31718 Grade Rd Pauma Valley, CA 92061-9702
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RESTRICTED COMMERCIAL · Pauma Valley, CAPauma Valley. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.