5455 Old Highway 53 Clearlake, CA 95422
- Mobile home & RV parks
- 399,010 SF
- 9.16 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 5455 Old Highway 53
- Year built
- 1950
- Lot size
- 9.16 lot acres
- Property size
- 399,010 SF
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional 107-unit mobile home park, situated on 9.16 acres in Clearlake, CA, presents a compelling investment opportunity. Currently boasting 97% occupancy, the property generates a substantial income stream, further enhanced by a 6.78% cap rate. Built in 1950, the park features a mix of student housing and RV park capabilities, catering to a diverse tenant base. All utilities are tenant-paid, with trash and sewer passed through, while gas and water are direct-billed, and electricity is sub-metered. The property benefits from city water, sewer, and municipal services, ensuring efficient operations. Located on the shores of Lake Clearlake, near major freeways and public transit, this all-age community enjoys a highly desirable location. The property's strong management and consistent rental income make it an attractive asset for investors seeking a stable and profitable venture. The asking price is $6,500,000, translating to $60,747.66 per unit and $649,563 per acre. The total square footage is 399,010, with a price per square foot of $16.29. The property's address is 5455 Old Hwy 53, Clearlake, CA 95422, and its APN is 040-310-08-00, 040-310-09-00, 040-310-10-00. This is a Class B property with significant potential for future growth and returns.
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
- Clearlake
- County
- Lake
- State
- California
- Longitude
- -122.632
- Latitude
- 38.9444
