Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    704-550 Bangham Ln Susanville, CA 96130

    Sponsored
    For Sale
    $1,300,000

    High-yield mobile home park in Susanville, CA

    Property size:
    337,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fee-simple, 7.75-acre mobile home park in Susanville, CA, presents a compelling value-add investment opportunity. The property features 30 sites, including 28 mobile home sites and two single-family rentals, offering a current NOI of $118,623 and a 9.12% cap rate. Built in 1962, the park boasts paved roads, large lots (80-90 feet long by 30-40 feet wide), and fenced yards. Site rents range from $500 to $650, with single-family rental income at $830. The park has an on-site well and septic system, with electricity provided by PG&E (8 sites sub-metered) and gas by Ed's Propane (direct billed for most). Trash service is provided by Lassen County. Currently, there are four vacant sites and three vacant homes, presenting immediate upside potential in a high-demand rental market. The property also includes two additional 2.55-acre parcels zoned for residential use, offering further development possibilities. The asking price is $1,300,000, with a price per pad of $43,333.33. The property's current occupancy is 73%, projected to reach full occupancy by November 12, 2024. There are no local rent stabilization ordinances. This well-maintained, all-age community offers a stable return with significant upside potential. Note that buyers are responsible for conducting their own due diligence regarding potential development on the additional acreage.

    Property Features for 704-550 Bangham Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    337,590 SF
    Class
    C
    Lot Size
    337,590 SF

    Building Details

    Year Built
    1962
    Buildings
    2
    Units
    30

    HighLights

    • 30 sites: 28 mobile home spaces and 2 single‑family rentals.
    • 2.55 acres of additional residentially‑zoned land.
    • Well‑maintained park featuring paved roads, fenced yards, and large sites (80‑90' x 30‑40').
    • Significant upside potential; all COVID‑related evictions completed.
    • Most sites have direct‑billed electricity and gas; 8 sites are sub‑metered for electricity.
    • Utilities: Direct‑billed gas; flat‑rate pass‑through for water, sewer, and trash.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lassen Mobile Home ... Mobile Home Park

    Suggested Use

    Realty agency Dental Office Building Supply Wholesale Shop Daycare Center HVAC Service Auto Parts Store Auto Repair Shop Electrical Service Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Susanville
    County
    Lassen
    State
    California
    Longitude
    -120.590661
    Latitude
    40.383437

    Nearby Comparable

    • $1,355,514
      6,500 SF

      Walmart Plaza Outparcel Investment

      Susanville, CA Retail Center: High-traffic location.
      2920 Main St, Susanville, CA 96130
      View Details
    • $800,000
      1.51 Acres

      Susanville Hotel Development Land

      1.5 Acres, Prime Location, Opportunity Zone
      2755 Main St, Susanville, CA 96130
      View Details
    • $4,805,000
      14,739 SF

      Retail Property in Susanville, CA

      Retail property available for sale in Susanville, CA.
      2875 Main St, Susanville, CA 96130
      View Details
    • Contact for pricing
      2.29 Acres

      Prime Susanville Commercial Land

      2.29 Acres, High-Traffic Location, Entitled
      2650 Main St, Susanville, CA 96130
      View Details
    • $3,200,000
      17,369 SF

      Susanville Retail Property - Prime Location

      Former drug store, double drive-thru, high traffic area.
      1615 Main St, Susanville, CA 96130
      View Details
    • $499,000
      12,600 SF

      Prime Susanville Flex Space

      12,600 SF Flex Space, $499K
      937 Main St, Susanville, CA 96130
      View Details
    • $88,000
      5,600 SF

      Susanville Mixed-Use Commercial Building

      Prime Main Street Location, 5600 SF, Vacant
      924 Main St, Susanville, CA 96130
      View Details
    • $499,000
      15,800 SF

      Susanville Flex Space & Apartments

      Prime Susanville location, high rental income.
      711 Main St, Susanville, CA 96130
      View Details
    • $249,000
      10.66 Acres

      Susanville Residential Land

      10.66 Acres, Buildable Lot, Great Views
      1500 Numa Rd, Susanville, CA 96130
      View Details
    • $2,700,000
      570.00 Acres

      Elysian Valley Ranch: 570 Acres

      Prime CA Ranch; Horses, Farming, Fishing
      465-577 Elysian Valley Rd, Janesville, CA 96114
      View Details
    • $339,950
      159.27 Acres

      159+ Acres Rural Ranch Land

      Rural acreage near Butte Lake, suitable for ranch or home.
      501-050 Hwy, Susanville, CA 96130
      View Details

    Nearby Similar for Sale

    • $4,805,000
      14,739 SF

      Retail Property in Susanville, CA

      Retail property available for sale in Susanville, CA.
      2875 Main St, Susanville, CA 96130
      View Details
    • $499,000
      12,600 SF

      Prime Susanville Flex Space

      12,600 SF Flex Space, $499K
      937 Main St, Susanville, CA 96130
      View Details
    • $499,000
      15,800 SF

      Susanville Flex Space & Apartments

      Prime Susanville location, high rental income.
      711 Main St, Susanville, CA 96130
      View Details
    • $3,200,000
      17,369 SF

      Susanville Retail Property - Prime Location

      Former drug store, double drive-thru, high traffic area.
      1615 Main St, Susanville, CA 96130
      View Details
    • $199,000
      1,200 SF

      Prime Westwood Convenience Store

      Profitable retail space, vacant, ready for your vision.
      0 Ash St, Susanville, CA 96137
      View Details
    • $1,355,514
      6,500 SF

      Walmart Plaza Outparcel Investment

      Susanville, CA Retail Center: High-traffic location.
      2920 Main St, Susanville, CA 96130
      View Details
    • $88,000
      5,600 SF

      Susanville Mixed-Use Commercial Building

      Prime Main Street Location, 5600 SF, Vacant
      924 Main St, Susanville, CA 96130
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-yield mobile home park in Susanville, CA
    Where is this multifamily property located?
    The property is located at 704-550 Bangham Ln Susanville, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 30 sites: 28 mobile home spaces and 2 single-family rentals.; 2.55 acres of additional residentially-zoned land.; Well-maintained park featuring paved roads, fenced yards, and large sites (80-90' x 30-40').
    Request Owner's contact information
    704-550 Bangham Ln Susanville, CA 96130
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    704-550 Bangham Ln
    Susanville, CA 96130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    704-550 Bangham Ln Susanville, CA 96130
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.