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24680 Hidden Harbor Dr 95 Unit Mobile Home Park $2,750,000 ($28,947/Unit) 6.65% Cap Rate Los Molinos, CA 96055
Investment Highlights
- Waterfront Location
- Adjacent to Mill Creek Park
- Occupancy Upside
- Diversified Revenue
- Seller Financing Available
Executive Summary
SELLER FINANCING AVAILABLE! Hidden Harbor Marina & RV Park is a rare 95-site waterfront investment opportunity located at 24680 Hidden Harbor Way in Los Molinos, California. Situated on approximately nine acres along the Sacramento River, the property features a diversified mix of manufactured housing and RV sites, cabins, apartments, RV storage, laundry facilities and additional ancillary income streams. Residents and guests enjoy direct river frontage, fishing access and a private boat launch. Currently operating at approximately 60% occupancy, Hidden Harbor offers substantial value-add potential through professional management, targeted marketing, lease-up of vacant sites and cabins, utility reimbursements and rental-rate growth. The property is not subject to rent control and is offered at an attractive basis of approximately $28,947 per permitted site. Favorable seller financing is available with 25% down and a $2,062,500 seller-carried note at 3.5% interest-only. This offering presents a compelling opportunity to acquire an irreplaceable Northern California riverfront asset with immediate cash flow, low-cost financing and significant upside.
Property Facts
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $28,947 | Building Class | C |
| Sale Type | Investment | Lot Size | 7.18 AC |
| Cap Rate | 6.65% | Building Size | 4,000 SF |
| No. Units | 95 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 3.75/1,000 SF |
| Zoning | RE-MH-B:10 - Residential | ||
| Price | $2,750,000 |
| Price Per Unit | $28,947 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| No. Units | 95 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 7.18 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 3.75/1,000 SF |
| Zoning | RE-MH-B:10 - Residential |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 95 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $497,349 | |
| Land Assessment | $169,039 | Total Assessment | $666,388 |
Property Taxes
Parcel Numbers
Land Assessment
$169,039
Improvements Assessment
$497,349
Total Assessment
$666,388
Contacts
-
Pierce Brazil -
Dimitre Petrov -
Dylan Brazil -
Commercial Real Estate Investors Inc
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