18842 Cachagua RD, Carmel Valley, CA 93924
18842 Cachagua RD, Carmel Valley, CA 93924
18842 Cachagua RD, Carmel Valley, CA 93924
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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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Sean Griffin, DRE #01466508 • Agency One Real Estate
$ 6,000,000
Est. payment | /mo

5 Beds

4 Baths

25,000 SqFt

Save
$ 6,000,000
Est. payment | /mo
Save

5 Beds

4 Baths

25,000 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $240

MLS Listing ID ML82041267

Bedrooms 5

Full Baths 4

Year Built 1958

Lot Size 11.286 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 Upper Valley, Cachagua

Zoning MDR/5

Interior

Heating Central Forced Air, Electric, Fireplace , Propane

Cooling Ceiling Fan, Central AC

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking

Garage Spaces 80.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Propane On Site

View Forest / Woods, Garden / Greenbelt, Mountains, River / Stream

Roof Type Other

Building

Lot Description Grade - Level

Foundation Concrete Slab, Post and Pier, Other

Sewer Existing Septic, Septic Standard

Water Well

Others

Tax ID 418-261-046-000

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Nearby Locations

Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.sandate@exprealty.com

1641 Laurel St, San Carlos, CA, 94070-5216, USA

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18842 Cachagua RD