17551 Mountain View Dr, Desert Hot Springs, CA 92241

$5,795,000

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List Price
$5,795,000
Status
ACTIVE
MLS#
OC26241427
Year Built
1974
Lot Size
324,086
Acres
7.44
Lot Location
11-15 Units/Acre
Days on Market
1
Property Type
Multifamily
Property Sub Type
Manufactured On Land
Neighborhood
Desert View Estates (34004)

Property Description

Desert Valley Estates is an 88-site, all-age manufactured housing and RV community located in Desert Hot Springs, Riverside County, Southern California. The property consists of approximately 7.44 acres across two parcels and is HCD permitted for 70 manufactured housing sites and 18 RV sites with drains. The community features 81 tenant-owned homes, 6 park-owned homes, and 1 park-owned RV, with all park-owned homes and the RV included in the sale. The community is currently 100% occupied with 88 sites, and includes an additional 21 storage containers and 21 designated RV storage spaces, providing supplemental income in addition to residential site rents. A 3.1% rent increase is scheduled to take effect on December 1, 2026, providing near-term rental income growth. The property also generates supplemental income from 18 occupied storage containers averaging $80 per month and 11 occupied RV storage spaces averaging $90 per month. The remaining 3 vacant storage containers and 10 vacant RV storage spaces present an opportunity to generate approximately $13,680 in additional annual gross rental income upon full lease-up at current average rental rates. The property features a solar system expected to be completed by the end of November 2026. The system will serve the master-metered spaces and common-area electricity, and is projected to generate approximately $41,000 in annual electricity income. A buyer may purchase the system with the property for an additional price, subject to negotiation. The community features an attractive selection of amenities, including a clubhouse, swimming pool, spa, and onsite laundry facilities, providing recreational and gathering spaces that enhance the overall residential experience. The property is serviced by municipal water and a private onsite septic system. Professional offsite management is supported by a part-time onsite office manager and part-time groundskeeper, both of whom reside within the community. Desert Valley Estates offers investors the opportunity to acquire a stabilized manufactured housing community in Southern California's Coachella Valley. With 100% occupancy, established management, extensive resident amenities, and multiple sources of supplemental income, the property represents a well-positioned investment in the Southern California manufactured housing market. For the OM please reach out the listing broker. Do not visit, drive through, call, or disturb the property or its residents.

Additional Information

Taxes
$6,400
Pool Description
Community
View
Mountain(s), Pool
Sewer
Private Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
88
Gross Scheduled Income
$681,852
Operating Expense
367533

Listing courtesy of Listing Agent: Tim Ryan (tim@avinerealestate.com) from Listing Office: Avine Real Estate.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.