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Rancho Valley Mobile Home Park
For Sale
Contact for pricing

2881 Pennington Rd, Live Oak, CA 95953

All-age community with municipal water and sewer, on-site laundry, and a mix of manufactured homes and residential units.

Property SizeContact for details
Lot Size2.07 Acres
Days on Market118

Property Features for 2881 Pennington Rd

General Information

Standard status Active
Lot size 2.07 Acres
Property subtype Multifamily, Mobile Home Park
Occupancy 93%
Net Operating Income $140,720

Units

Unit Mix 12 x MH, 6 x apartment, 1 x single family house
Multifamily Units 19

Additional Details

Utilities to Site Yes

Amenities

laundry room

Building Details

Year Built 1971
Units 20
Tenancy Multi
Listing Agency: Marcus & Millichap - Downtown San Diego
Listed By: Dustin B. Wilmer · License #CA 01928162
Source: Crexi
Added: May 5 Changed: Aug 30 Last Checked: Aug 30 at 8:31AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Downtown San Diego

Investment Insights

Based on property information with market context.

Rancho Valley is an all-age mobile home park spanning approximately 2.07 acres. The property includes 12 park-owned manufactured homes, 6 occupied apartment units, and 1 occupied single-family house, along with 1 vacant site. All 19 units are owned by the park, and an on-site laundry room serves the community. The property operates with city water and sewer.

The park is licensed for 13 manufactured-home sites within its 20-space layout. Live Oak currently has no rent control, and the most recent rental increase took effect in January 2026. Constructed in 1971, the property combines manufactured housing with apartment and single-family residential components.

Key Highlights

  • 20‑space all‑age park on approximately 2.07 acres
  • Licensed for 13 MH sites
  • 12 park‑owned MH's, 6 occupied apartment units, and 1 occupied single family house

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 95953, CA

11,357
Population
3,642
Households
3.1
Avg Household Size
36
Median Age
14%
College-Educated
73%
High-School Grad
116.2 sq mi
ZIP Area
98
Density / Sq Mi
$66,614
Median Household Income
$33,743
Median Earnings
$793
Median Rent
$335,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - All-age community with municipal water and sewer, on-site laundry, and a mix of manufactured homes and residential units.
Where is this mobile home & rv park located?
The property is located at 2881 Pennington Rd Live Oak, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 20‑space all‑age park on approximately 2.07 acres; Licensed for 13 MH sites; 12 park‑owned MH's, 6 occupied apartment units, and 1 occupied single family house
More about this property
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