Ramona Estates
55+ Mobile Home Park San Diego County
Marketing description
Canyon Ridge Estates, A 55+ MH and RV park comprises 33 spaces, with 18 permitted for mobile homes (MH) and 15 permitted for recreational vehicles (RVs). Of the 18 MH spaces 11 are doublewide homes and 7 are singlewide homes. 13 of the RV spaces are occupied by park owned park model homes, 2 of the RV spaces are occupied by tenant owned RV’s.
A brand new asphalt slurry was just completed in the first week of May, 2025. Additionally, the property features 2 acres of Malbec, Zinfandel, and Chardonnay grapevines, enhancing the rural beauty and charm of the community.
The current space rents ranging from $910 to $1,125 reflect a March 1, 2025 increase. Rent for the park owned homes is separately billed and ranges from $40 per month to only $200 per month. These are incredibly low rates when compared to comparable apartment rents in Ramona that range from $1900 to over $2500. Tenants are billed or submetered for Electric, Gas, Water and Trash Service. Sewer is not charged to the tenants.
Investment highlights
The park offers secondary income opportunities, including charging tenants for trash and sewer utilities, which are not currently fully recaptured. Additional revenue streams include renting a 20x30 contractor garage and two individual garages adjacent to the park office, providing attractive options for storage or small business use.
Park Models are priced at $66,500 per. Recent in park sales and surrounding park sales are $125,000 and above. A new owner has the opportunity sell the park model homes and great reduce their basis or begin pushing rents toward true market levels.
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