Exceptional investment opportunity awaits with the Cali Lake RV Resort, a thriving 47-unit mobile home and RV park nestled on 11.8 acres in Santa Clarita, California. This established property boasts a 100% occupancy rate (as of July 15, 2024), generating a substantial NOI of $455,677 and a 7.66% cap rate. Built in 1964, the park features a diverse range of amenities including a coin laundry, ample storage, a community pool, children's play area, picnic area, fenced dog park, an office building, two restroom buildings, and a free-standing restaurant. All this is situated along the scenic Santa Clara River, surrounded by mature trees, forest, and mountain views. The property benefits from two high-output water wells with 2 x 20,000-gallon tanks and a newly upgraded purification system, ensuring a reliable water supply. A recently installed septic system further enhances operational efficiency. The park is conveniently located just 5 minutes from the 14 Freeway, offering easy access to major transportation routes. Zoned LCA25, the property presents significant upside potential for future expansion and rent adjustments. The asking price is $5,950,000, with a price per pad of $126,595.74. Seller financing is available. The property's APN is 3210-011-019. Please respect tenant privacy and do not disturb.
Highlights
$5,950,000 asking price for this value-add mobile home park.
7.66% cap rate with a $455,677 NOI.
100% occupancy (as of 07/15/2024) with 47 units on 11.8 acres.
Located at 10645 Soledad Canyon Rd, Santa Clarita, CA 91390.
Mobile home & RV park - High-income RV park, 47 spaces, Santa Clarita.
Where is the mobile home & rv park located?
The property is located at 10645 Soledad Canyon Rd Santa Clarita, CA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: $5,950,000 asking price for this value-add mobile home park.; 7.66% cap rate with a $455,677 NOI.; 100% occupancy (as of 07/15/2024) with 47 units on 11.8 acres.
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Contacts
ALLEN MANSOUR
Tammy Vetkos
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Soledad Canyon Rd Santa Clarita, CA 91390
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Soledad Canyon Rd Santa Clarita, CA 91390
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10645 Soledad Canyon Rd
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