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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,350,000

Est. payment - /mo

3.22 Acres Lot

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UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Manufactured On Land

Listing Status Active

Purchase Type For Sale

Subdivision Borrego Springs

MLS Listing ID OC26098526

HOA Y/N No

Year Built 1998

Annual Tax Amount $7,150

Tax Year 2025

Lot Size 3.220 Acres

Property Sub-Type Manufactured On Land

Property Description

Santa Fe Palms MHP is a 27-site manufactured home community located in Borrego Springs, California within San Diego County's northeastern desert. The Property is offered at $1,350,000 and seller financing is offered for qualified buyers with 25% down payment, 5 year term, and 8% interest-only rate.

The Property consists of 27 HCD-permitted manufactured home sites, 12 of which are leased. 10 of the leased sites have stylish, tenant owned homes with “Santa Fe Style” design, paying average monthly space rent of $444. The other two occupied sites have park owned homes which are rented for $1,500 per month, less a $510 credit for the manager's unit. The 15 vacant sites have utilities present and varying degrees of lot preparation, presenting an in-fill opportunity for the incoming owner. Evidencing demand in this location, there are two manufactured home parks located within 1,000 feet of Santa Fe Palms which are currently 99% and 94% occupied with average rents of $600 per month and $735 per month, respectively. The Property has a professional third-party off-site management company, with day-to-day support from a resident manager who lives in one of the park owned homes and receives a partial rent credit.

The Property is served by public water and sewer and electricity and gas are billed direct to the residents by SDG&E. Community amenities include a clubhouse and swimming pool, enhancing the Property's appeal to prospective residents. Surrounded by Anza-Borrego Desert State Park, the largest state park in California, and recognized as the state's first International Dark Sky Community, Borrego Springs draws a steady flow of seasonal visitors and retirees from across Southern California and beyond. Santa Fe Palms is well positioned within Borrego Springs, situated directly on Palm Canyon Drive, the town's main street, residents enjoy walkable access to daily conveniences. Borrego Springs golf courses, desert hiking, wildflower seasons, and proximity to both San Diego County and the Inland Empire sustain consistent demand for quality, affordable housing.

Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.

Location

State CA

County San Diego

Area 92004 - Borrego Springs

Interior

Fireplace No

Laundry None

Exterior

Pool Community

Community Features Rural, Pool

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 1413843700

Acceptable Financing Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry

Listing Terms Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry

Special Listing Condition Standard

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Listed by Tim Ryan Avine Real Estate tim@avinerealestate.com, DRE #02097345

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330 Palm Canyon Dr Borrego Springs, CA 92004