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Morton Mobile Home Park 17653-17663 Vierra 17663 Vierra Canyon Rd 11 Unit Mobile Home Park $5,799,000 ($527,182/Unit) 4.60% Cap Rate Salinas, CA 93907
Investment Highlights
- Registered Seven Space Mobile home park - 6 Existing Owner Owned Mobile Homes
- 6 legal and seperately conveyable parcels and apns
- 17659 Vierra apn: 125-171-032/17661 Vierra apn: 125-171-034/17663 Vierra apn: 125-171-058
- Four single family residences
- 17653 Vierra apn: 125-171-020/ 17655 Vierra apn: 125-171-059/ 17657 Vierra apn: 125-171-033
- Room for additional unit, storage or expansion
Executive Summary
Prime investment opportunity. Directly behind the Safeway shopping center in Prunedale. Paved access. Mobile home park is registered as a 7 space mobile home park. There are six existing owner owned mobile homes - leaving an additional space to be added. Six separate legal parcels that convey separately. 4 single family homes. All except owner occupied are at market rents. Mobile units are either dmv or hud registered - none are attached via a 433A as real property. Room to expand with additional units on the total of 6.61 acres.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,799,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $527,182 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.60% | Lot Size | 6.61 AC |
| Sale Condition | 1031 Exchange | Building Size | 17,120 SF |
| Gross Rent Multiplier | 17.6 | Average Occupancy | 98% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Zoning | sfr + mobile home - Single Family, multi-family, mobile home park, mobile home. | ||
| Price | $5,799,000 |
| Price Per Unit | $527,182 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.6 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 6.61 AC |
| Building Size | 17,120 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | sfr + mobile home - Single Family, multi-family, mobile home park, mobile home. |
Amenities
Site Amenities
- 24 Hour Access
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $2,089 | 989 |
| 1+1 | 3 | $1,594 | 700 - 750 |
| 2+2 | 3 | $2,748 | 950 - 1,634 |
| Studios | 1 | $2,595 | 750 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $910,068 | |
| Land Assessment | $1,265,130 | Total Assessment | $2,175,198 |
Property Taxes
Parcel Numbers
Land Assessment
$1,265,130
Improvements Assessment
$910,068
Total Assessment
$2,175,198
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Morton Mobile Home Park 17653-17663 Vierra | 17663 Vierra Canyon Rd
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