7025 Eastside Rd Anderson, CA 96007-8911
- Mobile home & RV parks
- 672 SF
- 3.70 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 7025 Eastside Rd
- Year built
- 1981
- Lot size
- 3.70 lot acres
- Property size
- 672 SF
- Zone code
- C-M-DR
- Property type
- Mobile home & RV parks
- APN
- 050-070-005-000
- APU
- 50070005000
Description
This established 16-pad mobile home park in Anderson, CA, presents a compelling investment opportunity with a current 9.24% cap rate and a pro-forma cap rate of 10.18%. The property boasts 100% occupancy, generating a current NOI of $106,273 and a pro-forma NOI of $117,066. Situated on a 3.88-acre lot (161,174 sq ft), the park features a well-maintained infrastructure including a septic system, a Shasta County regulated water well, and updated PG&E electrical and gas lines with individual metering. All 16 pads are occupied by tenants who own their homes, providing a stable and predictable income stream. The park includes a convenient circular gravel driveway and mature shade trees. Additional income potential exists through the installation of coin-operated laundry in the vacant laundry room. The commercially zoned rear portion of the property offers further expansion opportunities, subject to buyer verification. The property's Class C designation and stabilized investment type indicate a solid foundation for future growth. Built over 30 years ago, this park offers a proven track record and significant upside potential. The asking price is $1,150,000, translating to a price per pad of $71,875. APN: 050-070-005-000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Anderson
- County
- Shasta
- State
- California
- Longitude
- -122.357
- Latitude
- 40.491
- CBSA code
- 39820
- CBSA name
- REDDING, CA METROPOLITAN STATISTICAL AREA