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9/01/21
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Skandia Mobile Country Club, a 167-unit mobile home complex in Huntington Beach, recently sold for $58 mil, or $347.3k per space. The five-star manufactured housing community consists primarily of double-wide spaces, which are all tenant-owned homes.
Built in 1963 on over 17 acres, Skandia Mobile Country Club provides residents with access to a community pool, spa, game room and clubhouse with a full kitchen. Along with living two miles from the beach, tenants are in walking distance from Bella Terra outdoor shopping mall, a downtown farmers market and popular bars and restaurants.
Jeff Benson and Samuel Neumark with Marcus & Millichap represented the seller, the Coulter Family Trust, and procured the buyer, Investment Property Group. According to Neumark, given the impeccable quality of the property, coupled with the strong Huntington Beach rental market, there is significant upside opportunity for the new owner.
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