18842 Cachagua RD, Carmel Valley, CA 93924
18842 Cachagua RD, Carmel Valley, CA 93924
18842 Cachagua RD, Carmel Valley, CA 93924
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$6,000,000
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11.29 Acres Lot
Price Dropped by $750K

18842 Cachagua RD Carmel Valley, CA 93924

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82041267

HOA Y/N No

Year Built 1958

Annual Tax Amount $60,000

Lot Size 11.286 Acres

Property 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!

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning MDR/5

Interior

Heating Central, Electric, Fireplace(s), Propane

Cooling Central Air

Fireplace No

Exterior

Roof Type Other

Total Parking Spaces 80

Building

Lot Description Level

Water Well

Schools

School District Carmel Unified

Others

Tax ID 418261046000

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Sean Griffin Agency One Real Estate #01466508

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18842 Cachagua RD

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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  • 100
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