Investment Overview

The Danny Group of Marcus & Millichap is pleased to present for sale Lassen Mobile Home Park, an all ages manufactured housing community comprised of 30 sites in the city of Susanville, located in Lassen County. Lassen Mobile Home Park is an all-age Mobile Home Park consisting of 28 MH sites and two Single Family Rentals on 7.75 Acres. Built in 1962, the community has a low density of space per site which allows for large yards and private fenced lots. The streets are paved and offer one parking space per lot in front of each home. Most of the lot sizes are between 80-90 feet in length and 30-40 feet in width, accommodating modern multi bedroom mobile homes. There are two additional parcels zoned for residential which are included in the sale. Broker believes these parcels can be utilized for residential development; however, they cannot guarantee additional Mobile Home Expansion. Lassen presents an investor with a stable return with vacancy upside in a high demand rental market. There are currently four (4) vacant sites, three (3) vacant homes, and one (1) vacant SFR which can be filled easily due to housing demand. The community’s site rent ranges from $500-$650 based upon move in dates and SFR Rent is $830. The Park infrastructure is composed of the following specifications: Water: On Site Well. Flat-Rate Pass Through Sewer: On Site Septic System. Flat- Rate Pass Through Electricity: Direct Billed Electricity provided by PG&E. 8 Sites are Sub-Metered Gas: Direct Billed Gas provided by Ed’s Propane Trash: Provided by Lassen County: Flat-Rate Pass Through Lassen Mobile Home Park represents a secure investment in a well-maintained, all-ages community situated in a growing area. For further inquiries, please contact the listing brokers.