Catherine BellEmpowering Women to Create Financial Freedom Through Passive Income, Real Estate, and Social Impact

Mobile Home Parks: Why $250M Deal Doesn't Pencil Out! #shorts

7 Aug 2026 · 1 min

Watch on YouTube

1:24

This content was created by Catherine Bell. This content was uploaded by Catherine Bell. This is a YouTube short titled "Mobile Home Parks: Why $250M Deal Doesn't Pencil Out! #shorts" (created 2026-08-07). The excerpt is a single-speaker commentary (SPEAKER A) analyzing a proposed $250M coastal mobile-home development, reviewing comparable sales and per‑square‑foot pricing. The speaker cites Malibu comps (sales around $1.9–2.0M and roughly $1,000–$1,500/ft), a gross sellout estimate of about $158M, and explains the $250M scenario doesn’t "pencil" unless comps show extraordinarily high per‑foot prices (the speaker mentions $25,000–$30,000/ft) or acquisition/build costs are much lower (example given: $65M land + $120M build = $185M). The speaker directs "Kathy" to find other comps to make the numbers work.

Chapters

Right here, it says I dug through it all in all, the $250 million does not pencil, does not pencil on third sold coastal mobile home park comps unless you achieve Malibu all-time pricing well above the most of the, most of the sold samples. So like, it says here sold in 2012 in Malibu sold for $1.9 million. Thank you. Space, that one they say sold for $2 million. $17 per foot. And so these houses are selling for about $1,000 per foot. So it ranges from $1,000 to $1,500, right along the coast. I don't know where we were finding the ones that were at $3,000 per foot. Maybe it's just when we never found them, but that's what we need to find. So keep going down. So selling them at the gross sellout, we're looking at $158 million. So that's why it says it doesn't pencil, even if we sold them all at that price. There's no, there's no way that that's a safe return. So until we find those ones where they were selling them for $25,000, $30,000 a foot, that's where you're at. Now, if you can get it down lower than that, absolutely. We get it. We get the property for $65 million. We build all the houses for $120 million. We're at $185 million. It works there. So, but keep playing with it, Kathy. Find those other comps, right? Make it make sense then. Go look at the comps where they're talking about right now. And if they're comps, then they're comps. You can't get around it. Okay.