11270 Konocti Vista Dr - Manufactured Housing/Mobile Housing FOR SALE


Lower Lake, CA 95457
$3,400,000 USD
415-625-2132
11270 Konocti Vista Dr, Lower Lake, CA for Sale
$3,400,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/16
null | 5.72% Cap Rate

11270 Konocti Vista Dr
Lower Lake, CA 95457


HIGHLIGHTS

  • Non Rent Controlled Market
  • 55+ Community
  • Pool, Boat Dock, BBQ Area, RV Storage

OVERVIEW

Westwind Mobile Home Park is located at 11270 Konocti Vista Drive in Lower Lake, California. The park is licensed for 42 mobile homes and currently consists of 19 SW, 22 DW, and 1 Duplex. One of the MH Units sits on 2 MH sites, sites #20 & #21. This is an age restricted park (55+) that has the feel and amenities of a senior retirement community. It is insulated by geography with the mountains on one side and Clearlake on the other. Amenities include a boat dock area, pool, BBQ space and RV Storage. Lower Lake is a quiet, retirement oriented community located approximately 100 miles from Downtown San Francisco and 95 miles from Downtown Sacramento. Lower Lake is located in Lake County, on the southern shore of Clear Lake, which is the largest natural lake in California. The park is serviced by an on-site septic system that has recently been upgraded. Tenants are charged $36.80 monthly for sewer. Water is pulled from Clearlake and is run through a brand new purification and filtration system that the current owners have spent over $200,000 on. Tenants are billed $86.50 monthly for water plus usage. Propane is provided by Westgate Petroleum, and Electricity is provided by PG&E. Both are sub-metered to the residents. The tenants are billed a flat rate for Garbage of $35.54 monthly.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

43

PRICE/UNIT

$79,070

CAP RATE

5.72%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwind

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12 AC

LAND SF

522,720 SF

ZONING

R

APN/PARCEL ID

009-018-210-000

ASK ABOUT THIS PROPERTY

Frank RogersMarcus & MillichapMore Info
415-625-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Frank RogersMarcus & MillichapMore Info
415-625-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.