For Sale
Call for price

2250 BroadwayEscondido, CA 92026

88-unit, 100% occupied senior community

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the Sundance 55+ Mobile Home Park, a meticulously maintained Class A senior community nestled in Escondido, California's desirable San Diego County. Boasting 88 sites on 13.73 acres (6.41 sites per acre), this stabilized property features a 100% occupancy rate as of September 27, 2024. The park comprises primarily ground-set double-wide mobile homes, many offering views of the Reidy Creek Golf Course. Built in 1977, the property includes a substantial 7,000 square foot clubhouse, complete with a heated pool, spa, event space, kitchen, fitness room, billiards room, library, game room, saunas, and shuffleboard courts. The park's infrastructure is robust, featuring copper wiring with 100-200 AMP service (direct-billed from SDGE), direct-billed gas from SDG&E, sub-metered city water via PVC piping, and a flat-rate pass-through city sewer system. Irrigation is supported by two on-site wells. The average monthly site rent is $1,438, excluding utilities. Twenty-two tenants are on month-to-month leases, while the remainder are on long-term leases ranging from 12 months to 25 years. One park-owned manager's unit is located on Site #6. A highly attractive $9,915,706 assumable loan (as of September 1, 2024) is available, amortized over 30 years at a 3.34% interest rate, due March 1, 2027, through Lument Bank. This property offers a rare chance to acquire a high-quality, senior community in a prime San Diego location. The permitted zoning is Restricted Commercial, and the APN is 224-130-01-00. The property is held in fee simple.

Highlights

  • Rare San Diego County manufactured home community (MHC) investment opportunity in Escondido.
  • 88-site senior community, 100% occupied with double-wide homes.
  • Includes one park-owned manager's unit.
  • 13.73-acre site with 6.41 sites per acre.
  • Well-maintained community with clubhouse, pool, spa, fitness center, and laundry facilities.
  • High-demand location near major Southern California attractions.

Property Details for 2250 Broadway

Property type
Mobile home & RV parks, Apartment buildings
Square Feet
598,078 SF
Class
A
Year Built
1977
Buildings
1
Lot Size (sq. ft)
598,079 SF
Units
88

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.1603137
Longitude
-117.091513
2250 Broadway, Escondido, California

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2250 Broadway
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