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14135 Musso Rd 44 Unit Mobile Home Park $3,750,000 ($85,227/Unit) 7.91% Cap Rate Auburn, CA 95603
Investment Highlights
- Proforma Cap Rate is 13%+
- Strong In-Place Income with Clear Upside
- 9 Cabins, 1 Duplex, 10 Park-Owned Mobile Homes, 23 Spaces
Executive Summary
Turnkey investment opportunity in Auburn with strong in-place income and clear upside. Fully occupied 44-unit mobile home park with a waiting list, low vacancy risk and consistent demand. Unit mix includes 23 spaces, 10 park-owned mobile homes, 9 park-owned cabins, and 1 duplex, providing multiple income streams. Stable tenant base with long-term occupancy (many 15+ years) supports predictable cash flow. Recent upgrades to water and septic systems reduce future capital expenses. All utilities are sub-metered, helping control operating costs. Current cap rate is 7.91%. Pro forma cap rate exceeds 13% by aligning rents with market levels. Additional $600K+ value-add potential through repositioning and optimizing park-owned units. Clean, stable asset with strong yield and upside, built for long-term hold or strategic value-add execution.
Property Facts
| Price | $3,750,000 | Apartment Style | Garden |
| Price Per Unit | $85,227 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.73 AC |
| Cap Rate | 7.91% | Building Size | 5,000 SF |
| No. Units | 44 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built/Renovated | 1961/2026 |
| Zoning | RM-DL8-UP-DC | ||
| Price | $3,750,000 |
| Price Per Unit | $85,227 |
| Sale Type | Investment |
| Cap Rate | 7.91% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.73 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1961/2026 |
| Zoning | RM-DL8-UP-DC |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 44 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $24,622 | |
| Land Assessment | $381,722 | Total Assessment | $406,344 |
Property Taxes
Parcel Numbers
Land Assessment
$381,722
Improvements Assessment
$24,622
Total Assessment
$406,344
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14135 Musso Rd
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