Description
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.
Listing Details
- Cap Rate
4.49%
- Space Type
multifamily
- Sub Category
rv-park
- Date Listed
3/27/2026
- Ownership Info
Fee Simple
- Broker/Agent Co-op
Yes
- Investment Type
Value Add
- Net Operating Income
$53,858
Property Specifics
- Property Name
Foothills Estates MHP
- Property Class
C
- No of Units
86
- Year Built
1970
- Lot Size
8.86 Ac
- APN
0537-121-17-0000
- Occupancy
25%



