Mill-Jacks Mobile Home Park

  • Price: $8,850,000

Property Description:

Infill greater Los Angeles all ages park near huge employment centers, highways, commercial services, and incredible rental demand. 89 sites (HCD permit is for 96 sites but sites have been combined over the years, maybe add two sites next to manager house), and one 2 bedroom/1 bath, 1,981 sf manager house with two car garage. Sites rents are below market at $428-$595 plus submetered gas and electric and sewer and trash charges. Only one railer space vacant. Across the board $34 November 1st rent increase. Turnover rents $629 for the singlewides and doublewides and $574 for the RV/trailer sites. No rent control in the City of Bellflower. Original utility systems with 30 and 50 amp electrical service and city sewer and water utilities.

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