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ACTON COUNTRY Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510

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ACTON COUNTRY Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 ACTON COUNTRY Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Investment Offering Eric Coulsell Listing Broker 949-383-0813 cell BRE License # 01465230 [email protected] Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Investment Narrative California Commercial Advisors is pleased to present Acton Country Mobilehome Park for sale. A prime “coupon clipping”, buy and hold investment real estate opportunity. Acton Country Mobilehome Park is a 25 space and 2 apartment, all age, mobile home park located in the unincorporated town of Acton situated in the County of Los Angeles. The mobile home park sits in the middle portion of a large parcel of 25.43 acres. The property is located on Sierra Highway with substantial frontage to this main thoroughfare. The mobile home park is well main- tained with tenant and owner pride of ownership. The park is historically 100% occupied with mature trees, wonderful mountain views and quiet country setting. There is a vacant land parcel of 1.36 +/- acres immediately south and across Sierra Highway from the park that is included in the sale. APN 3217-024-010 is the mobile home park parcel and APN 3217-024-011 is the vacant land parcel. The park was originally constructed and permitted to be a larger 200 space park however only 25 spaces of the 200 were con- structed. It is unknown if a mobile home park expansion is feasible with the City Acton and County of Los Angeles; it is believed that a new proposal to the required government planning agencies to build out the mobile home park would be necessary. None- theless the property has substantial vacant acreage located on Sierra Highway with prime visibility to well travelled Highway 14. Highway 14 is a very busy highway connecting the Antelope Valley (includes Cities of Palmdale and Lancaster) to northern Greater Los Angeles (Santa Clarita, Valencia, San Fernando Valley). The park is currently 100% occupied, with space rent of $650 (effective July 2018) and all utilities passed through. The park is of good quality with newer homes in many spaces. Acton Country MHP is a low management demand, turnkey good quality park. The park is on municipal water with submetering for gas, electric and water. There is a flat pass through charge for septic and trash. The park is on septic, with septic tank and leachfields. The park was constructed in approximately 1973. There is no rent control in the City of Acton and rent control does NOT CURRENTLY exist for Los Angeles County. However it ex- pected that Los Angeles County WILL institute rent control in August of 2018. Buyer to verify terms of rent control. It is not known to Seller or Broker what the terms of the rent control in Los Angeles County will be if approved and implemented. There is 1 park owned home rental and 2 mobile home notes included in the sale. The park owned home has an estimated value of $40,000 +/- and the remaining principal balances on the notes as of April 2018 space 144 payment $352.97, principal remaining $15,269.42 due July 2022, space 153 payment $653.76, principal remaining $18,060.55 due December 2020. The ownership main- tains one rental in the case it is needed for park manager purposes. Property Location The Mobile home Park is located approximately 1/2 mile West of the Santiago Rd off ramp of Highway 14 on the north side of Sier- ra Highway. Acton is located 25 miles northeast of Santa Clarita and 11 miles south of Palmdale on Highway 14 The City of Acton is located in Los Angeles County. Today most residents commute to the San Fernando Valley and Los Angeles. The Old West is alive and well in Acton. Nestled in a mountain valley, Acton enjoys four distinct seasons. Every winter, morning winds peel away clouds to reveal fresh snow deposited on the mountaintops during the night. Spring and autumn brings the