills Estates MHP
About the location

Marcus & Millichap presents Foothill Estates Mobile Home Park, located at 37130 Calico Boulevard in Yermo, California, an all-ages community set on approximately 8.86 acres in the Mojave Desert and permitted for 84 HCD-approved manufactured home sites. The property currently includes 11 tenant-owned homes, 10 park-owned homes, 27 vacant park-owned homes, 36 vacant lots, one RV site, and an on-site office/manager’s unit, offering significant infill potential and immediate upside through lease-up and occupancy stabilization. With a site density of 9.48 sites per acre, the layout is efficient while still providing an affordable desert living environment. Utilities are supported by well water and an on-site septic system, contributing to predictable operating costs. Offered at approximately $13,953 per site, Foothill Estates represents an attractive entry point into the high-desert market with strong value-add potential through rent growth, improved occupancy, and ongoing operational enhancements.

Foothills Estates MHP
multifamily · United States · CA