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Executive Summary

Exceptional opportunity to acquire a 26-space mobile home park offered at $550,000, equating to approximately $21,150 per space, well below typical market pricing and positioned for a quick sale due to seller health circumstances. The property currently has rents ranging from $500 to $600 per month and presents a value-add opportunity, as current operations are not yet optimized and the asset is not presently producing positive cash flow. This creates significant upside for an investor to improve management, fill spaces with RV or Mobile/Manufactured Homes, and enhance overall performance. Once stabilized, the property has the potential to deliver a projected cap rate exceeding 15%, making it an attractive repositioning opportunity in the resilient affordable housing sector. In addition, ownership offers valuable depreciation tax benefits, which may help offset taxable income and improve overall returns (buyers to verify with their tax advisor). Offering private financing with $170,000 down, providing a flexible acquisition structure and reducing reliance on traditional lending. This is a rare chance to acquire a below-market asset with substantial upside and long-term growth potential.

Property Facts

Price $550,000
Price Per Unit $21,154
Sale Type Investment
Sale Condition Business Value Included
No. Units 26
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Single-Family Home
Building Class C
Lot Size 8.47 AC
Building Size 264 SF
No. Stories 1
Year Built 1960
Opportunity Zone Yes
Zoning C2 - Commercial
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
  • Listing ID: 40079483

  • Date on Market: 4/8/2026

  • Last Updated:

  • Address: 245 S. Railroad Flat Rd, Rail Road Flat, CA 95248

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