Domenics MH Estates

Domenic's Mobile Estates is a 33-site mobile home community located in the unincorporated Los Angeles County portion of Palmdale, California.​ All tenants in the park are on month-to-month agreements and all sites are occupied by permanent residents.​ There is also a 1,800-square-foot single-family home that the manager currently occupies.​ Most of the sites are occupied by double-wide homes and the majority of other spaces can accommodate multi-sectional products.​ There is an on-site manager's office with a laundry and restroom.​ There is also a pool and a clubhouse with billiards, a kitchen, a bathroom, and a meeting room space.​ The property was built in 1970 and sits on 4.2 acres and has a density of 8 sites per acre.​

Domenic's is currently 100 percent occupied with all city-serviced utilities.​ The Gas & Electric are direct metered and the Water is sub-metered.​ Sewer & Trash are included in the rent.​ All billing is handled by Park Billing.​ The road surfaces are asphalt-sealed and they are wide and need an overlay, slurry coat, seal and stripe.​ There is no cement curbing or gutter and the drainage appears to be surface from north to south to the city street.​ The electrical system is direct with 100-amp services.​ There is a block wall perimeter fencing at varying heights.​

Currently, the park rents range from $373-401 per month, which is below market based on a rent survey of the area.​ However, Domenic's Mobile Home Estates is in the jurisdiction of the City of Palmdale Rent Control Ordinance.​ A copy of the ordinance is available on the website www.​cityofpalmdale.​org and a hotlink can be found on page 5.​

The park has minimal landscaping and the units themselves have small trees with a minimalistic and well-manicured look.​ All homes in the community have covered carports along with covered patios.​ There is ample guest parking at the front and rear of the park.​ The park has a laundry room near the front with 2 washers and 2 dryers owned by the operator.​ Adjacent to the laundry room and park office is the pool and clubhouse.​ Tenants have access to the clubhouse and recreational hall, which has a full bathroom along with a kitchen and an open meeting room with a pool table.​

The property is located in a residential neighborhood on the corner of East 30th and Avenue R.​ It sits next to the City of Palmdale WJ McAdam Memorial Park.​ Over the last 25 years, Palmdale has consistently ranked in the top 25 fastest-growing cities in the United States (based on percentage change).​ As of January 1, 2024, the population was estimated at 169,450 according to the 2024 census, making Palmdale the sixth largest city in Los Angeles County.​ For most of its existence, it has had a small population; however, it now is the largest "desert city" in California.​ With 104.59 square miles (271 km2) of land in its incorporated boundaries, the city is among the top 100 largest cities in the United States in terms of geographic area.​

The park is well-maintained and appealing to long-term residents.​ The Seller will carry primary financing with a favorable interest rate for a qualified buyer.​ This community offers ease of management and cash flow of $25,932 with a starting low-interest rate owner financing at 4%.​ Priced at a 3.66% Cap Rate, $54,941 per site with $4,103 per site (67.90%) in expenses, Domenic's Mobile Estates is a turnkey investment with current cash flow and long-term rental growth upside.​

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  All-Age Community with Full Amenity Package Including an On-Site Office, Laundry, Restroom, Pool & Clubhouse

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  33 Mobile Home Sites and One Three-Bedroom/1.75 Bath 1,800-Square-Foot Single Family Residence with a Double Car Garage

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  100 Percent Occupied. Month-to-Month Leases

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  No Park-Owned Home Rentals or Notes

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  Seller Financing for Qualified Buyer at 4% for the First Year

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  City Water | City Sewer

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  Direct-Metered Electric & Gas, Sub-Metered Water

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  Water, Sewer & Trash Included in Rent

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  4.02 Acres / 8 Sites Per Acre Density

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  Most Sites Accommodate Double-Wide Homes

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  17 Guest Parking Spaces

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  Storage Area for Vehicles or Equipment

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  The Road Surfaces Need Attention. An Overlay, Slurrycoat, Seal and Stripe Bid is in Process.