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Morton Mobile Home Park 17653-17663 Vierra 17663 Vierra Canyon Rd 11 Unit Mobile Home Park $8,094,940 CAD ($735,904 CAD/Unit) 4.60% Cap Rate Salinas, CA 93907
INVESTMENT HIGHLIGHTS
- Registered Seven Space Mobile home park - 6 Existing Owner Owned Mobile Homes
- 6 legal and seperately conveyable parcels and apns
- 17659 Vierra apn: 125-171-032/17661 Vierra apn: 125-171-034/17663 Vierra apn: 125-171-058
- Four single family residences
- 17653 Vierra apn: 125-171-020/ 17655 Vierra apn: 125-171-059/ 17657 Vierra apn: 125-171-033
- Room for additional unit, storage or expansion
EXECUTIVE SUMMARY
Prime investment opportunity. Directly behind the Safeway shopping center in Prunedale. Paved access. Mobile home park is registered as a 7 space mobile home park. There are six existing owner owned mobile homes - leaving an additional space to be added. Six separate legal parcels that convey separately. 4 single family homes. All except owner occupied are at market rents. Mobile units are either dmv or hud registered - none are attached via a 433A as real property. Room to expand with additional units on the total of 6.61 acres.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $8,094,940 CAD | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $735,904 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.60% | Lot Size | 6.61 AC |
| Sale Condition | 1031 Exchange | Building Size | 17,120 SF |
| Gross Rent Multiplier | 17.6 | Average Occupancy | 98% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | sfr + mobile home - Single Family, multi-family, mobile home park, mobile home. | ||
| Price | $8,094,940 CAD |
| Price Per Unit | $735,904 CAD |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.6 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 6.61 AC |
| Building Size | 17,120 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | sfr + mobile home - Single Family, multi-family, mobile home park, mobile home. |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $2,916 CAD | 989 |
| 1+1 | 3 | $2,225 CAD | 700 - 750 |
| 2+2 | 3 | $3,835 CAD | 950 - 1,634 |
| Studios | 1 | $3,622 CAD | 750 |
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Morton Mobile Home Park 17653-17663 Vierra | 17663 Vierra Canyon Rd
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