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Listed by Dimitre Petrov, DRE #02071423 • CRI
$ 5,500,000
Est. payment /mo
Active
8200 Cherry AVE CA 92335
4.55 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26178546
Year Built 1952
Lot Size 4.547 Acres
Source California Regional MLS
Property Description
Mobile Hacienda Park at 8200 Cherry Ave, Fontana, CA 92335 is a 100% occupied, all-age manufactured housing community in the highly supply-constrained Inland Empire - 50 mobile home spaces plus a manager's single-family residence on ±4.55 acres along the Cherry Avenue/I-10 corridor, with convenient access to I-10, I-210, I-15, and major employers including Amazon, Target, UPS, and Kaiser Permanente. New park supply in Southern California is effectively zero, making existing communities functionally irreplaceable. All homes are tenant-owned: residents maintain their homes while the park collects lot rent and structurally lower expenses, capital requirements, and turnover than conventional multifamily, with long resident tenure and stable collections across cycles. Amenities include a pool, laundry facilities, paved interior streets, and mature trees. This fee-simple asset delivers immediate cash flow: in-place NOI of $349,134 (6.35% cap) with pro forma NOI of $370,280 (6.73% cap). Lot rents average $851 per month, below submarket levels, with yield growth through organic rent increases alone, no capital program required. Potential density expansion to as many as 90 spaces (buyer to verify) offers additional upside. Continued employment growth in the corridor and a persist
Location
State CA
County San Bernardino
Area 699 - Not Defined
Interior
Laundry Laundry Area
Exterior
Parking Features Other
Pool Pool - Yes
Building
Water District - Public
Others
Tax ID 0230051100000
Special Listing Condition Not Applicable
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