Contact Information

Mobile Home Park Details

  • Price: $2,900,000
  • Purchase Method: New Loan
  • Cap Rate: 6.2%
  • Property ID: 930428
  • Posted on May 21, 2018

Property Description

PRICE REDUCED !! Unique 4-Star Module Home Resort located on the Pacific Coast line. Construction was completed in 1997, beautifully maintained landscape surrounds the property. 27-park model units, tenant owned 100% occupied with an office, laundry bldg., and just steps from beach access. 100% occupied, "Rent increases scheduled for Feb. 2019". Long-term Lease agreements. NO park owned units, NO rent control. Excellent opportunity to own OCEAN FRONT PROPERTY!!
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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 100.0 %
Year Built: 1997
Average MH Lot Rent: $661
Size: 2.1 acre(s)

Financial Information (Actual)

Gross Income $287,880
Operating Expense $95,137
Net Operating Income $192,743
Expense Ratio 33.0 %
Debt Info

Lot Information

Park Model Lots: 27

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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