38525 90th Street E,Palmdale, CA 93591
Palmdale, CA 93591
Description
Presenting an exciting and rare opportunity to own an already established Mobile Home Park known as the "The Villagers Mobile Home Park" in the city of Palmdale. This "bulk sale" opportunity includes 15 mobile homes (8 privately owned + 7 park owned) on 1.25 acres plus the adjacent/separate back lot (parcel apn #3027-010-033) which adds another 1.06 acres which can possibly accommodate another 20 mobile homes with permits from the city but will need to be verified by buyer through the appropriate agencies. This park has plenty of upside potential with some infrastructure improvements, upgrading of park owned units, adding of more units to adjoining lot, create a new park on the back lot for RV short stays or re-zoning of the entire back lot if allowed by the city. Current rents offer a CAP rate of 10.75%. Don't miss out on your chance to own 15 doors that are generating immediate income for much less than a 15 unit apartment building.
Details
| MLS# | IN25027762 |
|---|---|
| Listing Type | For Sale |
| Style | Manufactured Home |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 78 |
| Listing Provided By | Amberwood Real Estate 562-799-2388 | EUGENE CAMERON |
Features
| SQ Feet | 14,000 |
|---|---|
| Story(s) | 1 |
| Acreage | 2.31 |
Market Activity 93591
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Palmdale |
| Zip Code | 93591 |
| Area | PLM Palmdale |
| Listing VS Median (in 93591) | |
Price: $1,075,000 low | high Med: $405,000 SqFt: 14,000 low | high Med: 1,463 $ / SqFt: $77 low | high Med: $277 On site: 78 low | high Med: 49.500000 | |