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Mobile Home Park

Sierra Pines Mobile Home Park

19750 CA-89, Markleeville, CA 96120

Listing Price: $2,950,000

Cap Rate
6.27%
Number of Spaces
30
Lot Size
13.50 acres
Occupancy
95.0%
Price/Space
$98,333
Spaces/Acre
2.22
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present Sierra Pines Mobile Home Park. Sierra Pines is a 30-space manufactured housing community. The park is located in the heart of Alpine County, just 30 minutes south of South Lake Tahoe. The park is situated on 13.5 acres and includes a General Store and restaurant, a gas pump, a meeting hall that is typically leased by a local church, a 1,000 square foot apartment currently occupied by the owner, and a newly built management office. There are currently 24 park-owned homes on the property. The current owner has explored the option of expanding the park and has architectural drawings for an additional 45 spaces to be added on the south side of the park.

Investment Highlights

  • Store/restaurant, gas pump, apartment, and meeting hall to supplement park income
  • Recently updated on-site management office
  • Septic system was replaced and upgraded in 2005
  • Seller willing to carry portion of Purchase Price

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Mobile Home Park

Sierra Pines Mobile Home Park

Listing Price: $2,950,000

Cap Rate
6.27%
Number of Spaces
30
Lot Size
13.50 acres
Occupancy
95.0%
Price/Space
$98,333
Spaces/Acre
2.22
Year Built
1970

Investment Highlights

  • Store/restaurant, gas pump, apartment, and meeting hall to supplement park income
  • Recently updated on-site management office
  • Septic system was replaced and upgraded in 2005
  • Seller willing to carry portion of Purchase Price

Investment Overview

Marcus & Millichap is pleased to present Sierra Pines Mobile Home Park. Sierra Pines is a 30-space manufactured housing community. The park is located in the heart of Alpine County, just 30 minutes south of South Lake Tahoe. The park is situated on 13.5 acres and includes a General Store and restaurant, a gas pump, a meeting hall that is typically leased by a local church, a 1,000 square foot apartment currently occupied by the owner, and a newly built management office. There are currently 24 park-owned homes on the property. The current owner has explored the option of expanding the park and has architectural drawings for an additional 45 spaces to be added on the south side of the park.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

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