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Listed by Tim Ryan • Avine Real Estate
$1,100,000
Est. payment /mo
1,000 SqFt
Active
1080 Pearson Road Paradise, CA 95969
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,100
MLS Listing ID CROC25172215
HOA Y/N No
Year Built 2023
Lot Size 2.970 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Forest Glen MHP is a 24-site, age-restricted mobile home park located in the heart of Paradise, Butte County. The community is currently 83.3% occupied, with a unit mix consisting of 19 tenant-owned RVs, 1 community-owned mobile home designated as the office and manager’s quarters, and 4 vacant sites. The park is fully permitted by HCD for 24 mobile home sites, offering the opportunity to convert existing RV’s to manufactured homes for enhanced stability and upside. This turnkey asset features new utility infrastructure and is professionally managed by an on-site manager, providing operational efficiency. The community operates on municipal water and private septic system (partial replacement), while PG&E supplies direct-billed electric and gas to tenants. Currently, ownership covers water, private septic/sewer, and trash expenses; however, there is a clear path to implement a utility bill-back system. Importantly, there is no rent control in Paradise, and current rents are below market, creating rent growth potential for a new investor. There is a ±0.32-acre adjacent parcel available for sale at $40,000 with Paradise Irrigation District water & septic available, presenting an opportunity for expansion. Strategically located at 1080 Pearson Rd, Forest Glen MHP enjoys proximi
Location
State CA
County Butte
Interior
Fireplace No
Laundry No Hookups
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