689 Main Street, Loleta, CA 95551

$650,000
List Price
$650,000
Price Change
▼ $23,700 1590528525
MLS#
255092
Acres
3
Year Built
1940

Property Description

An unusual opportunity to obtain a great investment property with an excellent long term history and room for expansion. The combination mobile home and R.V. park is located in the up and coming town of Loleta with lovely pasture and distant ocean views. In addition to the income from the base rent, there are laundry room and miscellaneous charges for some tenants. The park has a zero vacancy rate and receives calls constantly asking if there are any spaces available. The sale also includes the pasture land between the park and the old highway, which I believe would make an excellent expansion area.The Park is master meter and I want to make it clear this is a hands on management property, but what a money maker. Gross income is $128,000 Expenses are $68,000. We feel rent control has been a benefit for the park, we now raise rents annually but do not raise them as much as allowed by the county. This Property is broker owned and we are the third owner. The Park with only be sold with an owner carry, but will consider a tri plex or four plex in partial trade.

Additional Information

Style
Over 10 Units
Stories
One Story
View
Ocean, Panoramic, Pasture, Valley
Construction
Other
Lot Description
Near Shopping, Pasture View
Fenced
Partial
Garage Type
None
Garage Description
21 or More Spaces, On Site
School District
Loleta
Heating
None
Water
Public
Sewer
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of .