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22113 Grand Terrace Rd 21 Unit Mobile Home Park $79,000 ($3,762/Unit) 7.60% Cap Rate Grand Terrace, CA 92313
Executive Summary
12.5% Fractional Ownership of Sycamore Mobile Home Park for $79,000! $2million appraisal in 2024. 10 new homes out of 21 total. Room for 17 more on site. Annual dividends. Depreciation passed along to owners in the form of a K-1. Gated and quiet community sitting on 3.17 acres with many trees. 10 minutes from UC Riverside.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
| Price | $79,000 | Building Class | C |
| Price Per Unit | $3,762 | Lot Size | 3.17 AC |
| Sale Type | Investment | Building Size | 1,289 SF |
| Cap Rate | 7.60% | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 10/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3; Medium Density | ||
| Price | $79,000 |
| Price Per Unit | $3,762 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.17 AC |
| Building Size | 1,289 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 10/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3; Medium Density |
Amenities
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Vintage Building
- Storage Space
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | - |
Property Taxes
| Parcel Number | 0275-211-32 | Improvements Assessment | $40,622 |
| Land Assessment | $580,292 | Total Assessment | $620,914 |
Property Taxes
Parcel Number
0275-211-32
Land Assessment
$580,292
Improvements Assessment
$40,622
Total Assessment
$620,914
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LAT Investments
22113 Grand Terrace Rd
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