For Sale
$1,150,000

7025 Eastside RdAnderson, CA 96007

High-Yield Mobile Home Park Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This established 16-pad mobile home park in Anderson, CA, presents a compelling investment opportunity with a current 9.24% cap rate and a pro-forma cap rate of 10.18%. The property boasts 100% occupancy, generating a current NOI of $106,273 and a pro-forma NOI of $117,066. Situated on a 3.88-acre lot (161,174 sq ft), the park features a well-maintained infrastructure including a septic system, a Shasta County regulated water well, and updated PG&E electrical and gas lines with individual metering. All 16 pads are occupied by tenants who own their homes, providing a stable and predictable income stream. The park includes a convenient circular gravel driveway and mature shade trees. Additional income potential exists through the installation of coin-operated laundry in the vacant laundry room. The commercially zoned rear portion of the property offers further expansion opportunities, subject to buyer verification. The property's Class C designation and stabilized investment type indicate a solid foundation for future growth. Built over 30 years ago, this park offers a proven track record and significant upside potential. The asking price is $1,150,000, translating to a price per pad of $71,875. APN: 050-070-005-000.

Highlights

  • 16-pad mobile home park in Anderson, CA with a 9.24% current cap rate and a 10.18% pro-forma cap rate.
  • 100% occupancy, generating a current NOI of $106,273 and a pro-forma NOI of $117,066.
  • Situated on a 3.88-acre lot with room for commercial expansion, featuring updated utilities and individual metering.
  • All 16 pads are tenant-owned, providing stable income; asking price is $1,150,000 ($71,875 per pad).
  • APN: 050-070-005-000.

Property Details for 7025 Eastside Rd

Property type
Mobile home & RV parks
Class
C
Year Built
30
Units
16

Location Insight

City
Anderson
County
Shasta
State
California
Latitude
40.4906362
Longitude
-122.3575835
7025 Eastside Rd, Anderson, California

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7025 Eastside Rd
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