{"id":191,"date":"2026-05-22T12:47:54","date_gmt":"2026-05-22T12:47:54","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=191"},"modified":"2026-05-22T12:47:54","modified_gmt":"2026-05-22T12:47:54","slug":"real-estate-investors-wheel-and-deal-to-buy-south-bay-mobile-home-parks","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=191","title":{"rendered":"Real estate investors wheel and deal to buy South Bay mobile home parks"},"content":{"rendered":"<div>\n<div>\n<p>SAN JOSE \u2014 Three South Bay mobile home parks have new owners after a series of real estate deals involving residential complexes with a combined hundreds of spaces.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=189\">How does Ron Washington make SF Giants\u2019 infielders better? I worked with him to find out.<\/a><\/p>\n<p>The mobile home sites involved in the transactions were Mobilodge of Milpitas at 1515 North Milpitas Blvd. in Milpitas; Old Orchard Mobile Park at 2135 Little Orchard St. in San Jose; and Mayfair Trailer Park at 1840 South Seventh St. in San Jose, documents on file with the Santa Clara County Recorder\u2019s Office show.<\/p>\n<p>The mobile home complexes involved in the deals were bought for a combined $23.2 million, according to the county real estate files. The purchases were all accomplished during May.<\/p>\n<p>Mobile home parks occupy a key niche in a Bay Area housing ecosystem sometimes associated with sky-high home prices.<\/p>\n<p>Here are some of the details of the recent flurry of deals, according to the deeds on file at the Recorder\u2019s Office.<\/p>\n<p>Mobilodge of Milpitas, a 145-space complex, was bought for $9.1 million by a group headed up by Peter Wang, a Mountain View-based individual whose LinkedIn page describes him as a real estate specialist. The park was bought at roughly $62,800 a space.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=180\">AI cameras scan San Francisco Bay to help protect whales from deadly ship strikes<\/a><\/p>\n<p>Old Orchard Mobile Park, a 102-space property, was bought for $8.2 million, also by a Wang-led affiliate. The price worked out to $80,400 a space.<\/p>\n<p>Mayfair Trailer Park, a 54-space complex, was bought for $5.9 million by a Sacramento-based affiliate headed up by John McDougall. McDougall is based at the same Sacramento address as Monte Christo Communities, a mobile-home company, state business documents show. McDougall is chief executive officer of Monte Christo Communities. The price worked out to $109,300 a space. The park is across the street from the bustling The Plant shopping and dining hub.<\/p>\n<div>\n<\/div>\n<p>By happenstance, Peter Wang was the seller in this deal, state business and county real estate documents show.<\/p>\n<p>In recent years, both local and out-of-state investors have bought mobile home parks in the South Bay. The buyers were seeking to own the properties as attractive investments.<\/p>\n<p>At least one deal was accomplished for the purpose of a redevelopment. In 2021, Pulte Homes paid $50 million in cash for Winchester Ranch Mobile Home Park in San Jose. Several hundred homes and apartments replaced the mobile homes.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=178\">Arellano: How a fast food taco showed us who Steve Hilton really is<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Three South Bay mobile home parks have new owners after a series of real estate deals involving complexes with a combined hundreds of spaces.<\/p>\n","protected":false},"author":1,"featured_media":190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real estate investors wheel and deal to buy South Bay mobile home parks - Next City Digest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextcitydigest.com\/?p=191\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate investors wheel and deal to buy South Bay mobile home parks - 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