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32810999
32811003

1487 COUNTY RD 324, CHESTER, CA 96020 For Sale

HG
CA 01956762
eXp Commercial
PL
2563988
eXp Commercial
Listed by eXp Commercial
$1,800,000
56 days on market
Updated 56 days ago

Cedar Lodge Motel & RV Park

Details
APN 001470010
Property Type Hospitality, Mobile Home Park
Units 25
Cap Rate 5.53%
NOI $99,598
Pro-Forma Cap Rate 9.91%
Pro-Forma NOI $178,338
Broker Co-Op True
Class B
Year Built 1959
Year Renovated 2024
Stories 2
Acreage 2.600

NEW CONSTRUCTION | FULL HOOK-UPS | ATTRACTIVE SELLER FINANCING

Marketing description

TO VIEW FINANCIALS, CLICK **VIEW OM” OR “SEE DUE DILIGENCE”, SIGN THE CONFIDENTIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS”. CONTACT HARRY GREWAL WITH ANY QUESTIONS [email protected] OR CALL 424-249-5469

The MHP Value Team is pleased to offer for sale Cedar Lodge Motel & RV Park, a 25-site mixed unit asset located in Chester, California.

This hospitality and RV property offers an opportunity to acquire a renovated income-producing asset with operational upside. Originally operated as a motel, the property was closed for approximately five years before the current owner purchased it in 2024 and completed a full renovation of the motel, added 15 RV sites with new infrastructure and full hook-ups, and built a new 3-bedroom, 2-bath single-family home that sleeps up to 10 guests. The property currently includes one single-family home averaging approximately $350/night on Airbnb, nine motel rooms renting between $125–$175/night, and 15 full hook-up 50-amp RV sites averaging approximately $60/night. The asset has been lightly managed by the current owner as a hobby and marketed primarily through Airbnb, leaving room for growth through more active management and marketing efforts. Despite the limited operational focus, the property generated approximately $160,000 in revenue during its first year of operations. Based on current booking trends, revenue is projected to reach approximately $280,000 annually at 30% occupancy, which is below the area average occupancy range of 45%–50%. With stabilized occupancy and professional management, projected annual revenue is expected to exceed $350,000.

Due to the limited operating history and financial reporting, the seller is open to creative seller financing structures for qualified buyers. The seller also owns a local bank that may provide financing options to qualified purchasers.

A new investor has the opportunity to acquire a renovated hospitality and RV asset with new infrastructure and meaningful upside through improved management, marketing, and operational improvements, while benefiting from attractive seller financing.

Important Note to Prospective Buyers from Pace Morby: Congrats to all new members of the Pace Morby “Creative Finance” and “Subto” communities. We appreciate your interest and enthusiasm. Please note that we work exclusively with qualified, verified buyers. Our clients are not seeking first-time purchasers attempting to acquire mobile home parks with no capital investment. We will also not share proprietary Seller information with any intermediaries, including, but not limited to, scouts, “bird dogs,” or third parties.

Investment highlights

  • Located in Chester, CA with central access to Lassen Volcanic National Park, Burney Falls, and Lake Almanor

  • Fully renovated hotel/motel and newly constructed SFH and 15 new RV sites w/ full hook-ups completed in 2024

  • Currently operating at ~15% occupancy test run; generated $158K revenue and $33K expenses

  • Significant upside potential through improved management, marketing, and occupancy growth; average occupancy in the area is 45% - 50%

  • Seller financing available 20%–30% down, 5% interest-only; seller owns a local bank offering potential for full financing if that is the preference

Listing Contacts

HG
CA 01956762
eXp Commercial
PL
2563988
eXp Commercial
Listed by eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$99,598.00
$8,299.83/mo

Valuation Metrics

0
DSCR
5.53%
Cap Rate
5.53%
ROI

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Additional Information

Name
Timothy Rios
License
02398654
Title
Broker of Record
Name
Harry Grewal
License
01956762
Brokerage
eXp Realty
Brokerage Phone
916-273-3778
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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