Skip to main content

Mobile Home Park

Ocotillo Wells MH & RV Park

5525 Split Mountain Rd, Borrego Springs, CA 92004

Listing Price: $1,295,000

Cap Rate
10.70%
Number of Spaces
50
Lot Size
9.98 acres
Price/Space
$25,900
Year Built
1949

Investment Overview

Ocotillo Wells MH/RV Park & Store is an all age, 75 site Mobile Home Park with a single family residence and convenience store located in Ocotillo Wells (near Borrego Springs), California. Built in 1949 & renovated in 1966, the park sits on 9.98 acres with a site density of 8.36 site per acre on the fully developed acreage (6 acres of the 9.98 acres). The park has .6056 acres of access road included in the price and the remaining four (4) vacant acres. The Park has RVs , small single wide and park model homes on the 50 Mobile Home sites. The Park is permitted for 75 MH sites with drains. The Seller has doubled up 25 of the sites to create 50 sites that measure from 40X40 to 60X60 with the majority at 40X40.. Some of the homes occupy three (3) sites (additional rent is collected for triple occupancy). There are only three (3) permanent residents who live at the park year round. Most of the residents stay at the park during the winter or weekend for off-road and ATV activities. The community has 24 weekenders who pay a discounted (average $215) monthly rent. There is one park owned home (POH) which is not (#64/65) included in the price and the Seller will need six (6) months of free rent and utilities to relocate the home after C.O.E.

The amenities at the community include a swimming pool, barbecue area, 1,600 SQ recreation/utility room, showers and laundry facilities. The recreation/utility room has a brand new roof installed in 2012. There is a 1200 sq ft, 1 bedroom/1 & bath single family residence attached to the 1,200 SQ store. A new roof on the house & store was installed in 2009,

The Mobile Home site measurements range from 20 to 30 wide and 35 to 60 deep. There are four (4) storage spaces that can be rented for additional income. The park has 30 amp electrical service to most of the sites. One site has a 50 amp electrical service. The electricity is master metered and the cost is included in the rent. The sites numbered 6, 7, 8, 9, 10, 11, 63, 64, 68, 70, 71, and 73 are sub metered for electrical. Septic service, water and trash are included in the monthly rent. There is no natural gas service at the community. The Residents supply their own propane.

Investment Highlights

  • 9.98 Acres Plus .6 Acres Used for Deeded Access to Off-Road Recreations Area
  • 75 Sites are Built on 5.98 Acres with Site Density of 8.36 Sites/Acre.
  • Recreation/Utility Building, Pool, Restrooms, and Laundry
  • Newer Septic System with Leach Field & Seepage Pits.
  • On-Site Well with Two Storage Tanks.

Exclusively Listed By

Mobile Home Park

Ocotillo Wells MH & RV Park

Listing Price: $1,295,000

Cap Rate
10.70%
Number of Spaces
50
Lot Size
9.98 acres
Price/Space
$25,900
Year Built
1949

Investment Highlights

  • 9.98 Acres Plus .6 Acres Used for Deeded Access to Off-Road Recreations Area
  • 75 Sites are Built on 5.98 Acres with Site Density of 8.36 Sites/Acre.
  • Recreation/Utility Building, Pool, Restrooms, and Laundry
  • Newer Septic System with Leach Field & Seepage Pits.
  • On-Site Well with Two Storage Tanks.

Investment Overview

Ocotillo Wells MH/RV Park & Store is an all age, 75 site Mobile Home Park with a single family residence and convenience store located in Ocotillo Wells (near Borrego Springs), California. Built in 1949 & renovated in 1966, the park sits on 9.98 acres with a site density of 8.36 site per acre on the fully developed acreage (6 acres of the 9.98 acres). The park has .6056 acres of access road included in the price and the remaining four (4) vacant acres. The Park has RVs , small single wide and park model homes on the 50 Mobile Home sites. The Park is permitted for 75 MH sites with drains. The Seller has doubled up 25 of the sites to create 50 sites that measure from 40X40 to 60X60 with the majority at 40X40.. Some of the homes occupy three (3) sites (additional rent is collected for triple occupancy). There are only three (3) permanent residents who live at the park year round. Most of the residents stay at the park during the winter or weekend for off-road and ATV activities. The community has 24 weekenders who pay a discounted (average $215) monthly rent. There is one park owned home (POH) which is not (#64/65) included in the price and the Seller will need six (6) months of free rent and utilities to relocate the home after C.O.E.

The amenities at the community include a swimming pool, barbecue area, 1,600 SQ recreation/utility room, showers and laundry facilities. The recreation/utility room has a brand new roof installed in 2012. There is a 1200 sq ft, 1 bedroom/1 & bath single family residence attached to the 1,200 SQ store. A new roof on the house & store was installed in 2009,

The Mobile Home site measurements range from 20 to 30 wide and 35 to 60 deep. There are four (4) storage spaces that can be rented for additional income. The park has 30 amp electrical service to most of the sites. One site has a 50 amp electrical service. The electricity is master metered and the cost is included in the rent. The sites numbered 6, 7, 8, 9, 10, 11, 63, 64, 68, 70, 71, and 73 are sub metered for electrical. Septic service, water and trash are included in the monthly rent. There is no natural gas service at the community. The Residents supply their own propane.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower