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    2510 Us-199 Crescent City, CA 95531

    Sponsored
    For Sale
    $4,450,000

    73 Units, 13 Acres, High Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents the Madrone Mobile Home Park, a well-established 73-unit mobile home park situated on a spacious 13-acre lot in Crescent City, California. Located at 2510 US-199, zip code 95531, this property boasts a desirable 5.20% capitalization rate and is offered at an asking price of $4,450,000. The park's prime location in Del Norte County provides convenient access to local amenities and attractions. The substantial lot size offers potential for future expansion or development, adding significant value to this already profitable asset. With 73 existing units, the park generates a consistent income stream, making it an attractive investment for experienced real estate investors seeking a strong return on investment in a stable market. Detailed financial information and operational data are available upon request. This is a turnkey operation ready for a new owner to step in and continue the success of this established mobile home park. The property is located in Crescent City, CA, offering a unique opportunity in a desirable location. Serious inquiries only.

    Property Features for 2510 Us-199

    General Information

    Property type
    Multifamily properties
    Lot Size
    566,280 SF

    Building Details

    Units
    73

    HighLights

    • High‑demand location with strong tenant base.
    • Excellent visibility and accessibility from major thoroughfares.
    • Modern building systems and efficient floor plans.
    • Significant upside potential for rental income growth.
    • Below‑market lease rates provide immediate value add.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Crescent City
    County
    Del Norte
    State
    California
    Longitude
    -124.0636488
    Latitude
    41.7916572

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    FAQs

    What type of property is this?
    Multifamily property - 73 Units, 13 Acres, High Cap Rate
    Where is this multifamily property located?
    The property is located at 2510 Us-199 Crescent City, CA.
    What is the asking price?
    The asking price for this property is $4,450,000.
    What are key features of this property?
    This property features: High-demand location with strong tenant base.; Excellent visibility and accessibility from major thoroughfares.; Modern building systems and efficient floor plans.
    Request Owner's contact information
    2510 Us-199 Crescent City, CA 95531
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    Crescent City, CA 95531
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    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
    2510 Us-199 Crescent City, CA 95531
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