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1042 Evans Rd - Royal Oaks Mobile Home Park 1,200 SF Specialty Building Offered at $260,000 at a 10.14% Cap Rate in Wofford Heights, CA 93285
INVESTMENT HIGHLIGHTS
- On hillside with some views of Lake Isabella
- Several upside opportunities
- Residents have a forest lifestyle
EXECUTIVE SUMMARY
Attractive woodsy Mobile Home Park on 2.7 acres in Wofford Heights community next to Lake Isabella. There is an SFR, a clubhouse, and 16 MH/RV spaces, one of which is currently used for parking. 12 residents currently paying space rent , and 4 spaces available. They pay $325/month as of Nov 1,2025. The on-site manager lives in the SFR on the property with a garage, and another structure has been partially rehabbed for the clubhouse. Manager has been increasing revenues (projected cap rate for 2026 is 10%!!) and there is still substantial potential to increase further. All ages park. Enjoy the Southern Sierra Nevada Mountains. Sellers will NOT consider seller financing, and are FIRM on price.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$76,500
|
$63.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,500
|
$63.75
|
| Taxes |
$7,187
|
$5.99
|
| Operating Expenses |
$42,950
|
$35.79
|
| Total Expenses |
$50,137
|
$41.78
|
| Net Operating Income |
$26,363
|
$21.97
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $76,500 |
| Annual Per SF | $63.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,500 |
| Annual Per SF | $63.75 |
| Taxes | |
|---|---|
| Annual | $7,187 |
| Annual Per SF | $5.99 |
| Operating Expenses | |
|---|---|
| Annual | $42,950 |
| Annual Per SF | $35.79 |
| Total Expenses | |
|---|---|
| Annual | $50,137 |
| Annual Per SF | $41.78 |
| Net Operating Income | |
|---|---|
| Annual | $26,363 |
| Annual Per SF | $21.97 |
PROPERTY FACTS
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1042 Evans Rd - Royal Oaks Mobile Home Park
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