Jennings MHP

Merced County, CA
Sold
$8,000,000
$8,000,000
Jennings MHP, Merced County, CA
Units
98
Price/Unit
81,632

About the property

CRI Brokerage successfully facilitated the off-market sale of a 98 unit manufactured housing community in Merced County, representing both the buyer and seller in the transaction.

The property is serviced by city water and sewer and features direct-billed utilities. With a sale price of $8,000,000, the transaction reflects a price per pad of approximately $81,632.

The community offers strong in-place performance with additional upside through infill potential, presenting a compelling value-add opportunity in a growing Central California market.

Investment Highlights

  • Stable in-place income
  • Rent growth potential
  • Efficient utility structure
  • Strong market fundamentals
  • Value-add opportunities
  • Expansion or infill potential
  • High demand asset class
  • Limited local competition
  • Resilient cash flow profile
  • Expense optimization potential
  • Stable tenant base
  • Flexible hold strategy
  • Favorable demographics
  • NOI growth opportunities
  • Defensive market performance
  • Long-term income stability
Units
98
Price/Unit
81,632
Property Type
Mobile Home Park
Closed Date
11/13/2025
RENT CONTROL
No

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Dylan Brazil
Dylan Brazil
President Of Investments
[email protected]949-996-7077

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