Marcus & Millichap is pleased to exclusively present El Rancho Estates Mobile Home Park in the city of Blythe, California. El Rancho Estates is an all-age mobile home community that sits on 15.31 acres and consists of 109 mobile home spaces with double-wide spaces. The property includes a clubhouse with a park office, recreation area, gym equipment, kitchen, public restrooms, and swimming pool. There is also a designated RV storage area located on the property. The property features a controlled access front gate, with a concrete and fenced perimeter. Utilities are direct billed for gas and electricity, sub-metered for water, and a flat rate expense to residents for sewer and trash. There are 11 park-owned homes as well as notes on 3 additional homes, which will be transferred to the buyer at the close of escrow. The homes at the park have covered parking, curbing and are less than 15 years old. El Rancho Estates also has Interstate 10 freeway frontage, and easily accessible via Interstate 10. There is also ample guest parking available.

El Rancho Estates gives an investor a value-added opportunity with tremendous upside potential (Proforma 10.8% cap rate at 85% occupancy). With a down payment of $1,000,000, the seller will carry a first deed of trust at 4% interest only, due in 5 years. The new owner will have a 7% cash on cash return even at its current occupancy of 50%.