California Mobile Homepark Financing Authority, Palomar East and West, San Marcos

Name of Park:

Palomar Mobile Estates (East and West)

Address: 650 S. Rancho Sante Fe Rd.(1930 W. San Marcos Blvd., San Marcos)

Price: $34,571,000

Number of Acres: 125

Number of Spaces: 846

Occupancy: 100%

Year Built: 1975

Type of Homes: Doublewides and Triplewides

Amenities: Tennis courts, large clubhouse, Pools, spas, greenbelts, views

Rent Range: $250-500 per month

Lease Terms: 70 spaces under lease with full CPI, balance are under rent control.

Utilities: Gas & Electric billed directly by utility providers, park has no responsibility for these systems.

Resident Composition: Seniors -55 and older

Name of Non Profit: Millennium Housing

Debt Service Coverage: 1.35x


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  Kinsell, Newcomb & De Dios

2776 Gateway Road
Carlsbad, CA 92009

Phone: (760) 444-1000
Fax: (760) 444-1031

info@kndinc.com