1241 S Main St - Manufactured Housing/Mobile Housing FOR SALE


Yreka, CA 96097
$850,000 USD
310-862-6103
1241 S Main St, Yreka, CA for Sale
$850,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/30
null | 10.19% Cap Rate

1241 S Main St
Yreka, CA 96097


HIGHLIGHTS

  • Assumable & Seller Financing (Blended) - Down Payment of $200,000, Loan Balance of $650,000, Interest Rate 6.65% interest-only, 4-year term.
  • Infill Opportunity – 13 vacant sites provide the new owner with the opportunity to increase occupancy through infill. 1 potential expansion site.
  • Utility Billbacks – The landlord currently pays for water, sewer and trash, presenting an opportunity to implement utility billbacks and improve NOI.
  • Opportunity Zone – Located in a Qualified Opportunity Zone.
  • Commercial Buildings – Includes two standalone commercial buildings, both which are occupied by tenants paying rent of $785/month and $950/month.
  • Below-Market Rents – The current average space rent is $397, over 30% lower than the comparable set average of $589.

OVERVIEW

Yreka RV Village is a 38-site, all-age community with 2 separate commercial buildings and 1 potential expansion site, located in Yreka, CA, and offered for $850,000 (or $21,250 per unit). The offering includes an assumable $400,000 loan and second-position seller financing of $250,000, for a combined total of $650,000 at a blended interest-only rate of 6.65%, requiring a $200,000 down payment. The park is currently 67.5% occupied by long-term tenants, with 13 vacant sites offering significant upside through home infill. All 38 sites are HCD-permitted for manufactured homes, providing flexibility for future occupancy growth. In-place rents are approximately 33% below comparable communities, creating strong value-add potential through rental increases. Yreka RV Village benefits from all public utilities and direct billed electric. Water, sewer, and trash services are included in rent, presenting the opportunity for the new owner to introduce utility bill-back. The property also features a standalone, site-built office structure used for management and operations. The community is located within a Qualified Opportunity Zone, a federal program intended to drive investment into designated areas. Yreka RV Village is less than one mile from an I-5 on-ramp, and in close proximity to a state-of-the-art hospital and several commercial businesses. The location offers access to employment, services, culture, entertainment, and airports, with Mt. Shasta, CA, Ashland, OR, and Medford, OR all within a one-hour drive. Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$8 USD /SF

# OF UNITS

40

PRICE/UNIT

$21,250

CAP RATE

10.19%

% LEASED

68%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yreka RV Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

R-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tim RyanAvine Real EstateMore Info
310-862-6103

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Tim RyanAvine Real EstateMore Info
310-862-6103

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