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This Multifamily Property is no longer advertised on LoopNet.ca.

3970 Castro Valley Blvd
Castro Valley, CA 94546

Avalon Mobile Home Park · Multifamily Property For Sale · 522 SF

Mobile Home & RV Parks California Castro Valley 3970 Castro Valley Blvd, Castro Valley, CA 94546

Investment Highlights

  • 49-Space Mobile Home Park Community situated on 2.4 acres in Castro Valley, adjacent to Castro Valley Blvd & 1-mi distance to I-580
  • Significant NOI upside through leasing three vacant units, increasing below market space rents, and implementing top-of-line management
  • Avalon Mobile Home Park is one of only eight mobile home communities in Castro Valley & represents approximately 15.8% of the market
  • The property is currently 93.8% leased and grossing approximately $384,000 with the average space rent being 55% below market value
  • Renting of three (3) vacant spaces at market rate will add an additional $62,400 of annual gross income
  • Vacancy decontrol allows for investor to rent spaces at market rate once becoming vacant

PROPERTY FACTS

No. Units 49 Building Size 522 SF
Property Type Multifamily Average Occupancy 94%
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
 No. Stories 1
Apartment Style Single Family Home Year Built 1984
Building Class C Parking Ratio 10/1,000 SF
Lot Size 2.40 AC
No. Units 49
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
  • Multifamily Dormitory
Apartment Style Single Family Home
Building Class C
Lot Size 2.40 AC
Building Size 522 SF
Average Occupancy 94%
No. Stories 1
Year Built 1984
Parking Ratio 10/1,000 SF

Site Amenities

  • Fenced Lot
  • Laundry Facilities
  • Security System
  • Recycling
  • Trash Pickup - Curbside
  • Maintenance on site

zoning

Zoning Code Commercial (Mobile Home Parks, Trailer Parks)
Commercial (Mobile Home Parks, Trailer Parks)
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  • Listing ID: 23870626

  • Date on Market: 2021-08-09

  • Last Updated:

  • Address: 3970 Castro Valley Blvd, Castro Valley, CA 94546

The Multifamily Property at 3970 Castro Valley Blvd, Castro Valley, CA 94546 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.

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