48303 N 20th Street West, Lancaster, CA, 93534 - Available for Sale

Multifamily For Sale

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L e i s u r e L a k e 55+ MHC 5 STAR

48303 N 20th Street West, Lancaster, CA 93534

$14,000,000

211 Spaces | Multifamily

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www.cbre.com/MHRV

Multifamily Property For Sale Get Financing

Price:
$14,000,000
No. Spaces:
211
Price/Space:
$66,350.71
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Self/ Mini-Storage
Facility
Garden/Low-Rise
Congregate Senior Housing
Property Use Type:
Investment
Lot Size:
137 SF
Listing ID
17416525
Last Updated
13 days ago

Find Out More...

Highlights

  • No Rent Control Well Established Occupancy
  • Los Angeles County - 5 Star, 55+ Community
  • Low Density Room to Expand 137 Acres
  • On Lake, Doublewides, Clubhouse, Pool
  • Stable Cash Flow Strong With No Distress
  • On City Sewer and Direct Bill Electric

Description

CBRE/MHRV GROUP: One of the nicest parks in LA County offers incredible lakefront living or greenbelt frontage for every site in this attractive community. Some spaces have enclosed yards and patios. It' s a High-Desert Oasis. Located in the unincorporated area of Los Angeles county this park does not have any rent control. Space rents are $382, $390, $409, $437 and $483 depending upon the size and location in the park. Electric is directly billed, Gas is submetered, Trash is a flat rate of $5.96, Capital Improvements are currently passed through at $11.00 per month. The park is served by city sewer and onsite wells for water.

All of the homes in the park are doublewide and in good condition. Amenities include a large clubhouse, pool, spa, gated entrance and the lake.

The park sits on approximately 37 acres leaving approximately 100 acres available for future development or expansion.

This is an incredible opportunity to purchase a 5 star, 55+ manufactured home community with expansion potential for less $67,000 per space. We have not seen a non rent controlled Los Angeles county community of this quality sell for under $70,000 in very long time.

Do not contact or disturb tenants or manager. All visits must be approved by listing brokers prior to visit. For more information please refer to the links above or contact Norman Sangalang or Vince Reynolds. CBRE's National "MHRV GROUP" has parks for sale across the Continental U.S. and Canada.

Map of 48303 N 20th Street West, Lancaster, CA 93534 (Los Angeles County)

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Presented by CBRE - MHRV Advisors
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More from:

Norman Sangalang
Norman Sangalang

Mobile Home Park & RV Park Sales & Loan Brokerage

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Asking Price Index Trends for Lancaster, CA Multifamily For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$147,549-0.1%+8.9%
-
Metro
$185,172+2.8%+14.7%
-
County
$184,716+2.5%+14.5%

View Lancaster Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 11/15/2011
L e i s u r e L a k e 55+ MHC 5 STAR
  • Multifamily
  • $14,000,000
  • 211 Spaces