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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%