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$ 1,075,000
Est. payment /mo
New
38525 90th ST E Palmdale, CA 93591
2.31 Acres Lot
UPDATED:
02/08/2025 01:11 AM
Key Details
Property Type Commercial
Sub Type Mobile Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID IN25027762
HOA Y/N No
Lot Size 2.310 Acres
Property Description
Presenting an exciting and rare opportunity to own an already established Mobile Home Park known as the "The Villagers Mobile Home Park" in the city of Palmdale. This "bulk sale" opportunity includes 14 mobile homes (8 privately owned + 6 park owned) on 1.25 acres plus the adjacent/separate back lot (parcel apn #3027-010-033) which adds another 1.06 acres which can possibly accommodate another 20 mobile homes with permits from the city but will need to be verified by buyer through the appropriate agencies. This park has plenty of upside potential with some infrastructure improvements, upgrading of park owned units, adding of more units to adjoining lot, create a new park on the back lot for RV short stays or re-zoning of the entire back lot if allowed by the city. Current rents offer a CAP rate of 8.5%. Don't miss out on your chance to own 14 doors that are generating immediate income for much less than a 14 unit apartment building.
Location
State CA
County Los Angeles
Area Plm - Palmdale
Interior
Fireplace No
Laundry See Remarks
Exterior
Total Parking Spaces 20
Building
Lot Description 11-15 Units/Acre, Lot Over 40000 Sqft, Street Level
Story 1
Water Public
Architectural Style Mobile Home
Others
Tax ID 3027010013
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by EUGENE CAMERON • Amberwood Real Estate • 310-941-0748