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Mobile Home Park

Pine View MHP

25 Redberg Ave, East Quincy, CA 95971

Listing Price: $750,000

Cap Rate
6.30%
Number of Spaces
22
Lot Size
2.78 acres
Occupancy
95.0%
Price/Space
$34,091
Spaces/Acre
7.91
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Pine View Mobile Home Park located in East Quincy, California. Just off Highway 70, Pine View is a 22-space park with 95% occupancy. The community is serviced by city water and sewer. Pine View has 21 tenant-owned homes and one park-owned. Residents enjoy a clean, quiet community conveniently located near city shopping and services. East Quincy is nestled in the Sierra Nevada Mountains halfway between Oroville, CA and Reno, NV in the lush American Valley. The location offers incredible hiking and backpacking, as well as other various outdoor activities. Pine View is one hour and twenty minutes from Truckee, CA and a one hour and thirty-minute drive from Reno, NV. An investor will have the chance to purchase a stable community in a low vacancy rental market at a 6.71% day-one cap rate with the opportunity to increase returns year one.

Investment Highlights

  • City Water & Sewer
  • Adjusted Average Rent: $375; Market Adjusted Average: $425
  • Majority tenant-owned homes
  • Low-vacancy rental market; high housing demand
  • Current owner has utility recapture system in place
  • Well-located near major retailers

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Listing Price: $750,000

Cap Rate
6.30%
Number of Spaces
22
Lot Size
2.78 acres
Occupancy
95.0%
Price/Space
$34,091
Spaces/Acre
7.91
Year Built
1990

Investment Highlights

  • City Water & Sewer
  • Adjusted Average Rent: $375; Market Adjusted Average: $425
  • Majority tenant-owned homes
  • Low-vacancy rental market; high housing demand
  • Current owner has utility recapture system in place
  • Well-located near major retailers

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Pine View Mobile Home Park located in East Quincy, California. Just off Highway 70, Pine View is a 22-space park with 95% occupancy. The community is serviced by city water and sewer. Pine View has 21 tenant-owned homes and one park-owned. Residents enjoy a clean, quiet community conveniently located near city shopping and services. East Quincy is nestled in the Sierra Nevada Mountains halfway between Oroville, CA and Reno, NV in the lush American Valley. The location offers incredible hiking and backpacking, as well as other various outdoor activities. Pine View is one hour and twenty minutes from Truckee, CA and a one hour and thirty-minute drive from Reno, NV. An investor will have the chance to purchase a stable community in a low vacancy rental market at a 6.71% day-one cap rate with the opportunity to increase returns year one.

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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