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19615 Olinda Rd
Anderson, CA 96007
Canyon Creek Park · Multifamily Property For Sale
·
20,768 SF
Investment Highlights
- Current cap rate of 6.62% with a year 2 proforma cap rate of 9.77%
- Excellent opportunity for lease up with current occupancy at 79.17% and local market occupancy at 98.81%
- 3-min drive to downtown Anderson and 15-min drive to downtown Redding
- Rent increase effective January 1, 2023, bringing all existing lots to $500 and new incoming tenants to $525
- 24 spaces reflecting 15 occupied tenant-owned homes, 4 occupied tenant-owned RVs, 2 vacant park-owned homes, and 3 empty pads with utilities in-place
- Below market rents in a stable northern CA market
Property Facts
| No. Units | 24 | Building Size | 20,768 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1963 |
| Building Class | C | Parking Ratio | 53.57/1,000 SF |
| Lot Size | 5.00 AC | ||
| Zoning | R-R - Residential | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 20,768 SF |
| Average Occupancy | 79% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 53.57/1,000 SF |
| Zoning | R-R - Residential |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
Property Taxes
| Parcel Number | 202-710-010-000 | Improvements Assessment | $655,452 |
| Land Assessment | $312,120 | Total Assessment | $967,572 |
Property Taxes
Parcel Number
202-710-010-000
Land Assessment
$312,120
Improvements Assessment
$655,452
Total Assessment
$967,572
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