Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    704-550 Bangham Ln Susanville, CA 96130
    Back to Search
    Property profile & analytics

    704-550 Bangham Ln, Susanville, CA 96130

    View on Map
    • Mobile home & RV parks
    • 2,238 SF
    • 5.19 lot acres
    For Sale
    $1,300,000
    View Listing →
    Lassen Mobile Home Park For Sale
    $1,300,000
    337,590 SF

    Lassen Mobile Home Park

    All-age mobile home park with 30 sites on 7.75 acres.

    704-550 Bangham Ln, Susanville, CA 96130
    View Listing
    Property ID
    US09-2604145
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lassen Mobile Home Park / Campground & RV Park

    Property Details for 704-550 Bangham Ln

    Year built
    1950
    Construction
    WOOD
    Lot size
    5.19 lot acres
    Property type
    Mobile home & RV parks
    APN
    116-130-010-000
    APU
    116130010000

    Description

    This fee-simple, 7.75-acre mobile home park in Susanville, CA, presents a compelling value-add investment opportunity. The property features 30 sites, including 28 mobile home sites and two single-family rentals, offering a current NOI of $118,623 and a 9.12% cap rate. Built in 1962, the park boasts paved roads, large lots (80-90 feet long by 30-40 feet wide), and fenced yards. Site rents range from $500 to $650, with single-family rental income at $830. The park has an on-site well and septic system, with electricity provided by PG&E (8 sites sub-metered) and gas by Ed's Propane (direct billed for most). Trash service is provided by Lassen County. Currently, there are four vacant sites and three vacant homes, presenting immediate upside potential in a high-demand rental market. The property also includes two additional 2.55-acre parcels zoned for residential use, offering further development possibilities. The asking price is $1,300,000, with a price per pad of $43,333.33. The property's current occupancy is 73%, projected to reach full occupancy by November 12, 2024. There are no local rent stabilization ordinances. This well-maintained, all-age community offers a stable return with significant upside potential. Note that buyers are responsible for conducting their own due diligence regarding potential development on the additional acreage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Susanville
    County
    Lassen
    State
    California
    Longitude
    -120.591
    Latitude
    40.3834
    CBSA code
    45000
    CBSA name
    SUSANVILLE, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,412
    $593,847
    $319,342
    $913,189
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.30 Acres

      Susanville, CA 96130

      MOBILE HOME PARK, TRAILER PARK
      Susanville, CA 96130
      View Details
    • Value Estimation
      $510,000
      1,440 SF

      2965 Johnstonville Rd

      MOBILE HOME PARK, TRAILER PARK
      2965 Johnstonville Rd, Susanville, CA 96130-4720
      View Details
    • Value Estimation by Request
      1,476 SF

      3075 Johnstonville Rd

      MOBILE HOME PARK, TRAILER PARK
      3075 Johnstonville Rd, Susanville, CA 96130-9151
      View Details
    • Value Estimation by Request
      6.04 Acres

      2000 Paiute Ln

      MOBILE HOME PARK, TRAILER PARK
      2000 Paiute Ln, Susanville, CA 96130-3550
      View Details
    • Value Estimation by Request
      732 SF

      290 Russell Ave

      MOBILE HOME PARK, TRAILER PARK
      290 Russell Ave, Susanville, CA 96130-4258
      View Details
    • Value Estimation by Request
      2,687 SF

      2000 Ash St

      MOBILE HOME PARK, TRAILER PARK
      2000 Ash St, Susanville, CA 96130-3787
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      337,590 SF

      Lassen Mobile Home Park

      All-age mobile home park with 30 sites on 7.75 acres.
      704-550 Bangham Ln, Susanville, CA 96130
      View Details
    • Contact for pricing
      6,000 SF

      Grocery Store with Apartments Above

      Grocery store, butcher shop, and apartments in Susanville, CA.
      2120 Main St, Susanville, CA 96130
      View Details
    • Contact for pricing
      2,048 SF

      Uptown Susanville Office Opportunity

      Versatile office space, potential for various business types.
      701 Nevada St, Susanville, CA 96130
      View Details
    • Contact for pricing

      Main Street Lot in Susanville

      10,366 sqft lot on Main St in Susanville, CA.
      830 Main St, Susanville, CA 96130
      View Details
    • $339,950
      159.27 Acres

      Susanville Land with Grazing Potential

      159.27 acres of rural land near Butte Lake.
      501-050 Hwy 44, Susanville, CA 96130
      View Details
    • Contact for pricing
      102,366 SF

      Commercial Land Near Walmart Store

      2.35-acre commercial land parcel near Walmart, demolition included.
      2772 Main St, Susanville, CA 96130
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    704-550 Bangham Ln
    Susanville, CA 96130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    704-550 Bangham Ln, Susanville, CA, 96130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!