697100 Hwy Susanville, CA
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.