colorful canyons to life and summer temperatures range between the 80’s to the low 100’s. LIST PRICE: $2,490,000 Cap rate: 6.78%, Seller Financing offered and a requirement for sale. The Seller will require Buyer documentation to approve extending credit. This may require tax return infor- mation, credit report and proof of funds. Seller to approve or disapprove extending credit at Seller sole discre- tion. Seller financing will include a 10% prepayment penalty for the life of the loan. The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos Eric Coulsell Broker cell 949-383-0813; [email protected] CA BRE#01465230 The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos Eric Coulsell Broker cell 949-383-0813; [email protected] CA BRE#01465230 The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos Many newer, recent double wide homes in park. Potential to change out the few existing single wide homes as the opportunity arises for double wide homes increasing park equity and realizing profit on sale and financing. The space lots feature large back- yards, significantly larger than the typical/many MHP communities, which is an amenity that is well appreciated by the tenants. The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos The property provides for wonderful mountain views for many of the tenants as seen in the photo above. Eric Coulsell Broker cell 949-383-0813; [email protected] CA BRE#01465230 The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos There are two apartment units on the property, unit #1 and #2. Pictured above. Each unit has two parking spaces, 1 bed and 1 bath. The units are on either end of the building with a park office located in the middle of building. Current apartment rent is $1,025 per month with utilities (gas, electric, water) included. Apartment units each have small backyards. There is a storage container at end of apartment building for park operations. The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Property Photos RV Storage and Trash Dumpsters RV Storage. This could potentially be expanded into vacant excess land. Buyer to verify use. Trash Dumpster service: Garbage trucks are able to empty dumpsters via excess land rather than driving through park, substan- tially reducing wear and tear to park streets. Highway 14 in the background. The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or representations that the are either expressed or implied as to the accuracy of this information. Acton Country Mobilehome Park 2501 Sierra Hwy, Acton, CA 93510 Financials- Rent Roll Effective July 2018 Unit Space Rent Water Gas Trash Electric 3 $ 650.00 $ 17.55 $ 30.76 $ 40.00 $ 27.91 4 $ 700.00 $ 17.03 $ 21.16 $ 40.00 $ 26.63 5 $ 650.00 $ 26.66 $ 38.82 $ 40.00 $ 308.25 6 $ 650.00 $ 20.28 $ 33.96 $ 40.00 $ 84.73 35 $ 650.00 $ 16.85 $ 15.50 $ 40.00 $ 13.26 36 $ 650.00 $ 17.55 $ 34.77 $ 40.00 $ 29.10 37 $ 650.00 $ 19.00 $ 34.77 $ 40.00 $ 43.97 38 $ 650.00 $ 17.73 $ 30.71 $ 40.00 $ 20.73 142 $ 1,125.00 $ 19.00 $ 22.60 $ 40.00 $ 100.60 143 $ 650.00 $ 17.03 $ 27.67 $ 40.00 $ 42.95 144 $ 650.00 $ 36.87 $ 28.68 $ 40.00 $ 30.98 145 $ 650.00 $ 22.83 $ 49.98 $ 40.00 $ 82.90 146 $ 650.00 $ 68.77 $ 41.97 $ 40.00 $ 61.34 147 $ 700.00 $ 17.20 $ 21.94 $ 40.00 $ 39.18 148 $ - $ 38.15 $ 34.77 $ 40.00 $ 29.45 149 $ 650.00 $ 19.00 $ 54.03 $ 40.00 $ 40.04 150 $ 650.00 $ 31.76 $ 28.68 $ 40.00 $ 42.95 151 $ 650.00 $ 16.85 $ 31.73 $ 40.00 $ 16.81 152 $ 650.00 $ 25.39 $ 36.37 $ 40.00 $ 101.15 153 $ 650.00 $ 21.55 $ 32.75 $ 40.00 $ 43.45 154 $ 650.00 $ 17.73 $ 28.68 $ 40.00 $ 33.72 155 $ 650.00 $ 17.38 $ 37.81 $ 40.00 $ 29.29 156 $ 650.00 $ 17.03 $ 18.54 $ 40.00 $ 38.15 157 $ 650.00 $ 29.21 $ 39.57 $ 40.00 $ 47.57 158 $ 650.00 $ 20.28 $ 37.81 $ 40.00 $ 49.94 Apt 1 $ 600.00 included included included included Apt 2 $ 900.00 included included included included Monthly Revenue $ 17,675 $ 589 $ 814 $ 1,000 $ 1,385 Annual Rental Revenue $ 212,100 Rent Roll Notes: 1) Space 4 is For Sale and a new tenant will be charged $710.
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