An owner of a large number of mobile home parks in the western United States has added another property to its portfolio with the purchase of Oakcrest Estates Mobile Home Park in San Jose, Calif.

The ground lease, purchased for nearly $14.8 million from a large, unidentified mobile home park owner, includes 158 spaces on a lot that totals 27 acres. The property is located at 4271 North First St. and was built in 1979.

The sales price represents $93,670 per unit.


What’s your opinion? Leave your comments below or send a
letter to the editor.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription