7252 White House Dr
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7252 White House Dr
73 Unit Mobile Home Park $4,300,000 ($58,904/Unit) 7.03% Cap Rate Anderson, CA 96007
Investment Highlights
- Built in 1940
- 90% occupied
- No local rent control ordinances
- 73-site MH & RV Park
- Current rent average of $530 per site, with potential to reach $625 per site
- Utilities include well water and septic system; 30 & 50 amp electrical service
Executive Summary
Cottonwood Ridge presents an opportunity to own a high-occupancy park in California that does not have local rent ordinance restrictions with the ability to raise rents to increase cash flow.
Property Facts
| Price | $4,300,000 | Apartment Style | Low Rise |
| Price Per Unit | $58,904 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.75 AC |
| Cap Rate | 7.03% | Building Size | 810 SF |
| No. Units | 73 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 10/1,000 SF |
| Price | $4,300,000 |
| Price Per Unit | $58,904 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 10.75 AC |
| Building Size | 810 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 10/1,000 SF |
zoning
| Zoning Code | M-L |
| M-L |
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7252 White House Dr
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