Turnkey opportunity with recent utility infrastructure upgrades completed to direct billing with strong occupancy history. This community features an excellent occupancy history in a consistent MHC Southern California submarket. The 108-site (96 MH, 12 RV) community is +/- 99% occupied, with the current average space rent currently at $535. The community is on city water and sewer with water sub-metered and sewer at $31.01 per month. Electric and gas are provided through SoCal Edison and SoCal Gas which are both directly billed to the tenants as the community’s CPUC utility conversion was completed in August 2024. Trash is billed to the tenants on a flat rate basis of $55.34. There is an upside opportunity of implementing solar to the electrical system to increase revenue. Permits have already been purchased and the vendor is estimating an 11.4% cash purchase return on investment. The community features amenities such as a clubhouse, laundry building, leasing office, pool, and playground. There is a parking lot at the entrance of the community for guests while residents enjoy ample parking from two to four spaces per site. Situated approximately an hour north of Los Angeles, Lancaster is easily accessible with major freeways such as Interstate 5 and the Antelope Valley Freeway (State Route 14), which connect the city to key regions in Southern California.This accessibility facilitates efficient travel for both residents and businesses, enhancing Lancaster’s appeal as a commuter hub. Additionally, the city is well-connected to larger airports like LAX and Burbank Airport, which are about 70 and 60 miles away, respectively. The ongoing improvements to the SR 138/SR 14 corridor aim to enhance mobility and reduce congestion, further solidifying Lancaster’s role as a critical junction for east-west travel in the High Desert region. Please do not visit or contact anyone in the community without approval from the listing agents. REQUEST FOR OFFERS - Due Friday, January 31, 2025 A request for offers for this turnkey and well-occupied MHC with recently completed utility conversion (direct billing) will be held on January 31, 2025. In considering your offer, please find the following guidance: 1. This offering is priced at $8.1 Million. Your offer can be either a letter of interest (LOI) or a purchase and sales agreement (PSA) format with preference to a PSA format. 2. Please address offers to Royce Crestview, LLC. 3. Please include any company information, a summary of parks/properties owned, or other relevant information and we will be sure to present that information along with your offer. 4. If any members of your organization need access to the offering materials please contact jez.lawson@cbre.com via email, or phone, 805.286.7733. 5. Please email your offer to norm.sangalang@cbre.com or fax to 858.777.5380. Thank you, CBRE Manufactured Housing & RV Resorts