801 S Halcyon Rd

Arroyo Grande, CA 93420
Sold
$4,500,000
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$4,500,000
801 S Halcyon Rd, Arroyo Grande, CA 93420
Units
48

About the property

CRI Brokerage represented the buyer in the off-market acquisition of KenMar Gardens, a 48-unit all-age manufactured housing community plus a single-family home in Arroyo Grande, San Luis Obispo County, California.

The property sold for $4,500,000 to an all-cash buyer and closed in November 2026. The community sits on California’s Central Coast, has completed its utility conversion and is on city sewer. The water system is being moved from a private well to city water.

Thinking about selling your community? CRI works with all-cash and 1031 buyers who are actively looking for parks. Contact us for a confidential valuation.

Investment Highlights

  • 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
Units
48

Thinking About Selling?

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Pierce Brazil
Pierce Brazil
Senior Investment Associate
[email protected](949) 335.5931

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Financial Performance

The market remains strong, with high demand and low inventory. Whether you're just exploring or ready to sell, the right insights can help you move forward with confidence.

NOI (Pro Forma)

69%

Cap Rate

6%