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330 Palm Canyon Drive - Santa Fe Palms Borrego Springs, Borrego Springs, CA

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330 Palm Canyon Drive - Santa Fe Palms Borrego Springs

Borrego Springs, CA 92004 - Outlying San Diego County MF Submarket

Property Type:Multi-Family Number of Units:27 Status:Existing Year Built:1998
Stories:1 Building Size:12,837 SF Land Area:3.22 AC (140,263 SF)
For Sale Price:$949,000 Price/Unit:$35,148.15 Cap Rate:2.57 % GRM:-


Property Description: Mobile Home Community

Property Use Description: Mobile Home Community

This gated community built in 2000 is in pristine condition with no deferred maintenance. The owner has invested in many improvements including a completely remodeled clubhouse with swimming pool, office, new gated entrance and concrete streets plus the addition of a number of new Santa Fe style manufactured homes. Utilities direct billed to tenants include gas and 100 amp electric service. Water and sewer is provided by the Borrego Water District.

As the senior market and San Diego population continue to grow the Anza-Borrego region is predicted to be one of the largest areas of percentage growth by SANDAG (San Diego Association of Governments). Opportunity for the new owner exists in selling homes and filling vacant spaces.

As a bonus, in addition to leasing lots, this property allows for the sale of all 27 lots to individual homeowners as fee simple ownership.

Sale Notes:
Santa Fe Style Manufacture Home Subdivision
27 Home Lots and 2 Common area lots
Subdivision map under Title 25
2011 County Approved (PUD)
State of Ca Title 25, allows fast track constuction for new homes
Includes two existing newly manufactured homes

Livingstone Realty Group
Ernest Livingstone
(951) 529-2990

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