21795 Bnd Fry Rd, Red Bluff, CA 96080-9662
- Mobile home & RV parks
- 6.10 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 21795 Bnd Fry Rd
- Lot size
- 6.10 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
- APN
- 009-210-023-000
- APU
- 9210023000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 8, 2020 | — | Bend Mobile Home Park LLC | Jeremy Hill | Quit Claim Deed | — |
| Nov 20, 2019 | $1,600,000 | Jeremy Hill | Vine Properties LLC | Grant Deed | $1.1M · Royal Business Bank |
| Apr 11, 2008 | — | Vinc Properties LLC | North River Associates LLC | Trustees Deed | $1.1M · La Jolla Bk |
| Apr 11, 2008 | $1,550,000 | Vinc Properties LLC | North River Associates LLC | Grant Deed | $1.1M · La Jolla Bank Fsb |
| Jan 31, 2007 | $593,000 | North River Associates LLC | Brown Family 1985 Trust | Grant Deed | $293k · Brown Family 1985 Trust |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,830,000
- ML approach
- $1,725,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Red Bluff
- County
- Tehama
- State
- California
- Longitude
- -122.225
- Latitude
- 40.2638
- CBSA code
- 39780
- CBSA name
- RED BLUFF, CA MICROPOLITAN STATISTICAL AREA
