Property details
Los Angeles County 55+ Class C Value-Add Mobile Home Park, Pacific West Region
Property Description
Los Angeles County 55+ Class C Value-Add Mobile Home Park
Approx. 35 total MHP spaces.
There are 27 park-owned mobiles.
Trailing 12 Months NOI: $ 223K.
Cap Rate: 5.19%.
Currently runs as a 55+ (Senior) mobile home park but not required by city.
On City water and sewage.
There is currently only one vacancy.
The value-add lies in the amount of deferred maintenance existing in this great location.
There is also some room for expansion (inquire).
MHP and RV Parks Development Sites
Images
Highlights
- Status:
- Available
- Price:
- $4,300,000
- Cap Rate:
- 5.19%
- Annual Rent:
- $223,000
Property Information
- Property Type:
- Mobile Home Parks
- Industry Type:
- Mobile Home Park
- Units/Spaces:
- 34
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
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.