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29389086
29389105

750 Rohnert Park Expy, Rohnert Park, CA 94928

SD
CO 100082690
MHP Brokerage
Listed by MHP Brokerage
Unpriced
130 days on market
Updated 129 days ago

Rancho Verde MHC

Details
Property Type Mobile Home Park
Pads 300
Occupancy 100%
Year Built 1972
Acreage 41.400

Mobile Home Park | 300 Pads

Marketing description

MHP Brokerage is pleased to be retained as the exclusive listing agent for Rancho Verde Mobile Home Community, a 5-star, 300-space property located in the highly desirable city of Rohnert Park, California. This offering represents a once-in-a-lifetime acquisition opportunity in one of California’s most sought-after markets. Rancho Verde MHC is a stabilized, institutional-quality community that provides investors with strong in-place cash flow, consistent occupancy, and exceptional long-term appreciation potential. Positioned in the heart of Sonoma County’s dynamic housing market just north of San Francisco, Rancho Verde combines operational stability with rare long-term upside, making it a premier investment for both private and institutional buyers seeking durable, inflation-resistant returns.

The unique opportunity that is included in purchasing Rancho Verde MHC is that each lot is subdivided within the community. The lots can be sold to tenants or to investors at a fixed price determined by the future owner. This community was grandfathered into this program before the enactment of CA Government Code 66427.5, which enables many more restrictions around subdivided communities. This community is on a land lease. The option to purchase the land is available through February of 2057. The amount to purchase the land is $65,000, which is a huge upside opportunity for the buyer, given the property tax reassessment upon purchase of the property. The owner of the community will give the purchaser of this community a credit at closing for the purchase price of the land. Additionally, the owner has maintained this community thoroughly, and there will be no deferred maintenance upon the sale. This community truly shows and represents the definition of pride of ownership.

Investment highlights

Immaculate 5-star community in Rohnert Park, CA
300-site trophy community
Best-in-class scale and amenities for the sub-market
On a land lease with an option to purchase the land
– The option price for the land to be deducted from the purchase price
Rancho Verde MHC is a subdivided community allowing rent control exemption for tenants that do not quality as low income households
– The owner estimates about 40% of the tenants currently do not qualify as low income households
– With the ability to take those tenants to market rents over 4 years, monthly gross income can improve significantly
– Please refer to the state ordinance provided at the end of the brochure
Market rent: $1,500
Ground lease purchase option amount is for $65,000 through 2057
– The owner will give the buyer a credit for the purchase option price at closing
There is no monthly payment on the ground lease
– The owner is subject to pay property taxes – refer to P&L
Since the sale will be solely the ground lease interest, and the option to purchase property taxes will not be reassessed after closing per the owner
Seller is willing to seller finance
Rent Control: 75% CPI, 4% Cap
Click here to view the Rohnert Park Rent Control Ordinance

Listing Contacts

SD
CO 100082690
MHP Brokerage
Listed by MHP Brokerage

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