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29368284
31868904

6070 Old Redwood Hwy, Penngrove, CA 94951

$4,295,000
147 days on market
Updated 54 days ago

Penngrove Village

Details
APN 047-084-003-000
Property Type Mobile Home Park, Multifamily
Sub Type RV Park
Occupancy 100%
Pro-Forma Cap Rate 6.80%
Pro-Forma NOI $290,583
Broker Co-Op Yes
Year Built 1974
Year Renovated 2024
Buildings 2
Stories 1
Acreage 3.180
Parking Spaces 56 spaces
Investment Type Stabilized

Mobile Home Park

Marketing description

Penngrove Village is an all-ages manufactured housing community located at 6070 Old Redwood Hwy in the Penngrove area of Sonoma County, California. This charming community is nestled next to Lichau Creek with great access to US 101 and the San Francisco Bay Area. The property is walking distance to downtown Penngrove and only 5-15 minutes driving time to local amenities such as Sonoma State University, shopping outlets, and more.

The community consists of 34 mobilehome spaces and 7 RV spaces, which are 100% owner-occupied, plus 3 stick-built rental units (a duplex and a “cottage”) on 3.18 acres. The property operates on public water and sewer. Gas, electric, and disposal services are directly billed by local service providers. Annual rent increases are permitted at 70% of the CPI change or 4%, whichever is less, plus 5% on turnover.

Investment highlights

  • CPUC gas & electric utility upgrade
  • Complete asphalt replacement/overlay
  • New siding for duplex & cottage
  • 100% occupied
  • 5% rent increase on MH turnover
  • Market rate on RV turnover
  • Three stick-built rental units

Listing Contacts

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Zoning

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M1 IndustrialLimited Urban Industrial District
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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