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2030 E Grayson Rd 46 Unit Mobile Home Park $6,440,203 CAD ($140,004 CAD/Unit) 7.04% Cap Rate Ceres, CA 95307
Investment Highlights
- Non-Rent Controlled Market
- City Water | All Utilities Besides Septic Billed Back
- Extensive Capital Improvements in Past 6 Months
- Direct Billed Electric
Executive Summary
Ceres West Mobile Home Park, located at 2030 East Grayson Road in Ceres, California, is licensed by HCD for 43 MH Spaces. The property currently includes 43 mobile home/RV spaces, 2 apartment units, and 1 single-family residence. There are presently 2 vacant spaces. The community sits on approximately 3.71 acres and offers a well-balanced utility structure designed to promote operational efficiency and expense recovery. Water and gas are sub-metered and billed directly to tenants, electricity is paid directly by residents, trash is recovered through a flat pass-through fee, and septic service is included in base rent. Ceres West is an all-age community, appealing to a broad tenant base. The most recent rent increase took effect on January 1, 2026.
Over the past six months, ownership has invested approximately $400,000 in capital improvements. These upgrades include installation of a brand-new septic system, full repaving of the park, extensive tree work, and a complete renovation of the on-site laundry facility.
Over the past six months, ownership has invested approximately $400,000 in capital improvements. These upgrades include installation of a brand-new septic system, full repaving of the park, extensive tree work, and a complete renovation of the on-site laundry facility.
Property Facts
| Price | $6,440,203 CAD | Building Class | C |
| Price Per Unit | $140,004 CAD | Lot Size | 3.71 AC |
| Sale Type | Investment | Building Size | 5,326 SF |
| Cap Rate | 7.04% | Average Occupancy | 95% |
| Gross Rent Multiplier | 9.01 | No. Stories | 1 |
| No. Units | 46 | Year Built/Renovated | 1964/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $6,440,203 CAD |
| Price Per Unit | $140,004 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 9.01 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.71 AC |
| Building Size | 5,326 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2025 |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 46 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 041-32-23 | Improvements Assessment | $2,833,407 CAD |
| Land Assessment | $502,217 CAD | Total Assessment | $3,335,624 CAD |
Property Taxes
Parcel Number
041-32-23
Land Assessment
$502,217 CAD
Improvements Assessment
$2,833,407 CAD
Total Assessment
$3,335,624 CAD
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2030 E Grayson Rd
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