9020 W Avenue J - Manufactured Housing/Mobile Housing FOR SALE


Lancaster, CA 93536
$790,000 USD
805-286-7733
9020 W Avenue J, Lancaster, CA for Sale
$790,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | Request Cap Rate

9020 W Avenue J
Lancaster, CA 93536


HIGHLIGHTS

  • Infill Upside Opportunity
  • Potential to Convert to City Services
  • Strong MH/RV Submarket

OVERVIEW

Excellent opportunity to acquire a park with multiple angles of upside near major Southern California metros. Del Sur Gardens offers a value-add RV park in a historically strong MH/RV submarket. The park has opportunity for income growth as it is currently ± 80% occupied with mostly extended stay residents. There is also a value-add component in potentially converting utilities over to city services for better operating efficiency. The current average rate at the park equates to $442/month while incoming tenants pay a rate of $530/month. Amenities at the +/- 4.1-acre park include a clubhouse, on-site laundry, showers, BBQ pits, and a large park area. Lancaster, CA is located just north of Los Angeles, it offers a quieter and more affordable alternative but is still a part of the County. It boasts mature infrastructure with convenient access to major employment nodes, attracting Fortune 500 companies and development opportunities. Additionally, Lancaster enjoys proximity to stunning natural landscapes, providing easy access to outdoor recreation and adventure. Please do not visit or contact anyone in the community without approval from the listing agents.

FOR SALE DETAILS

PRICE

$790,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

33

PRICE/UNIT

$23,939

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Del Sur Gardens RV Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

31

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

RR5, L.A. County

APN/PARCEL ID

3203-034-007

ASK ABOUT THIS PROPERTY

Jez LawsonCBREMore Info
805-286-7733

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Jez LawsonCBREMore Info
805-286-7733

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