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18842 Cachagua Road, Carmel Valley, CA 93924
Priced at Only: $6,000,000
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Address: 18842 Cachagua Road, Carmel Valley, CA 93924
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  • MLS#: ML82041267 ( )
  • Street Address: 18842 Cachagua Road
  • Viewed: 4
  • Price: $6,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: MONTEREY
  • City: Carmel Valley
  • Zipcode: 93924
  • Provided by: Agency One Real Estate
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!
Features
Building Area Total
  1. 25000.00
Carport Spaces
  1. 0.00
Cooling
  1. Central Air
Heating
  1. Fireplace(s)
  2. Electric
  3. Propane
  4. Central
Insurance Expense
  1. 22901.00
Number Of Buildings
  1. 52
Otherexpense
  1. 3009.00
Parcel Number
  1. 418261046000
Roof
  1. Other
Totalexpenses
  1. 153414.00
Trash Expense
  1. 0.00
Water Source
  1. Well
Year Built
  1. 1958
Year Built Source
  1. Other
Zoning
  1. MDR/5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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