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Mobile Home Park

Lazy Corral Trailer Court

2120 Fig Ln, Corning, CA 96021

Listing Price: $1,200,000

Cap Rate
5.07%
Number of Spaces
37
Lot Size
2.81 acres
Occupancy
91.0%
Price/Space
$32,432
Spaces/Acre
13.17
Year Built
1965

Investment Overview

A 37 site community located in Corning, California.

Investment Highlights

  • Below market rents
  • Vacancy upside
  • Property was converted to City of Corning water in October, 2020
  • Non-rent control market
  • All age community
  • Property has been selected for CPUC and PG&E direct gas and electric service
  • No park owned rentals
  • Located 29 miles to Chico, 50 miles to Redding, and 112 miles to Sacramento

Exclusively Listed By

Mobile Home Park

Lazy Corral Trailer Court

Listing Price: $1,200,000

Cap Rate
5.07%
Number of Spaces
37
Lot Size
2.81 acres
Occupancy
91.0%
Price/Space
$32,432
Spaces/Acre
13.17
Year Built
1965

Investment Highlights

  • Below market rents
  • Vacancy upside
  • Property was converted to City of Corning water in October, 2020
  • Non-rent control market
  • All age community
  • Property has been selected for CPUC and PG&E direct gas and electric service
  • No park owned rentals
  • Located 29 miles to Chico, 50 miles to Redding, and 112 miles to Sacramento

Investment Overview

A 37 site community located in Corning, California.

Exclusively Listed By

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