2000 Paiute Ln Susanville, CA 96130-3550
- Mobile home & RV parks
- 6.04 lot acres
Current Use by Public Records
- Pineview Mobile Home Park / Rv Park
- Little Sugar Shack / Adult Day Care Center
Property Details for 2000 Paiute Ln
- Construction
- STEEL FRAME
- Lot size
- 6.04 lot acres
- Property type
- Mobile home & RV parks
- APN
- 101-170-007-000
- APU
- 101170007000
Description
This exceptional 52-unit RV park presents a compelling value-add investment opportunity in Susanville, California. Located at 2000 Paiute Ln, 96130, this Lassen County property sits on 6 acres and boasts an impressive 80% occupancy rate, with vacancies typically filled within 10 days. The park comprises 46 mobile home sites and 6 RV sites, supplemented by three park-owned rental units. Utilities are conveniently metered separately for gas and electric, while the park is serviced by city sewer and a reliable well. The property is zoned MHP (Mobile Home Park) and was built in 1970. While the park currently has vacant lots, the previous owner chose not to invest in purchasing used homes to fill them. Noteworthy improvements are needed, including road and street lighting upgrades. All problem tenants have been evicted within the last three years, and rent collection is consistently strong, with only one tenant currently not paying on time. The asking price is $2,175,000, and financing will need to be secured by the buyer; owner financing is not available. This property is held by an LLC and presents a strong potential for increased profitability through strategic improvements and management. The projected occupancy date for full capacity is October 10, 2024.
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
- -120.66
- Latitude
- 40.4381
- CBSA code
- 45000
- CBSA name
- SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA
