3970 Castro Valley Blvd | Castro Valley, CA 94546
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- LoopNet Team
3970 Castro Valley Blvd
Castro Valley, CA 94546
Avalon Mobile Home Park · Multifamily Property For Sale
·
522 SF
INVESTMENT HIGHLIGHTS
- 49-Space Mobile Home Park Community situated on 2.4 acres in Castro Valley, adjacent to Castro Valley Blvd & 1-mi distance to I-580
- Significant NOI upside through leasing three vacant units, increasing below market space rents, and implementing top-of-line management
- Avalon Mobile Home Park is one of only eight mobile home communities in Castro Valley & represents approximately 15.8% of the market
- The property is currently 93.8% leased and grossing approximately $384,000 with the average space rent being 55% below market value
- Renting of three (3) vacant spaces at market rate will add an additional $62,400 of annual gross income
- Vacancy decontrol allows for investor to rent spaces at market rate once becoming vacant
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Security System
- Recycling
- Trash Pickup - Curbside
- Maintenance on site
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