15329 Little Valley Rd - Manufactured Housing/Mobile Housing FOR SALE


Grass Valley, CA 95949
$10,200,000 USD
310-862-6103
15329 Little Valley Rd, Grass Valley, CA for Sale
$10,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/33
null | 4.69% Cap Rate

15329 Little Valley Rd
Grass Valley, CA 95949


HIGHLIGHTS

  • Loan Assumption – Assumable agency loan of $4,681,000 with a 4.11% interest rate, interest-only payments, 10 years remaining until maturity in 2035.
  • Cash on Cash (2025) – Projected 6.74% cash-on-cash return for 2025.
  • Below Market Rents – Market space rent is $1,036, while Grass Valley MHV average rent will increase to $906/month in April 2025
  • Utilities - Each tenant has sub-metered water, electric, and gas.
  • Spaces - All spaces can accommodate a mobile home, there are currently 10 RV’s occupying MH spaces on the property.
  • Location - 9 minutes from Downtown Grass Valley, 12 minutes from Nevada City, 1 hour from Sacramento, 1.5 hours from Lake Tahoe!

OVERVIEW

Grass Valley Mobile Home Village is a 17.95-acre, all-age community featuring 105 sites with 104 mobile home sites and 1 single-family home. With a current average site rent of $833, well below the market average of $1,036, and projected average rents of $906 in April 2025, offering a strong potential for rental growth. Located in Grass Valley, California, the property is 9 minutes from Downtown Grass Valley, 12 minutes from Nevada City, 1 hour from Sacramento, 1.5 hours from Lake Tahoe, and 2 hours from San Francisco. Residents benefit from nearby amenities, including Target, Raley’s, Starbucks, Petco, and IHOP, as well as recreational activities like hiking, camping, and skiing. Situated in California’s historic Gold Country, this stabilized community is supported by a strong local economy, with major employers like Sierra Nevada Memorial Hospital and Boreal Mountain Resort driving demand for affordable housing. Grass Valley Mobile Home Village combines below-market rents, a great location, and access to outdoor recreation, making it a compelling investment in the Sierra Nevada region.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

105

PRICE/UNIT

$97,143

CAP RATE

4.69%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grass Valley Mobile Home Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.95 AC

LAND SF

781,902 SF

ZONING

R2-MH

APN/PARCEL ID

023-300-053-000

ASK ABOUT THIS PROPERTY

Tim RyanTim RyanMore Info
310-862-6103

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Tim RyanTim RyanMore Info
310-862-6103

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.