Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

ManufacturedHome

Bedrooms

51

Building size

1,000 sqft

Lot size

198,084 sqft

Year built

1952

Stories

1

Garage spaces

0

Pool

Private

Status

Active

Days on market

1

MLS #

246005112

About this property

Mobile Hacienda Park at 8200 Cherry Ave, Fontana, CA 92335 is a 100% occupied, all-age manufactured housing community in the highly supply-constrained Inland Empire - 50 mobile home spaces plus a manager's single-family residence on ±4.55 acres along the Cherry Avenue/I-10 corridor, with convenient access to I-10, I-210, I-15, and major employers including Amazon, Target, UPS, and Kaiser Permanente. New park supply in Southern California is effectively zero, making existing communities functionally irreplaceable. All homes are tenant-owned: residents maintain their homes while the park collects lot rent and structurally lower expenses, capital requirements, and turnover than conventional multifamily, with long resident tenure and stable collections across cycles. Amenities include a pool, laundry facilities, paved interior streets, and mature trees. This fee-simple asset delivers immediate cash flow: in-place NOI of $349,134 (6.35% cap) with pro forma NOI of $370,280 (6.73% cap). Lot rents average $851 per month, below submarket levels, with yield growth through organic rent increases alone, no capital program required. Potential density expansion to as many as 90 spaces (buyer to verify) offers additional upside. Continued employment growth in the corridor and a persistent shortage of attainable housing underpin durable demand in one of Southern California's most resilient affordable housing sectors.

Location

8200 Cherry Avenue

Unincorporated, San Bernardino, CA, 92335