2250 Broadway, Escondido, CA 92026-1400

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.