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Additional details
$ 5,500,000
Est. payment /mo
New
8200 Cherry Avenue Unincorporated, CA 92335
4.55 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26178546
Lot Size 4.547 Acres
Property Sub-Type Res Income 2-4 Units
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 persistent shortage of attainable housing underpin durable demand in one of Southern California's most resilient affordable housing sectors.
Location
State CA
County San Bernardino
Zoning Appraiser
Direction 8200 Cherry Ave, Fontana CA
Interior
Fireplace No
Exterior
Pool Private
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0230051100000
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Dimitre Petrov, DRE#02071423 CRI
NEARBY SCHOOL & BUSINESS
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