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25433 South Ave
Corning, CA 96021
Woodson Bridge RV Park · Multifamily Property For Sale · 350,000 SF
Investment Highlights
- 73.13% occupied, 4-star all-age MHRV park
- 134 spaces (34 mobile home & 100 full hookup RV spaces)
- Long-term & seasonal residential demand
- Situated on 7.05 acres directly east of the Sacramento River
- Priced at a 9.51% capitalization rate or ~$23,768 / space
- Onsite amenities include dock & river access, a residential clubhouse, RV storage, a laundry room, & a fish cleaning station
PROPERTY FACTS
| No. Units | 134 | Lot Size | 8.05 AC |
| Property Type | Multifamily | Building Size | 350,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Building Class | C | Year Built | 1953 |
| No. Units | 134 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 8.05 AC |
| Building Size | 350,000 SF |
| No. Stories | 1 |
| Year Built | 1953 |
Site Amenities
- Clubhouse
- Laundry Facilities
- Waterfront
- Storage Space
- Dock
About 25433 South Ave , Corning, CA 96021
As an Exclusive Advisor, MHP Brokerage is pleased to present for sale, Woodson Bridge RV Park located in Corning, California. Currently 73.13% occupied, the 4-star, all-age MHRV park consists of 134 total spaces (34 mobile homes & 100 full hookup RV spaces). Uniquely positioned ~8.5 miles east of Interstate 5 and ~3.5 miles west of CA-99 in Northern California, Woodson Bridge’s tenant base consists primarily of long-term residents, in addition to seasonal residents during the spring & summer months which keep the asset near full occupancy while in-season. The Offering is priced at $3,185,000, which equates to a 9.51% capitalization rate, or ~$23,768 / space. Situated on 7.05 acres, Woodson Bridge is located ~19 miles south of Red Bluff & ~100 miles north of Sacramento. The asset includes several onsite amenities for residents, such as dock & river access, a residential clubhouse, RV storage, a laundry room, & a fish cleaning station. Sitting directly east of the Sacramento River, Woodson Bridge is the largest of ten permitted MHRV parks located in Corning and was built in 1949. The asset has maintained pride of ownership as the premier Tehama County MHRV destination for long-term & short term seasonal residents.
PROPERTY TAXES
| Parcel Number | 079-220-002-000 | Improvements Assessment | $937,442 |
| Land Assessment | $777,871 | Total Assessment | $1,715,313 |
PROPERTY TAXES
zoning
| Zoning Code | PF |
| PF |
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