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Mobile Home Park

Avalon Mobile Home Park

3970 Castro Valley Blvd, Castro Valley, CA 94546

Listing Price: $5,000,000

Cap Rate
3.59%
Number of Spaces
49
Lot Size
2.40 acres
Occupancy
100.0%
Price/Space
$102,041
Spaces/Acre
20.42
Year Built
1984

Investment Overview

Avalon Mobile Home Park is a 49-spaces mobile home park located at 3970 Castro Valley Boulevard in Castro Valley, CA. The park sits on 2.4 acres and is currently 94% occupied. The park consists of 21 RV's, 13 Park Models, 11 Singles, and 4 Doubles. There are 12 park owned units on the property. It is an all age park that is serviced by municipal water and sewer. Gas and electric lines were replaced by PG&E in 2017, and now gas and electric are direct billed. There is a laundry room, maintenance room, and an office on-site. The owner raised rents 4% on January 1, 2022. Currently, the rent control in Castro Valley allows maximum increases of 4% of base rent and vacancy decontrol. Castro Valley is located in Alameda County, just 15 miles to Downtown Oakland and 25 miles to San Francisco. Castro Valley has a population of about 66,000. The Castro Valley Unified School District serves almost 9,000 students. Lake Chabot lies in the northwest part of Castro Valley. Directly to the west is San Leandro. Hayward is to the south. Dublin, Pleasanton, and San Ramon are to the east. The greatest number of people (6,683) are employed by the health care and social assistance industry, followed by the retail trade industry with 1,073 employees and accommodation and food service with 1,044 employees. This park makes an excellent investment due to it's irreplaceable Bay Area location.

Investment Highlights

  • Upside in Rents
  • Municipal Water & Sewer
  • Vacancy Decontrol
  • New Underground Gas & Electric Lines
  • Frontage on Castro Valley Blvd

Exclusively Listed By

Mobile Home Park

Avalon Mobile Home Park

Listing Price: $5,000,000

Cap Rate
3.59%
Number of Spaces
49
Lot Size
2.40 acres
Occupancy
100.0%
Price/Space
$102,041
Spaces/Acre
20.42
Year Built
1984

Investment Highlights

  • Upside in Rents
  • Municipal Water & Sewer
  • Vacancy Decontrol
  • New Underground Gas & Electric Lines
  • Frontage on Castro Valley Blvd

Investment Overview

Avalon Mobile Home Park is a 49-spaces mobile home park located at 3970 Castro Valley Boulevard in Castro Valley, CA. The park sits on 2.4 acres and is currently 94% occupied. The park consists of 21 RV's, 13 Park Models, 11 Singles, and 4 Doubles. There are 12 park owned units on the property. It is an all age park that is serviced by municipal water and sewer. Gas and electric lines were replaced by PG&E in 2017, and now gas and electric are direct billed. There is a laundry room, maintenance room, and an office on-site. The owner raised rents 4% on January 1, 2022. Currently, the rent control in Castro Valley allows maximum increases of 4% of base rent and vacancy decontrol. Castro Valley is located in Alameda County, just 15 miles to Downtown Oakland and 25 miles to San Francisco. Castro Valley has a population of about 66,000. The Castro Valley Unified School District serves almost 9,000 students. Lake Chabot lies in the northwest part of Castro Valley. Directly to the west is San Leandro. Hayward is to the south. Dublin, Pleasanton, and San Ramon are to the east. The greatest number of people (6,683) are employed by the health care and social assistance industry, followed by the retail trade industry with 1,073 employees and accommodation and food service with 1,044 employees. This park makes an excellent investment due to it's irreplaceable Bay Area location.

Exclusively Listed By

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