Turnkey investment opportunity in Auburn with strong in-place income and clear upside. Fully occupied 44-unit mobile home park with a waiting list, low vacancy risk and consistent demand. Unit mix includes 23 spaces, 10 park-owned mobile homes, 9 park-owned cabins, and 1 duplex, providing multiple income streams. Stable tenant base with long-term occupancy (many 15+ years) supports predictable cash flow. Recent upgrades to water and septic systems reduce future capital expenses. All utilities are sub-metered, helping control operating costs. Current cap rate is 7.91%. Pro forma cap rate exceeds 13% by aligning rents with market levels. Additional $600K+ value-add potential through repositioning and optimizing park-owned units. Clean, stable asset with strong yield and upside, built for long-term hold or strategic value-add execution.
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Listing Snapshot
Price
$3,750,000
Days On Site
16 Days
Bedrooms
N/A
Inside Area (SqFt)
162,478 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
3.73 Acres
Year Built
1961
MLS® Number
226036516
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
React
Invite
Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
3.73
Building Features
Other
Cross Street
Bell Rd
Parking
Other
Property Sub Type
Mixed Use
Sewer
Septic Tank
SqFt Total
162478
Utilities
Other
Water Source
Well
Zoning
RM-DL8-UP-DC
Interior Features
Cooling
Other
Electric
220 Volts
Flooring
Other
Heating
Other
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Exterior Features
Construction Details
Other
Roof
Other
Community Features
Financing Terms Available
CashConventionalSubmit
MLS Area
12301
Listing courtesy of eXp Realty of California Inc.
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Last checked 2026-04-11 03:15 AM PDT
Neighborhood & Commute
Source: Walkscore
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