Property profile

228 Chaparral Ln Nipomo, CA 93444

FOR SALE
Land
Property ID
US09-1240028
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Property summary

AI-generated overview

Mobile Home Lot – “Folkerts Oaks Park” Nipomo Build your dream manufactured home on this 6,164 sq. ft. lot located in the desirable “Folkerts Oaks Park” in Nipomo. The old mobile has been removed, giving you a clean slate to place a brand-new home. No HOA fees and No Space Rent – you own the land! Utilities are on the lot. This rare opportunity offers affordable ownership in a prime location, close to shopping, medical services, golf courses, and restaurants. Other 40-year-old mobiles are listed in the $400,000-$500,000 range on smaller lots in this same area. Here you could purchase the lot and put a new mobile on lot for around the same price and have a brand-new home. In speaking with the county building and planning department, they have stated that one mobile home and ADU are permitted on this lot, as long as they meet the setback requirements for the lot. You could live in one and rent out the other for extra income. This makes it a great investment property for someone who wants to create a rental unit. Buyers to re-check with the county on how big each unit may be. Purchase is for the lot only. Buyer to purchase and install a new manufactured home.

Property profile

Verified
Property type Land
UPID US09-1240028

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

228 Chaparral Ln Nipomo, CA 93444
Nipomo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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