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Pine Grove Mobile Home Park 44614 State Highway 299 E 19 Unit Mobile Home Park $949,941 CAD ($49,997 CAD/Unit) 11.55% Cap Rate Mcarthur, CA 96056
Investment Highlights
- Quiet family-friendly mobile home park in the beautiful Fall River Valley situated on 4 acres of pines and open space
- 12 mobile home spaces in addition to 1 house, 4 cabins and 2 RV spaces / all age community / 100% occupied
- Served by well and septic systems with sub-metered electric / all septic tanks pumped recently.
- Endless development opportunities on adjacent 6.4 acre parcel, included in this sale, zoned mixed use (residential, commercial, light industrial)
- 8 mini-storage buildings available for resident use
- Proforma Cap Rate 11.55% / Proforma NOI $80,756
Executive Summary
Beautiful family-friendly mobile home park in the heart of the peaceful Fall River Valley. This property consists of two adjacent parcels totaling 10.4 acres. The park includes 12 mobile homes, 1 single family home, 4 cabins and 2 RV spaces. In addition, there are 8 mini-storage buildings on site.
Electricity is sub-metered and the park has its own well for water supply. There are 5 well-maintained septic systems - all of them pumped within the last 4 years, the most recent being this year. A utility room attached to the house contains a coin-operated washer and dryer for resident use.
The two parcels include approximately 6 acres of tillable land and are zoned mixed use, suitable for residential, commercial or light industrial.
Electricity is sub-metered and the park has its own well for water supply. There are 5 well-maintained septic systems - all of them pumped within the last 4 years, the most recent being this year. A utility room attached to the house contains a coin-operated washer and dryer for resident use.
The two parcels include approximately 6 acres of tillable land and are zoned mixed use, suitable for residential, commercial or light industrial.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro Forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,609
|
$14.66
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$36,862
|
$3.69
|
| Net Operating Income |
$109,747
|
$10.97
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,609 |
| Annual Per SF | $14.66 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $36,862 |
| Annual Per SF | $3.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $109,747 |
| Annual Per SF | $10.97 |
Property Facts
| Price | $949,941 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $49,997 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 10.40 AC |
| Cap Rate | 11.55% | Building Size | 10,000 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 3.8/1,000 SF |
| Zoning | Mixed Use - Both adjacent lots are zoned Mixed Use(Residential, Commercial, Light Industrial). The larger 6.4 acre parcel includes the two RV spaces and well. | ||
| Price | $949,941 CAD |
| Price Per Unit | $49,997 CAD |
| Sale Type | Investment |
| Cap Rate | 11.55% |
| Sale Condition | 1031 Exchange |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 10.40 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 3.8/1,000 SF |
| Zoning | Mixed Use - Both adjacent lots are zoned Mixed Use(Residential, Commercial, Light Industrial). The larger 6.4 acre parcel includes the two RV spaces and well. |
Amenities
Site Amenities
- Laundry Facilities
- Storage Space
Property Taxes
| Parcel Numbers | Improvements Assessment | $237,702 CAD (2025) | |
| Land Assessment | $250,211 CAD (2025) | Total Assessment | $487,913 CAD (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$250,211 CAD (2025)
Improvements Assessment
$237,702 CAD (2025)
Total Assessment
$487,913 CAD (2025)
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Pine Grove Mobile Home Park
Pine Grove Mobile Home Park | 44614 State Highway 299 E
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