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32786555
32786551

24660 TEHAMA VINA RD, LOS MOLINOS, CA 96055-9743 For Sale

BS
DRE #02019819
Brent Silberbauer Real estate
Listed by Brent Silberbauer Real estate
$1,950,000
57 days on market
Updated 18 days ago

Riverside Crossing Mobile Home Park

Details
APN 066-140-010-000
Property Type Mobile Home Park
Square Footage 2,600
Units 70
Cap Rate 1.27%
NOI $27,356
Occupancy 40%
Pro-Forma Cap Rate 13.90%
Pro-Forma NOI $298,944
Class C
Year Built 1948
Stories 1
Lot Size (SqFt) 431,243
Zoning Buyer to Verify / Mobile Home & RV Park Use
Investment Type Value Add
Sale Condition N/A

Riverfront MHP/RV Park with Seller Financing, 70 Sites & Significant Upside

Marketing description

Riverside Crossing Mobile Home & RV Park is a rare Sacramento River-front mobile home and RV park opportunity located in Los Molinos, California. Situated on approximately 9.9 acres with approximately 700 feet of river frontage, the property includes approximately 70 mobile home/RV sites plus an additional apartment, creating a compelling value-add investment with multiple paths to revenue growth.

The property is currently operating below stabilized occupancy, with current occupancy around 40%, giving an experienced operator the ability to increase income through lease-up, rent optimization, improved utility reimbursements, operational efficiencies, and broader repositioning efforts. The offering includes multiple existing income streams, including mobile home rent, RV rent, apartment rent, utility fees, and potential future riverfront camping/RV income.

One of the strongest upside components is the property’s underutilized riverfront area. The OM identifies the potential to activate approximately 16 riverfront tent/RV-style sites with water and electric hookups, subject to buyer verification. This creates an additional revenue opportunity tied directly to the property’s natural amenity: direct Sacramento River frontage.

Riverside Crossing also benefits from a highly marketable setting near Mill Creek Park, river recreation, nearby boat launch access, and convenient regional connectivity to Chico, Red Bluff, and surrounding Northern California markets. Neighboring riverfront parks and recreational uses help demonstrate the demand for affordable housing, RV, and outdoor-oriented occupancy in this corridor.

For investors seeking a value-add mobile home/RV park with a rare riverfront location, seller financing potential, and multiple income-expansion strategies, Riverside Crossing offers a compelling opportunity to acquire a reposition-able asset at an attractive basis.

Investment highlights

  • Rare Sacramento River frontage with approximately 700 feet of riverfront in Los Molinos, CA.
  • Approximately 70 mobile home/RV sites plus one apartment on approximately 9.9 acres.
  • Significant value-add opportunity with current occupancy around 40%, creating immediate upside through lease-up and stabilization.
  • Below-market rents across multiple asset types, including mobile home spaces, RV spaces, park-owned homes/RVs, and utility reimbursements.
  • Multiple income streams including MH rent, RV rent, apartment rent, utility fees, and potential riverfront camping/RV income.
  • Potential to activate approximately 16 riverfront tent/RV-style sites with water and electric hookups, subject to buyer verification.
  • Low-density layout at approximately 7 units per acre, offering room for operational improvement, infill, and long-term repositioning.
  • Attractive owner financing may be available for qualified buyers, creating added flexibility during the stabilization period.
  • Located near Mill Creek Park, Sacramento River recreation, boat launch access, and Highway 99E connectivity to Chico and Red Bluff.

Offering Summary

Riverside Crossing Mobile Home & RV Park is a rare riverfront value-add investment opportunity located along the Sacramento River in Los Molinos, California. The property is situated on approximately 9.9 acres and includes approximately 70 mobile home/RV sites plus an apartment, with meaningful upside through lease-up, rent growth, utility reimbursement, operational improvements, and potential activation of underutilized riverfront areas.

With current occupancy around 40%, Riverside Crossing offers a clear repositioning opportunity for an experienced operator seeking immediate income with long-term upside. Ownership may offer attractive seller financing terms for qualified buyers.

Listing Contacts

BS
DRE #02019819
Brent Silberbauer Real estate
Listed by Brent Silberbauer Real estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$27,356.00
$2,279.67/mo

Valuation Metrics

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DSCR
1.4%
Cap Rate
1.4%
ROI

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