Baker Mobile Home Park
Majority Tenant Owned | City Utilities | Assumable Second Lien Note
Marketing description
TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT HARRY GREWAL WITH ANY QUESTIONS [email protected] OR CALL 424-249-5469
The MHP Value Team is pleased to offer for sale Baker Mobile Home Park, a 73-site mobile home community located in Baker, California.
The community consists of 41 tenant-owned homes at $390/m, 1 occupied park-owned home at $850/m, 3 occupied apartments at $767/m, and 1 occupied commercial unit (smog shop) at $450/m. The property has 4 transient RV spots in the front of the park, generating ~$800/m. There are also 22 vacant sites and 1 vacant apartment. All utilities are billed back to the tenant (city water/sewer), creating an efficient and low-expense operation with stable in-place cash flow.
Current rents are approximately $75 below market, providing a clear path for future revenue growth. A new investor has the opportunity to gradually increase rents to market levels and infill additional homes/sites to increase occupancy and NOI further. The investment strategy for this community involves increasing rents to market rates, and utilizing the park’s infill potential to maximize long-term value.
A new investor has the opportunity to acquire a cash-flowing mobile home community with favorable seller financing terms, as the Seller is willing to carry a $500,000 note for qualified buyers.
Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.
Investment highlights
- Majority Tenant-Owned Homes offering stable, consistent cash flow, and ease of management
- Infill opportunity with 22 vacant lots and 1 vacant studio, full infrastructure aready in place
- 309k Income and 185k NOI results in an in place cap rate of 8%
- 20 more additional mobile home lots can be added to bring total to 92 (permitting is done already)
- Minimal down payment due to a $500k assumable second lien note at 6% w/ ~11.5 years remaining on the note
- Immediate upside with rents $75 below market rents
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?


































