14625 Mussey Grade Rd

Ramona, CA 92065

UPDATED:

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Listing Price

$7,495,000

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Glen Henderson

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Key Details

Property Type: Com-MobHmPark

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 180063974

Type of Financing: Cash,Cash to New Loan

Property Description

Mussey Grade Village Park is a well maintained and well managed Mobile Home Park on 155 acres, located in unincorporated Ramona in San Diego County; Current mix is 91 MH/RV sites and 2 permanent SFR sites; Park is in high demand, with about a 2-year waiting list; 3rd quarter actuals and 4th quarter projections for 2018 are $990,000 GOI, with $585,000 NOI, for a 7.8% CAP at ask price; Park has no rent control and seller delayed an increase for new owners; Multiple financial upsides include delayed rent increase; adding solar; adding more MH/RV sites; opening 14 existing campsites; and possible subdivision.

Location

State: CA

County: San Diego

Schools

Elementary Schools: Mt. Woodson Elementary School

Middle Schools: Olive Peirce Middle School

High Schools: Ramona High School

School District: Ramona City Unified School District

Property History

Date Event Price Source

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    Glen HendersonBig Block Realty, Inc

    Glen Henderson


    Broker Associate CA BRE #01384181

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