California RV Park and Campground, Pacific West Region

Property Description

California RV Park and Campground

Location-Location-Location

Bank Financing Available

SBA/USDA Program

80%+ LTV, includes working capital and loan fees

5.5% fixed for 3 years

Interest only for 9 months

Fully amortized 25 year loanv Seller reduced price by $450,000 from original list price

Seller Motivated

Truly must see real estate, make offer

High rental season right around corner

This property provides a rare and unique opportunity for the astute investor to purchase gorgeous coastal California real estate and with the true value added opportunity that all investors crave.

The property is permitted by California state agency HCD for 49 RV spaces with drains, 55 RV spaces without drains and 1 Mobile Home.

The property occupies a 4.85 acre parcel.

The RV park is serviced by public agency (RID) water, sewer and electricity.

The property was initially opened in 1950-1955 with the utility infrastructure and buildings built in the 1960s and 1970s and 2000s.

This wonderful real estate and business investment is offered for sale at $3,200,000.

As of March 29, 2017 SBA (7a) Loan Financing available, 80% LTV plus working capital, 5.500% interest rate fixed for 3 years, interest only for 9 months, 25 year amortization, due in 25 years. 25 year money.

With the number of retirees daily in America this type of coastal gorgeous real estate will continue to appreciate.

There is a 9 hole golf course.

Clubhouse pictured above, ocean views at every turn.

This property and adjacent land borders two of the greens, holes 8 and 9.

There are utility plants for electricity, water and sewer.

The subject property is connected to these services which is a substantial value in infrastructure costs.

These plants are owned, operated and maintained by the Resort Improvement District.

This property is a 105 space permitted RV park, 49 RV spaces, 55 campground spaces and 1 mobile home space.

Two of the RV spaces are currently occupied by camp hosts and park staff.

The park owned mobile home houses on site management.

The mobile home is included in the sale.

The RV park has 49 full hook up sites, approximately 12-15 sites are pull through.

There is the potential to add more pull throughs.

All RV sites and campgrounds offer beautiful scenic views of the Pacific Ocean and surrounding King Range mountains.

The property is on agency water, sewer and electricity (30 amp) with propane service.

The campground sites feature water spigots every 3-4 sites.

RVs will often stay in these sites with the park offering dump service via truck.

This is the only RV park in the town and there are substantial physical barriers to entry.

The RV Park and campground sits on one parcel of 4.85 acres.

There is an adjacent parcel of 1.5 acres owned by the same owner and a right of first refusal on this adjacent vacant parcel is part of the investment offering.

Water rights for one third of the a Spring are deeded to the RV park land.

The RV park offers full hook ups with 30 amp electrical service.

The park was constructed in 1971 and the underground utility infrastructure is believed to be in good condition.

The park is on public water, sewer and electrical service from the Improvement District.

The campground sections and spaces have shared water faucets fire rings and picnic benches.

The property gently slopes to the Pacific Ocean providing magnificent views to customers and tenants.

The park sells propane to tenants.

The RV Park and Campground rental rates for 2 people over the age of 5 are as follows:
1) $1,050 monthly for RVs
2) $45 daily for RVs
3) $35 daily for campsites
4) Extra charges: additional cars, boats, pets and similar are $1.00 each per day. $10 per day for parties of 3 or more (over age 5).

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