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$ 1,200,000
Est. payment /mo
New
26611 Nudgent St Boron, CA 93516
1 Bed
2.35 Acres Lot
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
Listed by Tim Ryan, DRE#02097345 Avine Real Estate
NEARBY SCHOOL & BUSINESS