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404 S Central Ave - Sunnyside Trailer Park

0.76 Acres of Residential Land in Compton, CA 90220

Investment Highlights

  • Actual Cap Rate of 7.5% on the sale. Proforma cap rate over 10%
  • No local rent control
  • 2.5 star rating

Executive Summary

Mobile Home Park. License is for 19 spaces. Currently 15 mobile Homes, 1 travel trailer and one home. The home is the only residence that goes with the sale. All separate water meters - direct billing. All separate electrical meters - direct billing. Long term reliable tenants. Sale at 7.5% cap rate on actual. Proforma over 10% cap rate.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per AC (CAD)
Gross Rental Income $135,716 $178,573.24
Other Income - -
Vacancy Loss - -
Effective Gross Income $135,716 $178,573.24
Taxes $11,429 $15,038.24
Operating Expenses $12,757 $16,785.83
Total Expenses $24,186 $31,824.07
Net Operating Income $111,529 $146,749.17

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $135,716
Annual Per AC $178,573.24
Other Income (CAD)
Annual -
Annual Per AC -
Vacancy Loss (CAD)
Annual -
Annual Per AC -
Effective Gross Income (CAD)
Annual $135,716
Annual Per AC $178,573.24
Taxes (CAD)
Annual $11,429
Annual Per AC $15,038.24
Operating Expenses (CAD)
Annual $12,757
Annual Per AC $16,785.83
Total Expenses (CAD)
Annual $24,186
Annual Per AC $31,824.07
Net Operating Income (CAD)
Annual $111,529
Annual Per AC $146,749.17

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.76 AC

1 Lot Available

Lot

Lot Size 0.76 AC

Seven Parcels totaling 31,810 SF of land, zoned RL.

Description

17 space Mobile Home Park with one home.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6142-005-007
  • 6142-005-006
  • 6142-005-008
  • 6142-005-009
Land Assessment
$31,967 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$31,967 CAD (2024)
Annual Taxes
$11,429 CAD
Tax Year
2023 Payable 2025

zoning

Zoning Code RL
RL
  • Listing ID: 33924706

  • Date on Market: 2024-11-19

  • Last Updated:

  • Address: 404 S Central Ave, Compton, CA 90220

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