35475 National Trails, Daggett, CA 92327

Description

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El Rancho Mobile Home Park, a 32-unit all-age community located at 35475 National Trails Highway in Daggett, California. Situated on approximately 1.23 acres with roughly 53,760 gross square feet, the offering includes 29 mobile home spaces, one 2-bedroom / 2-bathroom, and two 1-bedroom / 1-bathroom apartment units, along with an on-site laundry facility that provides supplemental income. The sale includes five notes totaling $127,000 with a 2-4 year loan maturity. The park sits along historic Route 66 in San Bernardino County's High Desert region, just 10 miles east of Barstow and within easy reach of Victorville and the broader Interstate 40/Interstate 15 logistics corridor. The park operates on a septic system, and ownership has recently invested in upgrading the electric and gas service to direct meters, allowing those utility costs to be billed directly to residents. Water and trash are sub-metered and billed back to residents as well.

El Rancho Trailer Park is currently operating at approximately 60% occupancy, and even at this reduced occupancy the property produces a 7.20% cap rate on the current scheduled income. As the park is leased up toward market occupancy (modeled here at a conservative 10% vacancy factor), proforma income grows to a 12.31% cap rate and a Net Operating Income of $156,839 — nearly double current NOI. This spread between current and proforma performance represents the core opportunity: a well-located, physically sound mobile home park with substantial embedded upside for an operator with lease-up experience.

Daggett is an unincorporated community in San Bernardino County located directly on National Trails Highway — the original alignment of Route 66 — roughly ten miles east of Barstow along the Interstate 40 corridor. Daggett is also home to the Barstow-Daggett Airport and sits adjacent to several large-scale solar and battery storage installations that have brought new construction activity and investment to the immediate area.

Just recently, the city announced the approval of a four billion dollar BNSF rail hub. Barstow is home to Marine Corps Logistics Base Barstow, a significant regional employer, and BNSF has committed to the multi-billion-dollar expansion of its Barstow rail yard into an integrated intermodal facility aimed at relieving congestion at the Ports of Los Angeles and Long Beach.