20340 Harvard Blvd - Manufactured Housing/Mobile Housing FOR SALE


Torrance, CA 90501- Harbor
$3,390,000 USD
818-517-0845
20340 Harvard Blvd, Torrance, CA for Sale
$3,390,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/16
null | 6.65% Cap Rate

20340 Harvard Blvd
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • 34-unit mobile home park with 1,750 SF grocery market
  • 3 park-owned mobile homes included in rent roll
  • Strong in-place cash flow: 6.65% CAP rate on current income
  • On-site laundry room and additional retail income
  • Large 80,548 SF lot (nearly 2 acres) with RD1.5 zoning
  • 100 parking spaces: 2 assigned per mobile home + 32 open spaces

OVERVIEW

Realty Investment Advisors is pleased to present 20340 Harvard Blvd, a rare opportunity to acquire a stabilized, cash-flowing 34-unit mobile home park with an additional 1,750 SF grocery market. Strategically located in Torrance PO within the City of Los Angeles, the property is well-positioned to deliver both immediate returns and long-term growth. Currently generating a 6.65% CAP rate on in-place income, the property provides strong existing cash flow, with significant upside potential through rent growth and repositioning. A pro forma 9.07% CAP rate and 7.74 GRM highlight the investment’s scalability and attractive returns once optimized. The community is comprised of 34 mobile home spaces, of which 3 are park-owned, providing additional income security and operational flexibility. The asset sits on a sprawling 80,548 SF lot (nearly 2 acres) zoned RD1.5, offering substantial future redevelopment potential in one of the South Bay’s most desirable rental submarkets. With 100 total parking spaces—including 2 assigned spaces per mobile home plus 32 open spaces—the property is well-designed to accommodate residents and guests alike. Additional on-site amenities include a laundry room for resident convenience and the grocery market, which provides extra income and enhances the community environment.

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$1,937 USD /SF

# OF UNITS

35

PRICE/UNIT

$96,857

CAP RATE

6.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ABC Wishing Well Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,548 SF

ZONING

RD1.5

APN/PARCEL ID

7351-017-020,7351-017-021

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.