10530 Walker DrGrass Valley, CA 95945

Property Details for 10530 Walker Dr

Lot size

2.13 AC

Property size (Sq ft)

2,495 SF

Zone code

R1-1.5

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

007-270-031-000

APU

7270031000

Description

This exceptional investment opportunity presents a thriving 2.86-acre mobile home park in Grass Valley, CA, at 10530 Walker Dr, zip code 95945. The property, identified by APN 007-270-031-000, 007-270-032-000, consists of 28 units, including a mix of mobile home spaces and single-family homes ranging from one to three bedrooms and one to two bathrooms. Currently operating at 100% occupancy, this Class A property generates a substantial net operating income (NOI) of $169,373, yielding a compelling 5.21% capitalization rate. The total square footage is 124,581, with a price per square foot of $26.09. The asking price for this turnkey investment is $3,250,000. The property is a 55+ community, benefiting from a strong rental market and convenient access to major transportation routes and amenities, including proximity to Empire Mine State Park. The property is owned by an LLC and is being offered for sale by owner. Seller financing options may be available. This represents a rare opportunity for investors seeking a stable, high-return investment with significant upside potential. The property features eight buildings. The year built is unavailable.

• CAP approach

  CAP return

  Valuation

  6%

  $486,152

  6.5%

  $448,756

  7%

  $416,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $531,983

  Geo Method

  $552,166

• Alternative Use

  Use

  Valuation

  Residential

  $448,756

  Hospitality

  $411,058

  Educational

  $341,996

  Medical

  $353,757

  Retail

  $531,993

Location Insight

City

Grass Valley

County

Nevada

State

California

Latitude

39.2211

Longitude

-121.082

CBSA code

46020

CBSA name

TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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