31718 Grade RdPauma Valley, CA 92061

Property Details for 31718 Grade Rd

Lot size

10.41 AC

Zone code

RESTRICTED COMMERCIAL

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

135-180-41-00

APU

1351804100

Description

This exceptional 10.41-acre RV park and campground, nestled at the base of Mt. Palomar in Pauma Valley, CA (zip code 92061, address: 31718 S Grade Rd), presents a compelling value-add investment opportunity. Currently boasting 46 spaces, with 32 (approximately 70%) occupied by long-term tenants, this Class C multifamily property offers significant upside potential. Long-term rental rates are estimated to be approximately 30% below market value, presenting a clear path to increased profitability. The park features a diverse range of accommodations, including RV sites, cabins, and glamping tents. Existing amenities include a recently renovated pool with solar heating, a basketball court, and a store/office with a game room. An additional 15 acres of expansion land provides ample room for future growth and development. The large, currently underutilized, front area is currently used as a softball field. The property's strategic location near five casino resorts (Pala Resort & Casino, Pala Moto Speedway, Pauma Valley Casino, Harrah's Rincon Casinos, and Valley View Casino) and popular outdoor attractions such as Mt. Palomar and Lake Henshaw ensures consistent demand. This "city close/country quiet" location offers a unique blend of convenience and natural beauty. The asking price is $2,200,000, with a price per unit of $47,826.09.

• CAP approach

  CAP return

  Valuation

  6%

  $154,539,808

  6.5%

  $142,652,128

  7%

  $132,462,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $123,297,712

  Geo Method

  $247,386,144

• Alternative Use

  Use

  Valuation

  Residential

  $142,652,128

  Hospitality

  $130,668,576

  Educational

  $108,714,720

  Medical

  $112,453,592

  Retail

  $169,111,792

Location Insight

City

Pauma Valley

County

San Diego

State

California

Latitude

33.295

Longitude

-116.898

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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