1840 S 7th St, San Jose, CA 95112

Northmarq is pleased to present the opportunity to acquire Mayfair Trailer Park, located at 1840 South 7th Street in San Jose, California. The community consists of 54 sites situated on ±2.41 acres and is fully served by city water and sewer. Utilities are billed back to residents, supporting predictable operating margins and limited infrastructure related risk. The property is comprised mostly travel trailers and includes a stick built single family residence currently occupied by on site management. Mayfair Trailer Park is offered at a purchase price of $5,900,000, reflecting an in place cap rate of 6.38% and a year one pro forma cap rate of approximately 6.67%, with the pro forma assuming the maximum allowable 3% annual rent increase under the current rent control framework. The asset offers stable, long term cash flow in an infill location characterized by high barriers to entry and limited new supply. San Jose is the economic center of Silicon Valley and one of the most supply constrained housing markets in the United States. Strong employment fundamentals, high median incomes, and limited developable land continue to support long term demand for affordable housing options, positioning Mayfair Trailer Park as a durable, income oriented investment within Santa Clara County.