1301 El Camino Ave, Sacramento, CA 95815-2604

Property Details for 1301 El Camino Ave

Year built

1945

Construction

WOOD

Lot size

0.15 lot acres

Zone code

C-2

Property type

Automotive properties

APN

265-0342-005-0000

APU

26503420050000

Description

This exceptional investment opportunity presents a well-maintained, 49-site RV park and commercial building located at 1301 El Camino Ave, Sacramento, CA 95815. The property, encompassing approximately 2.03 acres across five contiguous parcels, boasts a 96% occupancy rate and a strong NOI of $340,059. The park features 49 HCD-permitted mobile home sites, with eight occupied by mobile homes and the remainder by RVs, each generating $800 in monthly rent. A significant asset is the approximately 912 square foot commercial building leased to Great Outdoors Auto & RV Sales for $4,500 per month plus utilities. Additional improvements include a 1,550 square foot storage building and an 850 square foot laundry and storage facility. The property benefits from city water and sewer, sub-metered utilities, and ample parking (100 spaces). Built in 1945 with renovations completed between 2017 and 2023, the property is zoned C2 (Commercial) and situated near I-160 and I-80. The total square footage is 88,426, with a price per square foot of $50.89 and a price per pad of $91,836.73. The asking price is $4,500,000, representing a 7.56% capitalization rate. This stabilized, value-add investment offers a rare opportunity in the Sacramento market, situated in an Opportunity Zone and featuring low turnover rates. The property includes newer underground utilities, though AT&T and cable lines are above ground. The park's surface is paved asphalt. There are no park-owned homes.

Location Insight

City

Sacramento

County

Sacramento

State

California

Longitude

-121.438

Latitude

38.6113

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments