21795 Bend Ferry RdRed Bluff, CA 96080

  • Hospitality properties
  • 6.10 AC
For Sale
$1,990,000 View listing

Property Details for 21795 Bend Ferry Rd

Lot size
6.10 AC
Property type
Hospitality properties
Property subtype
Mobile home & RV parks
APN
009-210-023-000
APU
9210023000

Description

This exceptional investment opportunity presents a well-maintained, 44-space mobile home and RV park situated on 6.87 acres in Red Bluff, CA (APN: 009-210-023, 019, 011-510). The park boasts 27 mobile home spaces and 17 RV spaces, including a riverside campground area. Monthly rents range from $433 to $600, with tenant chargebacks for water and trash. The property benefits from a strong NOI of $99,919, yielding a 5.00% cap rate at an asking price of $1,990,000. The park features on-site maintenance staff, an off-site manager, and dedicated office and laundry buildings with park-owned equipment. Mobile home spaces are directly billed for electricity, while most RV spaces utilize electric sub-metering. A propane provider manages the park's gas system, with mobile home tenants billed directly. The park utilizes a water well and septic leach line sewer system. Importantly, this unincorporated area of Tehama County is free from rent control ordinances, ensuring long-term income stability. This is a 1031 exchange eligible property. The park's long-term tenants and well-managed infrastructure make this a compelling investment prospect.

21795 Bend Ferry Rd, Red Bluff, California
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Location Insight

City
Red Bluff
County
Tehama
State
California
Latitude
40.2638
Longitude
-122.225
CBSA code
39780
CBSA name
RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,932
$741,873
$844,656
$1,586,529
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