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Gardenland Trailer Court 420 Cleveland Ave 13 Unit Mobile Home Park $1,150,000 ($88,462/Unit) 6.88% Cap Rate Sacramento, CA 95833
Investment Highlights
- 10 minutes to Downtown Sacramento - Easy access to I-5
- 100% occupied with long-term tenancy
- All tenant-owned RVs
- City Water & Sewer
- Recent renovations (2019): roofs, paving, interior upgrades
Executive Summary
Gardenland Trailer Court presents a unique value-add opportunity in Sacramento, just 10 minutes from downtown. The property features a 13-unit mix of 7 RV spaces, a fourplex of studio units, and 2 single-family homes.
The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
The asset is fully permitted and licensed as a mobile home park with long-term, tenant-owned RVs, providing stable occupancy and low operating expenses. The property is serviced by city water and sewer, offering the ability to implement a RUBS program to increase income.
Additional upside exists through below-market rents and operational improvements. The property has undergone recent capital improvements in 2019, including new roofs, paving, and interior renovations on four units. Ideally located with easy access to I-5, major retail corridors, and approximately 8 miles from Sacramento International Airport.
Property Facts
| Price | $1,150,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $88,462 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.47 AC |
| Cap Rate | 6.88% | Building Size | 20,473 SF |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1949 |
| Zoning | R-1 - Residential | ||
| Price | $1,150,000 |
| Price Per Unit | $88,462 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 20,473 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Zoning | R-1 - Residential |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 274-0132-015 | Improvements Assessment | $339,586 |
| Land Assessment | $318,362 | Total Assessment | $657,948 |
Property Taxes
Parcel Number
274-0132-015
Land Assessment
$318,362
Improvements Assessment
$339,586
Total Assessment
$657,948
Contacts
-
Pierce Brazil -
Dylan Brazil -
Thomas Beniamen -
Commercial Real Estate Investors Inc
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Gardenland Trailer Court | 420 Cleveland Ave
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