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Mobile Home Park

Rainbow MHP

3515 Lakeshore Blvd, Lakeport, CA 95453

Listing Price: $1,950,000

Cap Rate
4.96%
Number of Spaces
27
Lot Size
2.74 acres
Occupancy
96.0%
Price/Space
$72,222
Spaces/Acre
9.85
Year Built
1960

Investment Overview

Rainbow MHP is a clean and well managed park located at 3515 Lakeshore Boulevard in Lakeport, California. The community consists of 27 spaces on 2.74 acres and yields a density of 9.8 pads per acre. The property was developed in 1960. The park is in a nonrent controlled market, has municipal water and sewer services, and is serviced by PG&E. Water, electric, and gas are sub-metered to the tenants. Trash and sewer are paid by the tenants as well. There is a rent increase that was noticed on September 18, 2021 that will raise rents $30-35 effective January 1, 2022.

Investment Highlights

  • No Rent Control
  • Municipal Water and Sewer
  • NO POH's
  • Strong Occupancy

Exclusively Listed By

Listing Price: $1,950,000

Cap Rate
4.96%
Number of Spaces
27
Lot Size
2.74 acres
Occupancy
96.0%
Price/Space
$72,222
Spaces/Acre
9.85
Year Built
1960

Investment Highlights

  • No Rent Control
  • Municipal Water and Sewer
  • NO POH's
  • Strong Occupancy

Investment Overview

Rainbow MHP is a clean and well managed park located at 3515 Lakeshore Boulevard in Lakeport, California. The community consists of 27 spaces on 2.74 acres and yields a density of 9.8 pads per acre. The property was developed in 1960. The park is in a nonrent controlled market, has municipal water and sewer services, and is serviced by PG&E. Water, electric, and gas are sub-metered to the tenants. Trash and sewer are paid by the tenants as well. There is a rent increase that was noticed on September 18, 2021 that will raise rents $30-35 effective January 1, 2022.

Exclusively Listed By

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