RV Parks For Sale & Financing Loans

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MHRV ADVISORS : This an opportunity to an REO RV/Trailer park in Los Angeles County at below replacement cost with easy upside in filling spaces. The park is located in the City of Lancaster approximately 7 miles west of Highway 14. The park was taken back by the lender in July of this year and has existing management in place. Currently there are 12 -14 revenue producing spaces + 1 commercial lease. Space rent is $375 to $400 with the commercial tenant paying $2,000. Electric is submetered and water, septic and trash are included n the rent. The property has a large building that was previously rented as a bar/restaurant. The additional commercial building is occupied by a popcorn manufacturer that has is discussing leasing both spaces.    Existing zoning is RR5 - resort recreation. There is a large concrete patio and adjacent grass area that would be great for RV Clubs and groups.

Existing occupancy is at 41% because of the lack of management and maintenance.  Occupancy in surrounding long term stay RV and MH parks is above 90%. Our proforma estimates 60% occupancy or 19 spaces with expenses at 54% of gross which should ordinarily fall in the 35%to 40% range.  There  is plenty of room to increase the number of spaces permitted under the HCD permit or expand or relocate the existing ones. 

A new owner can take advantage past poor management and operations and turns this park into a cash cow.  Aerial photos show consistently high occupancy before the park fell into disrepair and mismanagement.

Subject Photo

THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, EXPENSE, AND ALL OTHER INFORMATION CONTAINED HEREIN.

The information contained herein has either been given to us by the owner or the property or obtained from sources that we deem reliable.  We have no reason to doubt its accuracy but we do not guarantee it.  Vacancy factors used herein are an arbitrary percentage used only as an example.  It does not necessarily relate to actual vacancy, if any.  The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket and other factors which your tax advisor and/or legal counsel should evaluate.