1377 Arlington RdCrescent Mills, CA 95983

  • Residential income properties
  • 812 SF
For Sale
$1,325,000 View listing

Property Details for 1377 Arlington Rd

Lot size
4.43 AC
Property size (Sq ft)
812 SF
Zone code
S-1
Property type
Residential income properties
Property subtype
Mobile home & RV parks
APN
111-190-014-000
APU
111190014000

Description

This exceptional 40-unit mobile home park presents a compelling investment opportunity in Crescent Mills, California. Situated on approximately 5 acres (two parcels totaling 5.08 acres), this all-ages park boasts a strong net operating income (NOI) of $106,765, yielding an attractive 8.06% cap rate. The asking price is $1,325,000. The park features a convenient on-site laundry room and is serviced by a septic system and well water. All spaces are capable of accommodating double-wide units. The property benefits from its attractive natural setting and caters to a diverse resident base, including retirees, lodgers, and county employees, providing affordable housing in Plumas County. Importantly, there is no local rent control, offering significant potential for future income growth. Recent improvements have enhanced the park's appeal and occupancy. The property is located at 1377 Arlington Rd, Taylorsville, CA 95983. This is an ideal acquisition for investors seeking a stable, cash-flowing asset in a desirable location with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $200,931
    6.5%
    $185,475
    7%
    $172,226
  • Comparable approach

    Method
    Valuation
    Relative Method
    $288,207
    Geo Method
    $288,207
  • Alternative Use

    Use
    Valuation
    Residential
    $185,475
    Hospitality
    $169,894
    Educational
    $141,350
    Medical
    $146,211
    Retail
    $219,877
1377 Arlington Rd, Crescent Mills, California

Location Insight

City
Crescent Mills
County
Plumas
State
California
Latitude
40.0832
Longitude
-120.896

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$12,585
$327,020
$847,930
$1,174,950
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