Property summary
This exceptional 10.41-acre RV park and campground, nestled at the base of Mt. Palomar in Pauma Valley, CA (zip code 92061, address: 31718 S Grade Rd), presents a compelling value-add investment opportunity. Currently boasting 46 spaces, with 32 (approximately 70%) occupied by long-term tenants, this Class C multifamily property offers significant upside potential. Long-term rental rates are estimated to be approximately 30% below market value, presenting a clear path to increased profitability. The park features a diverse range of accommodations, including RV sites, cabins, and glamping tents. Existing amenities include a recently renovated pool with solar heating, a basketball court, and a store/office with a game room. An additional 15 acres of expansion land provides ample room for future growth and development. The large, currently underutilized, front area is currently used as a softball field. The property's strategic location near five casino resorts (Pala Resort & Casino, Pala Moto Speedway, Pauma Valley Casino, Harrah's Rincon Casinos, and Valley View Casino) and popular outdoor attractions such as Mt. Palomar and Lake Henshaw ensures consistent demand. This "city close/country quiet" location offers a unique blend of convenience and natural beauty. The asking price is $2,200,000, with a price per unit of $47,826.09.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
RESTRICTED COMMERCIAL · Pauma Valley, CAZoning
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Zoning designation
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