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Browse More Listings in Multifamily For Sale, Lancaster, CA or California

Multifamily Property For Sale

Antelope Valley Mobilehome Park

3000 Lancaster Rd, Lancaster, CA 93535

Price:
$795,000
No. Spaces:
21
Price/Space:
$37,857.14
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Multifamily (land)
Residential (land)
Property Use Type:
Investment
Cap Rate:
10.10%
Occupancy:
100%
Lot Size:
871,200 SF
Find Out More...

Last Verified 11/4/2009 Listing ID 16274360

Description

MOTIVATED SELLER. 10.1% CAP on ACTUALS. Excellent Cash Flow. Owner Financing. 21 units fully occupied (12 tenant owned mobilehomes, 8 park owned, one apartment unit, 20 acres parcel). One mile from lake with boating and bbq. No rent control. Long-term tenants, stable management.

PLEASE DO NOT GO ONSITE, manager is not aware that park is for sale.

Antelope Valley is 30 minutes North of Los Angeles City/San Fernando Valley. Property is a 5 Minutes drive from brand new Super-Walmart, Super-Target, Lowes and freeway. Located within sight of to the Lake. Contact agent for exact address and directions.

Commission Split: 3.5%

Financial Summary

Space Mix Information

Debt & Equity Information

Actual
Scheduled Gross Income
$116,760
Operating Expenses
$33,739
Net Operating Income
$80,102
Pre-Tax Cash Flow
$48,502

Description	No. Spaces	Avg. Mo. Rent
Mobilehomes	12	$303
Park Owned	8	$708
Apt	1	$295

Map of 3000 Lancaster Rd, Lancaster, CA 93535 (Los Angeles County)

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Contact Listing Broker

Bill Thomas (661) 695-7302

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Created 6/10/2009

Additional Information for 3000 E Lancaster Boulevard, Lancaster, CA 93535

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Antelope Valley Mobilehome Park

3000 Lancaster Rd, Lancaster, CA, 93535