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Investment Highlights

  • Prime value-add mobile home park investment in Clearlake
  • Strong demand driver for affordable housing in the local market
  • Large potential for enhanced cash flow through strategic management
  • Significant upside through rent growth and operational efficiencies
  • Opportunity to improve occupancy and increase NOI over time

Executive Summary

Exceptional value-add opportunity in the heart of Clearlake. This mobile home park offers investors the rare chance to acquire a well-located asset with significant upside potential through strategic management, operational improvements, and future site optimization. Positioned in a growing rental market with strong demand for affordable housing, the property features a desirable layout, convenient access to local amenities, and long-term income growth potential.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,562,639 CAD
Price Per Unit $116,484 CAD
Sale Type Investment
Cap Rate 1.81%
Gross Rent Multiplier 12.12
No. Units 22
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 2.58 AC
Building Size 4,439 SF
No. Stories 1
Year Built 1965
Opportunity Zone Yes
Zoning MUR
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
040-310-070-000
Land Assessment
$3,680,986 CAD
Improvements Assessment
$1,089,570 CAD
Total Assessment
$4,770,556 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 40680724

  • Date on Market: 2026-05-27

  • Last Updated:

  • Address: 5755 Old Highway 53, Clearlake, CA 95422

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