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6150 - 6152 E Avenue T - Joshua View Mobile Home Park, Palmdale, CA
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6150 - 6152 E Avenue T - Joshua View Mobile Home Park
Palmdale, CA 93552-6006 - Outlying LA County MF Submarket
Number of Units:
9.09 AC (395,960 SF)
For Sale Price:
Property Description: Mobile Home Park
Property Use Description: Mobile Home Park
**Property tour will be available Friday, October 14th from 1:00pm - 5:00pm local time. Contact the listing broker to RSVP. **
• Two-Star, All Age Community; Built on 1982 on 4.45 Acres
• 16.17 Sites Per Acre, 71 Sites, 1 Bedroom Apt with 4 Sites for Future Expansion
• 4.64 Acres of Vacant Land (4, R-1, 1.6 acre lots) for Expansion
• 72 Occupied Sites, Including Apt (#72). No Park Owned Homes. HCD Permitted for 76 Sites. Expired Permits to add 4 Sites
• Sub-metered City Water, Direct Electric. Sub-metered Natural Gas
• New Septic and Leach Field, Engineered Drawings Available
• Water Well On Site for Irrigation
Joshua View Mobile Home Park is a 71-site community with a one bedroom apartment, four permitted expansion sites and 4.64 acres of adjoining vacant land zoned R-1. The park was built in 1982 and the 72 total sites sit on 4.45 acres (HCD permitted for 76 sites - 16.17 site per acre density). The park fronts avenue T and 62nd street traverses the eastern boundary of the entire 9.09 acres. The 71 finished sites are 100% occupied and there are no park owned homes. There are 13 Lease to Own contracts and one vacant mobile home for sale. The Lease to Own contracts and vacant mobile home are owned and the responsibility of a 3rd party private lender.
The property has city water and is sub-metered to each site. The residents are billed for their usage. There is an existing well on the vacant 4.64-acre site, which is operable but inactive. This well may be used for landscaping and fire suppression. The electrical system is new and was installed to SCE standards. Each site has 100 Amp service and the residents are billed directly by SCE. There is natural gas sub-metered to the sites. The septic system, sump pump, leach fields and seepage pit system is new and the engineered plans for both the septic system and electrical system are available.
The park has a history of high occupancy and there is demand for affordable housing in the area. The park is under the Palmdale City Rent Control Ordinance and there is an existing legal action in the settlement phase with the Residents and the Seller has settled the litigation with the City Rent Control Board. A summary of litigation history is available upon request and the Dismissal, Settlement and MOU is included in the package.
Joshua View Mobile Home Park has repositioning/renovation upside as well as future expansion possibilities. A hands-on operator can make a difference in the operation and capitalization on the demand for the location through renovation, expansion and leadership.
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Marcus & Millichap
Douglas A Danny
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