2030 Magnolia Ave - Manufactured Housing/Mobile Housing FOR SALE


Ramona, CA 92065
$6,860,000 USD
619-341-0327
2030 Magnolia Ave, Ramona, CA for Sale
$6,860,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | Request Cap Rate

2030 Magnolia Ave
Ramona, CA 92065


OVERVIEW

Canyon Ridge Estates, A 55+ MH and RV park comprises 33 spaces, with 18 permitted for mobile homes (MH) and 15 permitted for recreational vehicles (RVs). Of the 18 MH spaces 11 are doublewide homes and 7 are singlewide homes. Canyon Ridge Estates, A 55+ MH and RV park comprises 33 spaces, with 18 permitted for mobile homes (MH) and 15 permitted for recreational vehicles (RVs). Of the 18 MH spaces 11 are doublewide homes and 7 are singlewide homes. 13 of the RV spaces are occupied by park owned park model homes, 2 of the RV spaces are occupied by tenant owned RV’s. A brand new asphalt slurry was just completed in the first week of May, 2025. Additionally, the property features 2 acres of Malbec, Zinfandel, and Chardonnay grapevines, enhancing the rural beauty and charm of the community. The current space rents ranging from $910 to $1,125 reflect a March 1, 2025 increase. Rent for the park owned homes is separately billed and ranges from $40 per month to only $200 per month. These are incredibly low rates when compared to comparable apartment rents in Ramona that range from $1900 to over $2500. Tenants are billed or sub metered for Electric, Gas, Water and Trash Service. Sewer is not charged to the tenants.

FOR SALE DETAILS

PRICE

$6,860,000 USD

PRICE/SF

$5,717 USD /SF

# OF UNITS

30

PRICE/UNIT

$228,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Canyon Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.16 AC

LAND SF

573,250 SF

ZONING

RM87, S.D. County

APN/PARCEL ID

279-130-69

ASK ABOUT THIS PROPERTY

Vince ReynoldsKidder MathewsMore Info
619-341-0327

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Vince ReynoldsKidder MathewsMore Info
619-341-0327

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