Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Sonoma County, CA, the heart of Northern California’s wine country. Stabilized at 100% occupancy, this 4.0-star community is permitted by HCD for 70 sites consisting of 68 mobile home sites and 2 RV sites. Buyers have the option to assume the existing agency loan with a fixed interest rate of 4.66%. There are 66 tenant-owned mobile homes, 2 stick-built single-family residences, 1 tenant-owned park model, and 1 park-owned mobile home serving as the onsite manager’s unit. The 1 park-owned mobile home is included in the sale, representing a value of approximately $150,000. The average mobile home rent of $590 is approximately 32% below market, offering upside subject to local rent control ordinance guidelines. The community has a large clubhouse with a full kitchen, in addition to a spacious laundry room.
The sellers are actively completing the conversion to city water, which is currently underway and anticipated to be completed within the next few months. Feasibility for city sewer connection has been confirmed, with potential grant funding sources to be explored by the buyer. Additionally, Stonegate MHP is enrolled in PG&E’s utility conversion program to individually meter gas and the remaining seven electric sub-meters to direct bill, which is expected to further reduce operational expenses. Buyers have the option to assume the existing agency loan. Stonegate is a stable high-quality community with recent capital improvements including new asphalt and upgrades to the electrical systems for common areas.
Strategically located in Santa Rosa, the largest city in Sonoma County with a population of over 175,000, the park benefits from proximity to major employers including Kaiser Permanente, Sutter Health, Keysight Technologies, and Santa Rosa Junior College, and is just minutes from the Charles M. Schulz– Sonoma County Airport. Anchored by strong healthcare, education, advanced manufacturing, and wine tourism sectors, the local economy supports sustained demand for affordable housing. With below-market rents, a valuable park-owned home, and infrastructure upgrades in progress. Stonegate MHP presents investors with a rare opportunity to acquire a stabilized high-quality asset in a primary Sonoma County market.
Please do not visit, drive through, call, or disturb the property without prior approval from the listing broker.
