697100 Hwy Susanville, CA
- Industrial properties
- 1,032 SF
- 6.00 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 697100 Hwy
- Year built
- 1989
- Lot size
- 6.00 lot acres
- Property size
- 1,032 SF
- Property type
- Industrial properties
Description
This exceptional investment opportunity presents a well-established, 21-site mobile home park situated on a 6-acre lot in Susanville, California. The park currently boasts a 90% occupancy rate, housing a diverse mix of single-wide and double-wide mobile homes, RVs, and a custom-built tiny home. Twenty sites are permitted by the Housing and Community Development (HCD), plus one additional cabin. The park features approximately 1,032 square feet of built structures, and includes three park-owned mobile homes and one custom-built tiny home as part of the sale. The property benefits from city water service and utilizes 5-6 septic tanks. Water, sewer, and trash services are included in the rent, while residents are individually responsible for electricity and propane. The park's electrical capacity is a substantial 400 amps, connected to the Lassen Municipal Utility District. An intriguing aspect of this property is the inclusion of an Airbnb/VRBO rental unit, demonstrating the potential for additional income streams. Furthermore, approximately 1.8 acres of vacant land adjacent to the park have received state approval for additional tiny home construction, based on existing blueprints available for review. This presents a significant opportunity for expansion and increased profitability. The current density is 3.68 spaces per acre, leaving considerable room for growth. This turnkey operation offers a compelling return on investment for a savvy buyer. The asking price is $875,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Susanville
- County
- Lassen
- State
- California
- Longitude
- -120.68
- Latitude
- 40.425
