1377 Arlington Rd
About the property
CRI Brokerage is pleased to present an Arlington Heights MHP is a 39-unit, all-age manufactured housing community located at 1377 Arlington Road in Taylorsville, within the scenic Sierra Nevada foothills of Plumas County. Situated on approximately 5.08 acres, the property features a desirable tenant-owned home (TOH) structure, including 25 TOH units, 4 park-owned homes (POH), and 39 total sites, with 10 vacant sites ready for infill. Originally built in 1970, the community offers stable in-place cash flow alongside clear operational upside.
Offered at $999,000 ($25,615 per space), Arlington Heights is priced below the $30,775 per unit average of recent Northern California comparable sales, presenting an attractive basis in a supply-constrained affordable housing market. The property currently generates $240,700 in gross annual income with $163,934 in expenses, resulting in a net operating income of $76,766 and a 7.68% cap rate. Average rents of approximately $526 per month remain below market, providing a clear path for revenue growth through strategic rent increases and improved management.
The property sits in a scenic Sierra mountain setting with access to Plumas National Forest, Lake Almanor, and the Feather River corridor. Quincy, the county seat, serves as the regional hub approximately 1.5 hours to Oroville and 1.5 hours from Reno and Lake Tahoe. Plumas County led all 58 California counties in home sales growth at the close of 2025 with a 133.3% year-over-year increase, and median property values rose 10% to $360,200.
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Investment Highlights
- Community: 5.08 acres, 39 spaces (25 TOH / 4 POH / 10 vacant), all-ages, built 1970.
- Price: $999,000 ($25,615/space) - 7.68% cap on in-place $76,766 NOI.
- Financials: $240,700 GAI / $163,934 expenses, average rents ~$526/mo (below-market).
- Occupancy: 71.8% - 11 vacant sites ready for infill.
- Value-Add: lease-up vacant spaces, rents to market.
- Location: 1377 Arlington Heights Rd near Plumas National Forest, Lake Almanor & the Feather River.
- Regional Access: ~1.5 hrs to Oroville, Reno & Lake Tahoe; Quincy (county seat) serves as the regional hub.
- Market Momentum: Plumas County led all 58 CA counties in 2025 home-sales growth (+133.3% YoY); median values up 10% to $360,200.
- 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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