Contact Information
Joe Smithonic
License: 01980469
Mobile Home Park Details
- Price: $4,295,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.8% (Pro Forma)
- Listing ID: 7005684
- Posted On: Jan 23, 2026
- Updated On: Apr 24, 2026
Description
Penngrove Village is an all-ages manufactured housing community consisting of 34 mobilehome spaces and 7 RV spaces, which are 100% owner-occupied, plus 3 stick-built rental units (a duplex and a “cottage”) on 3.18 acres. The property operates on public water and sewer. Gas, electric, and disposal services are directly billed by local service providers. Annual rent increases are permitted at 70% of the CPI change or 4%, whichever is less, plus 5% on turnover.
Location
Penngrove Village is located at 6070 Old Redwood Hwy in the Penngrove area of Sonoma County, California. This charming community is nestled next to Lichau Creek with great access to US 101 and the San Francisco Bay Area. The property is walking distance to downtown Penngrove and only 5-15 minutes driving time to local amenities such as Sonoma State University, shopping outlets, and more.
Amenities
- Laundromat
- Pet Friendly
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 34 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1974 |
| Average MH Lot Rent: | $638 |
| Size: | 3 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $491,079 |
| Operating Expense: | $200,497 |
| Net Operating Income: | $290,583 |
| Expense Ratio: | 40.8 % |
Lot Information
| Singlewide Lots: | 24 |
| Doublewide Lots: | 10 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 6 |
RV Information
| Number of RV Lots: | 7 |
| Average RV Lot Rent: | $680 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $1,508 |
