Listed by Marcus & Millichap - Downtown San Diego, Marcus & Millichap - San Francisco
$2,200,000
Pine Grove Mobile Home Park
Details
APN 050-190-039-000
Property Type Mobile Home Park
Sub Type All Age Community
Units 78
Occupancy 18%
Tenancy Multi
Year Built 1970
Year Renovated 2021
Acreage 10.960
Zoning Commercial - Mobile Home Park
Investment Type Value Add
Ownership Fee Simple
100% Lease Up Ready Mobile Home Park | Brand New Infrastructure Installed
Marketing description
Pine Grove Mobile Home Park is a 78-site all-age community located in Paradise, California. The property sits on 10.96 acres and features a clubhouse with swimming pool, office, bathrooms, and billiards room. The park has 73 usable sites, all equipped with utility hook-ups and ready for immediate occupancy. The property benefits from a new sewer system installed between 2021-2026, with public water service provided through Paradise Irrigation District. With only 18% occupancy and 59 vacant sites ready for tenants, this represents a significant value-add opportunity for investors looking to increase occupancy and maximize rental income in a market where comparable properties average $562 per month in rent.
Listing Contacts
Listed by Marcus & Millichap - Downtown San Diego, Marcus & Millichap - San Francisco
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