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5553 Willows Rd 6 Unit Mobile Home Park $1,481,000 ($246,833/Unit) Alpine, CA 91901
Investment Highlights
- Land + Home Ownership: Investor owns all six manufactured homes and the underlying land, eliminating lot-lease risk and enhancing long-term control.
- Low Operating Expenses: Individually metered electric paid by tenants and on-site well water significantly reduce landlord utility costs.
- Strong In-Place Cash Flow: Fully occupied with rents ranging from $1,956 to $2,638 per unit, producing durable income from day one.
- Prime Demand Driver: Located almost directly across from a casino, supporting consistent tenant demand and rental stability.
Executive Summary
This is a mobile home park where you also own the 6 manufactured homes. At this price, the value of the homes make it as if you are getting the land almost for free. Some of the homes are newer and nice, all homes have big private yards. Each home has a dedicated electric meter, ie; tenants pay electric. Water is well keeping water costs down. Almost across from the Casino .77 acretam lot. Fully rented, month-to-month leases.
Unit 1 - 3/2 - $2,523 rent
Unit 2 - 2/2 - $1,960 rent
Unit 3 - 2/1 - $2,029 rent
Unit 4 - 3/2 - $1,956 rent
Unit 5 - 3/2 - $2,399 rent
Unit 6 - 3/2 $2,638 rent
Unit 1 - 3/2 - $2,523 rent
Unit 2 - 2/2 - $1,960 rent
Unit 3 - 2/1 - $2,029 rent
Unit 4 - 3/2 - $1,956 rent
Unit 5 - 3/2 - $2,399 rent
Unit 6 - 3/2 $2,638 rent
Property Facts
| Price | $1,481,000 | Building Class | C |
| Price Per Unit | $246,833 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 7,588 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2018 |
| Apartment Style | Garden | ||
| Zoning | C34 - SFR | ||
| Price | $1,481,000 |
| Price Per Unit | $246,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 7,588 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2018 |
| Zoning | C34 - SFR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 4 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 406-080-08 | Improvements Assessment | $275,602 |
| Land Assessment | $250,069 | Total Assessment | $525,671 |
Property Taxes
Parcel Number
406-080-08
Land Assessment
$250,069
Improvements Assessment
$275,602
Total Assessment
$525,671
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5553 Willows Rd