39950 7 Oaks RdAngelus Oaks, CA 92305
- Residential income properties
- 40.00 AC
Property Details for 39950 7 Oaks Rd
- Construction
- WOOD FRAME
- Lot size
- 40.00 AC
- Property type
- Residential income properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
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