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Gardenland Trailer Court 420 Cleveland Ave 13 Unit Mobile Home Park $1,380,260 CAD ($106,174 CAD/Unit) 7.83% Cap Rate Sacramento, CA 95833
Investment Highlights
- 10 minutes to Downtown Sacramento - Easy access to I-5
- Seller Financing Available!
- All tenant-owned RVs
- City Water & Sewer
- Recent renovations (2019): roofs, paving, interior upgrades
- 7.83% In-Place Cap Rate — strong current yield in a compressed Northern California market
Executive Summary
Gardenland Trailer Court presents a unique opportunity in Sacramento with Seller Financing Available! Just 10 minutes from downtown. The property features a 13-unit mix of 7 RV spaces, a four-plex, and 2 single-family homes.
The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
Property Facts
| Price | $1,380,260 CAD | Building Class | C |
| Price Per Unit | $106,174 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 20,473 SF |
| Cap Rate | 7.83% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R-1 - Residential | ||
| Price | $1,380,260 CAD |
| Price Per Unit | $106,174 CAD |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 20,473 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1949 |
| Zoning | R-1 - Residential |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 274-0132-015 | Improvements Assessment | $466,499 CAD |
| Land Assessment | $437,343 CAD | Total Assessment | $903,843 CAD |
Property Taxes
Parcel Number
274-0132-015
Land Assessment
$437,343 CAD
Improvements Assessment
$466,499 CAD
Total Assessment
$903,843 CAD
Contacts
-
Dylan Brazil -
Pierce Brazil -
Thomas Beniamen -
Dimitre Petrov -
Commercial Real Estate Investors Inc
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Gardenland Trailer Court | 420 Cleveland Ave
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