10799 Sherman Grv AveLos Angeles, CA 91040

Property Details for 10799 Sherman Grv Ave

Year built

1948

Construction

WOOD

Lot size

6.71 AC

Property size (Sq ft)

3,194 SF

Zone code

LARMP

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

2555-001-007

APU

2555001007

Description

This exceptional investment opportunity presents the Oakdale Mobile Home Park, a fully occupied 87-unit community situated in the desirable Sunland neighborhood of Los Angeles, California. Boasting a 100% occupancy rate and a substantial net operating income (NOI) of $472,800, this property offers a compelling 5.00% capitalization rate on an asking price of $9,500,000. The park sits on a 6.71-acre parcel zoned LARMP (Los Angeles Residential Mobilehome Park). All 87 lots are currently occupied, generating a gross income exceeding $750,000. The property is conveniently located at 10799 Sherman Grove Ave, Los Angeles, CA 91040, and benefits from city utilities, with tenants responsible for all utility expenses. This presents a stable, low-maintenance investment with significant upside potential in a thriving Los Angeles community. The property's strong performance and high occupancy make it an attractive asset for investors seeking a secure and profitable addition to their portfolio. This is a rare opportunity to acquire a well-established, fully occupied mobile home park in a prime Los Angeles location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,290,870

  6.5%

  $1,191,572

  7%

  $1,106,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $941,425

  Geo Method

  $941,425

• Alternative Use

  Use

  Valuation

  Residential

  $1,191,572

  Hospitality

  $1,091,474

  Educational

  $908,093

  Medical

  $939,324

  Retail

  $1,412,589

Location Insight

City

Sunland

County

Los Angeles

State

California

Latitude

34.265

Longitude

-118.321

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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