17800 LANGLOIS RD Dsrt Hot Spgs CA 92241-9415

Marcus & Millichap is pleased to present the Sparkling Waters MHP, a peaceful, age-restricted (55+) manufactured home and RV community located at 17800 Langlois Road in Desert Hot Springs, California. Spanning approximately 14.76 acres, the park is permitted for eighty-five (85) HCD-approved manufactured home sites and is currently comprised of sixty-two (62) occupied MH sites, one (1) vacant MH site, thirteen (13) RV sites, and ten (10) vacant RV sites, offering meaningful infill and rent growth potential. Situated on 9.34 acres with 5.42 acres of adjacent land (3 commercially zoned parcels), the community provides a spacious, well-laid-out environment that appeals to long-term residents seeking a quiet desert lifestyle.

Sparkling Waters is serviced by city water and an on-site septic system and features desirable resident amenities including an on-site pool and spa, laundry facilities, and shuffleboard courts. The park also offers an attractive assumable loan of approximately $2.8 million at a 2.99 percent interest rate, maturing in 2030. Average rents are approximately $600 per month, with gross income projected to be ~$550,401 and expenses underwritten at an estimated 52.40 percent expense ratio. The property is subject to Riverside County Rent Control Ordinance: 100% CPI and no Vacancy Control. Based on current underwriting, the property is projected to deliver an incoming cap rate of approximately 5.04 percent, positioning Sparkling Waters as a stable, income-producing asset with upside through vacancy absorption and operational efficiencies.

Sparkling Waters presents a secure investment and a rare opportunity to acquire an 55+ resort with significant upside. Please contact the listing brokers with any inquiries and access to a full Due Diligence Portal.

• High-Quality 55+ Manufactured Housing Community in Southern California

• 85 HCD Permitted Mh Sites & 1 Unpermitted Mh Site w/ Infill Opportunity

• Comprised of 62 MH Sites | 1 vacant MH Site | 13 RV Sites | 10 Vacant RV Sites

• Approximately $2.8M Assumable Debt at 2.99% Interest Through 2030

• 100% Tenant Owned Homes With Direct-Billed Gas & Electric

• Average Rents Apprixiamtely $600 per Month with Upside Potential

• Projected Gross Income of ~$550,401 with ~52.40% Expense Ratio

• Incoming Cap Rate Approximately 5.04%

• Resort Style Amenities Including Pool, Spa, Clubhouse, and Recreation Areas

• City Water & Septic-Served, Well-Maintained and Landscaped Community