Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.4%
- Listing ID: 1192137
- Posted On: Feb 19, 2020
- Updated On: May 3, 2023
Description
ANTELOPE VALLEY CENTER is located in the city of Palmdale [Unincorporated LA County], California and sits on approximately 1.013 acres of land and was built in 1955. This all-age park is comprised of 16 mobile home spaces. The park has adequate parking on site and street parking along the side of the property. Electricity and Water utilities are sub-metered. Trash and Sewer are charged as a flat fee and tenants pay the gas directly to the gas company. Amenities include a Laundry Room that is currently not being used.
Amenities
- Laundromat
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Park Information
Community Type: | All Age |
Number of MH Lots: | 16 |
Total Occupancy: | 100.0 % |
Year Built: | 1955 |
Average MH Lot Rent: | $421 |
Size: | 1 acre(s) |
Financial Information (Actual)
Gross Income: | $101,335 |
Operating Expense: | $35,802 |
Net Operating Income: | $65,533 |
Expense Ratio: | 35.3 % |
Lot Information
Singlewide Lots: | 16 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Submetered |
Sewer: | Septic |