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32270651
32270650

6870 Riverland Dr, Redding, CA 96002

PA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$6,400,000
61 days on market
Updated 52 days ago

Riverland Mobile Home Park

Details
APN 055-340-033-000, 055-500-004-000
Property Type Mobile Home Park
Units 93
Cap Rate 6.9%
NOI $441,889
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 7.97%
Pro-Forma NOI $510,202
Year Built 1960
Acreage 12.490
Zoning Commercial - Mobile Home Park
Investment Type Stabilized
Ownership Fee Simple

High Quality & Value Add MHP | 6.90% CAP

Marketing description

Riverland Mobile Home Park is an all-age Community located at 6870 Riverland Drive in Redding, California. The Property is licensed by HCD for 92 Mobile Homes. The Community currently consists of 92 tenant-owned MH sites, 1 single family house occupied by the on-site maintenance employee, and 1 office. There are three park owned homes included in the sale located at sites 24, 31, and 52. All spaces are renting for $625 per month as of January 1, 2026, which is still below market rent. The single-family house has an estimated rent of $1,800 and is occupied by the on-site maintenance manager as part of his compensation.

Water and sewer are serviced by abundant and high quality private well water and septic systems. Water and sewer is included in the residents space rent. Electric service is provided by PG&E and is direct billed to the residents. Propane is provided by Suburban Propane is sub-metered to the residents. Trash services are provided by Waste Management and are billed to the residents. Recently, the seller renegotiated the contract with Suburban Propane and secured a lower rate.

Investment highlights

  • Non-Rent Controlled Market with Below Market Rents
  • Recent Major CapEx on Septic System
  • Direct Billed Electric
  • 100% Tenant Owned MH & RV | 1 Park Owned House
  • Excellent On-Site Management
  • 95% Occupied | Upside for Buyer to Fill
  • 3 Vacant Park Owned Homes Included

Listing Contacts

PA
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$441,889.00
$36,824.08/mo

Valuation Metrics

0
DSCR
6.9%
Cap Rate
6.9%
ROI

Map

Zoning

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ER ResidentialSingle FamilyExisting Residential
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View all 9 uses
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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