Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.4%
  • Property ID: 1192137
  • Posted On: Feb 19, 2020
  • Updated On: Jun 15, 2020

Property Description

ANTELOPE VALLEY CENTER is located in the city of Palmdale [Unincorporated LA County], California and sits on approximately 1.013 acres of land and was built in 1955. This all-age park is comprised of 16 mobile home spaces. The park has adequate parking on site and street parking along the side of the property. Electricity and Water utilities are sub-metered. Trash and Sewer are charged as a flat fee and tenants pay the gas directly to the gas company. Amenities include a Laundry Room that is currently not being used.

Amenities

  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 100.0 %
Year Built: 1955
Average MH Lot Rent: $421
Size: 1 acre(s)

Financial Information (Actual)

Gross Income $101,335
Operating Expense $35,802
Net Operating Income $65,533
Expense Ratio 35.3 %
Debt Info

Lot Information

Singlewide Lots: 16

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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