7025 Eastside RdAnderson, CA 96007

Property Details for 7025 Eastside Rd

Year built

1981

Lot size

3.70 AC

Property size (Sq ft)

672 SF

Zone code

C-M-DR

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

050-070-005-000

APU

50070005000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $150,175

  6.5%

  $138,624

  7%

  $128,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $148,720

  Geo Method

  $148,720

• Alternative Use

  Use

  Valuation

  Residential

  $138,624

  Hospitality

  $126,978

  Educational

  $105,645

  Medical

  $109,278

  Retail

  $164,336

Location Insight

City

Anderson

County

Shasta

State

California

Latitude

40.491

Longitude

-122.357

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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