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Penngrove Village 6070 Old Redwood Hwy 44 Unit Mobile Home Park $4,630,000 ($105,227/Unit) 6.30% Cap Rate Penngrove, CA 94951
INVESTMENT HIGHLIGHTS
- Completed CPUC utility upgrade of gas and electric infrastructure.
- 100% occupied with market rent for RV turnover and 5% increases for mobilehome turnover.
- New exterior siding to the park-owned structures.
- Asphalt streets replaced and overlaid.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,630,000 | Building Class | C |
| Price Per Unit | $105,227 | Lot Size | 3.18 AC |
| Sale Type | Investment | Building Size | 13,698 SF |
| Cap Rate | 6.30% | Average Occupancy | 100% |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 44 | Year Built/Renovated | 1974/2024 |
| Property Type | Multifamily | Parking Ratio | 4.09/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | M1 | ||
| Price | $4,630,000 |
| Price Per Unit | $105,227 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Sale Condition | Business Value Included |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.18 AC |
| Building Size | 13,698 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2024 |
| Parking Ratio | 4.09/1,000 SF |
| Zoning | M1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 6070 OLD REDWOOD HWY , PENNGROVE, CA 94951
Penngrove Village is an all-ages manufactured housing community located at 6070 Old Redwood Hwy in the Penngrove area of Sonoma County, California. This charming community is nestled next to Lichau Creek with great access to US 101 and the San Francisco Bay Area. The property is walking distance to downtown Penngrove and only 5-15 minutes driving time to local amenities such as Sonoma State University, shopping outlets, and more. The community consists of 34 mobilehome spaces and 7 RV spaces, which are 100% owner-occupied, plus 3 rental units (a duplex and a “cottage”) on 3.18 acres. The property operates on public water and sewer. Gas, electric, and disposal services are directly billed by local service providers. Annual rent increases are permitted at 70% of the CPI change or 4%, whichever is less, plus 5% on turnover.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | - | - |
Presented by
Smithonic Real Estate, Inc.
Penngrove Village | 6070 Old Redwood Hwy
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