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Driftwood & River Inn Parks 24630-24660 Tehama Vina Rd 71 Unit Mobile Home Park $2,962,657 CAD ($41,728 CAD/Unit) Los Molinos, CA 96055
Executive Summary
Riverside Crossing Mobile Home & RV Park is a rare riverfront value-add investment opportunity located along the Sacramento River in Los Molinos, CA. The property is situated on approximately 9.9 acres and includes approximately 70 mobile home/RV sites plus an additional apartment.
The offering presents significant upside through lease-up, rent growth, operational improvements, utility reimbursement, and potential activation of underutilized riverfront areas. Current occupancy is approximately 40%, creating a clear stabilization opportunity for an experienced operator.
The property benefits from approximately 700 feet of Sacramento River frontage, proximity to Mill Creek Park, nearby boat launch access, and convenient regional connectivity to Chico, Red Bluff, and surrounding Northern California markets.
Ownership may consider attractive seller financing terms for qualified buyers. Buyer to verify all site counts, zoning, permits, financials, expansion potential, and future use.
Listing Highlights:
Asking Price: $2,150,000
Approx. 70 Mobile Home/RV Sites + Apartment
Approx. 9.9 Acres / 431,243 SF
Current Gross Income: $261,932
Pro Forma Gross Income: $561,600
Current NOI: $27,356
Pro Forma NOI: $298,944
Current Cap Rate: 1.27%
Pro Forma Cap Rate: 13.90%
Current GRM: 8.21x
Pro Forma GRM: 3.83x
Price Per Space: Approx. $30,714
Current Occupancy: Approx. 40%
Seller Financing May Be Available
The offering presents significant upside through lease-up, rent growth, operational improvements, utility reimbursement, and potential activation of underutilized riverfront areas. Current occupancy is approximately 40%, creating a clear stabilization opportunity for an experienced operator.
The property benefits from approximately 700 feet of Sacramento River frontage, proximity to Mill Creek Park, nearby boat launch access, and convenient regional connectivity to Chico, Red Bluff, and surrounding Northern California markets.
Ownership may consider attractive seller financing terms for qualified buyers. Buyer to verify all site counts, zoning, permits, financials, expansion potential, and future use.
Listing Highlights:
Asking Price: $2,150,000
Approx. 70 Mobile Home/RV Sites + Apartment
Approx. 9.9 Acres / 431,243 SF
Current Gross Income: $261,932
Pro Forma Gross Income: $561,600
Current NOI: $27,356
Pro Forma NOI: $298,944
Current Cap Rate: 1.27%
Pro Forma Cap Rate: 13.90%
Current GRM: 8.21x
Pro Forma GRM: 3.83x
Price Per Space: Approx. $30,714
Current Occupancy: Approx. 40%
Seller Financing May Be Available
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
Site Amenities
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 72 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $602,954 CAD | |
| Land Assessment | $893,164 CAD | Total Assessment | $1,496,118 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$893,164 CAD
Improvements Assessment
$602,954 CAD
Total Assessment
$1,496,118 CAD
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Driftwood & River Inn Parks | 24630-24660 Tehama Vina Rd
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