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Listed by Kyungae Yoon • Coldwell Banker Best Realty
$1,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26090078
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Excellent investment opportunity in Adelanto! This 16-space mobile home park, situated on over 5 acres, offers immediate cash flow with a 6.63% current cap rate and a projected pro forma of 8%+. The property features a value-add potential with space to add 3 to 4 more units. Sale includes all mobile home trailers, with three units recently remodeled. Additionally, the site includes an on-site commercial building with a steady income from a bakery tenant. Significant recent upgrades include a newly improved septic system (2024). All leases are month-to-month, providing maximum flexibility for rent increases and management. Ideally located with easy access to Hwy 395.
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Laundry None
Building
Lot Description 11-15 Units/Acre
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900