Southern California MHP For Sale
This Mobile Home Park is a 33 space, all age Mobile Home Park.
The park is a well maintained park with paved streets and a swimming pool.
The park is subject to rent control and the tenants are on month to month leases.
There are three park owned units that are included in the sale price along with all personal property used to maintain the park.
The park currently has three vacancies (the three park owned homes) which represents an up-side on the income.
Scheduled Gross Income $233,196
Less Vacancy 21,249
Rental Income $206,547
Laundry $ 6,169
Utilities Income $ 33,116
Other Income $ 150
Total Income $245,982
Management $ 15,000
Accounting and Advertising $ 725
Electric, Gas and Trash $ 28,910
Repairs and Maintenance $ 28,790
Permits and Fees $ 1,715
Insurance $ 4,849
Taxes $ 7,898
Total Expenses $ 87,937
Net Income $158,045
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.