8200 Cherry Ave
About the property
Mobile Hacienda Park is a 51-site, all-age manufactured housing community located in Fontana, CA — positioned in the core of the Inland Empire, one of the strongest and most supply-constrained housing markets in Southern California. Situated on approximately 4.55 acres, the property is fully occupied and operates as a tenant-owned home (TOH) community, providing stable, low-maintenance cash flow with no exposure to park-owned home CapEx.
The asset currently generates $329,251 in NOI (5.73% cap rate) with a clear and achievable path to $343,990 (5.98% cap) through operational improvements. In-place rents — primarily ranging in the high $700s to low $800s — remain below what the market can support, particularly given the continued rise in regional housing costs and the lack of affordable alternatives throughout the Inland Empire.
Offered at $5,500,000, Mobile Hacienda Park presents a rare opportunity to acquire a stabilized manufactured housing community in the heart of Fontana, California. With strong occupancy, immediate cash flow, and no local rent control, investors benefit from the ability to implement measured rent growth and operational efficiencies over time.
Strategically located along the I-10 corridor, the property provides convenient access to major employers, logistics hubs, retail centers, and healthcare facilities throughout the Inland Empire. Fontana remains one of Southern California's fastest-growing markets, supported by strong population growth, expanding employment opportunities, and a persistent shortage of affordable housing.
With limited new mobile home park development and durable demand for affordable housing, Mobile Hacienda Park offers investors a stable income stream, long-term appreciation potential, and the opportunity to organically increase NOI in a highly desirable Southern California market.
Investment Highlights
- 51 Units | All-Ages
- 100% Occupancy
- PG&E Conversion Program Completed
- Below-market rents
- In-Place Cash Flow - $329K in current NOI with a path to $344K+ through achievable rent increases and operational efficiencies
- City Water
- All Tenant-Owned Homes (TOH)
- Direct access to major employment drivers including Amazon, Target, UPS, and Kaiser Permanente
- Stable in-place income
- Rent growth potential
- Efficient utility structure
- Strong market fundamentals
- Value-add opportunities
- Expansion or infill potential
- High demand asset class
- Limited local competition
- Resilient cash flow profile
- Expense optimization potential
- Stable tenant base
- Flexible hold strategy
- Favorable demographics
- NOI growth opportunities
- Defensive market performance
- Long-term income stability
Offering Memorandum
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