Property summary
This exceptional investment opportunity presents a five-unit multifamily property situated on a 0.041-acre lot in Pilot Hill, California. The property, known as Pedro Hill Mobile Home Park, features five buildings, each a single-story structure totaling 5,000 square feet of net rentable space. Built in 1960, the property is classified as Class B and is zoned RD-10, offering potential for expansion or redevelopment. The property includes one cinder block home (1 bedroom, 1 bath, 426 sq ft) with a stackable washer and dryer, located near Salmon Falls Road. Three additional spaces are occupied by tenant-owned mobile homes under month-to-month rental agreements. The park owner retains ownership of one mobile home (space #4). Water usage is metered separately. The asking price for this owner-user investment is $574,000. The property's address is 4620 Pedro Hill Rd, Pilot Hill, CA 95664, APN 104-300-004-000. This presents a unique chance to acquire a well-located multifamily property with significant upside potential in a desirable area. The existing rental income stream, combined with the potential for future development or expansion, makes this an attractive investment opportunity.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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