REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,200,000

Est. payment - /mo

1 Bed

2.35 Acres Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26096805

Bedrooms 1

Lot Size 2.350 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Joshua Mobile Home & RV Park is a 32-site, all-age manufactured housing community located in Boron, within the Antelope Valley region of Eastern Kern County. The property is offered with attractive seller financing for qualified buyers at a price of $1,200,000 (including park-owned homes). The seller will carry $875,000 with a $325,000 down payment, at 2.0% interest-only in year one and 3.0% interest-only for the following two years, over a 3-year term, with a balloon payment due at maturity and no prepayment penalty. The community is HCD-approved for 32 mobile home sites and features a diverse site mix, including 5 tenant-owned homes, 11 park-owned homes, and 3 RVs and 13 vacant sites. The vacant sites are available for immediate infill, providing significant upside through lease-up and increased occupancy. Comparable properties in the area operate at 90%+ occupancy, while the subject property's historical occupancy has ranged between 7580%, primarily due to seasonality and contract labor-driven fluctuations. Joshua Mobile Home & RV Park is served by municipal water and sewer, with submetered gas and electric, and private trash service. The property has been approved for a CPUC utility infrastructure upgrade, expected to begin construction in Q3 or Q4, which will transition utilities to direct billing and improve operational efficiency. Current average rents are $396/month for tenant-owned mobile homes, $425/month for RV spaces, and $781/month for park-owned homes, with historical occupancy of approximately 7580% over the past three years. The property includes 11 park-own

Location

State CA

County Kern

Zoning Seller

Direction Corner of Nudgent St and Gardiner St

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 23109029006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Read Less Info

Listed by Tim Ryan, DRE#02097345 Avine Real Estate

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

GET MORE INFORMATION

26611 Nudgent St Boron, CA 93516