39950 7 Oaks RdAngelus Oaks, CA 92305

Property Details for 39950 7 Oaks Rd

Construction

WOOD FRAME

Lot size

40.00 AC

Property type

Mobile home & RV parks

APN

0305-011-23-0000

APU

305011230000

Description

This exceptional 40-acre mobile home park, Seven Oaks Mountain Resort, presents a unique investment opportunity in Angelus Oaks, CA. Located at 39950 7 Oaks Road, 92305, this established community boasts 55 home sites, currently housing 16 mobile homes and 7 cabins, with 5 vacant lots and space for 10 RVs. Land lease rates range from $475 to $725 per month, encompassing trash, water, and sewer services. The property features extensive amenities including a pool, restaurant, bar, fully equipped commercial kitchen, laundry and shower facilities, a maintenance garage, and numerous campsites with hookups and BBQ areas. Paved streets are maintained by San Bernardino County. The water supply is sourced from a well, and the sewer system is septic. This sale includes water and mineral rights. Built in 1917, the property consists of 26 buildings situated on a 40-acre lot (APN: 0305011230000). The asking price is $6,700,000, with an occupancy date of September 30, 2024. This is a sale/leaseback opportunity with a ground lease in place. The stunning mountain views and tranquil setting create an idyllic environment for residents. This property offers significant potential for expansion and increased revenue generation.

• CAP approach

  CAP return

  Valuation

  6%

  $503,969,088

  6.5%

  $465,202,240

  7%

  $431,973,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,897,152

  Geo Method

  $856,787,904

• Alternative Use

  Use

  Valuation

  Residential

  $465,202,240

  Hospitality

  $426,122,752

  Educational

  $354,529,120

  Medical

  $366,721,920

  Retail

  $551,489,728

Location Insight

City

Angelus Oaks

County

San Bernardino

State

California

Latitude

34.1807

Longitude

-116.93

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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