Californian Mobile Estates
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Price: $9,500,000
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Address: 950 California St Calimesa, CA 92320
Property Description:
Park Brokerage and Commercial Real Estate is pleased to announce the closing of Californian Mobile Estates in Calimesa, California. Vice President, Andrew Dohogne exclusively represented the seller for the transaction. Vice President, George Waidelich procured new bank financing for the California-based buyer. The transaction closed in 60 days.
Californian Mobile Estates is a senior 55+ designated community located in Riverside County. Constructed in 1970, this community spans approximately 9.54 acres and offers 130 spaces of majority double-wide mobile homes. The property comprises 6 park-owned homes and 124 tenant-owned homes, currently operating at near full occupancy. The average lot rent in the community is $572 per month.
Californian Mobile Estates is serviced by city water and sewer. The property has recently undergone the utility upgrade program by Southern California Gas Company and PG&E. The community has wide-paved roads with individual parking for each space, along with a range of amenities. These include a spacious clubhouse, pool area, laundry room, recreation building with shuffleboard, spa, and a large grass area. Additionally, the property provides RV storage.