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$825,000
Est. payment /mo
2.31 Acres Lot
Pending
1241 S Main Street Yreka, CA 96097
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Key Details
Property Type Manufactured Home
Sub Type Manufactured On Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC25171808
HOA Y/N No
Year Built 1973
Annual Tax Amount $8,890
Tax Year 2024
Lot Size 2.310 Acres
Property Sub-Type Manufactured On Land
Property Description
Yreka RV Village is a 38-site, all-age community with 2 separate commercial buildings and 1 potential expansion site, located in Yreka, CA, and offered for $825,000 (or $20,625 per unit). The offering includes an assumable $400,000 loan and second-position seller financing of $250,000, for a combined total of $650,000 at a blended interest-only rate of 6.65%, requiring a $175,000 down payment. The park is currently 67.5% occupied by long-term tenants, with 13 vacant sites offering significant upside through home infill. All 38 sites are HCD-permitted for manufactured homes, providing flexibility for future occupancy growth. In-place rents are approximately 33% below comparable communities, creating strong value-add potential through rental increases. Yreka RV Village benefits from all public utilities and direct billed electric. Water, sewer, and trash services are included in rent, presenting the
opportunity for the new owner to introduce utility bill-back. The property also features a standalone, site-built office structure used for management and operations. The community is located within a Qualified Opportunity Zone, a federal program intended to drive investment into designated areas. Yreka RV Village is less than one mile from an I-5 on-ramp, and in close proximity to a state-of-the-art hospital and several commercial businesses. The location offers access to employment, services, culture, entertainment, and airports, with Mt. Shasta, CA, Ashland, OR, and Medford, OR all within a one-hour drive.
opportunity for the new owner to introduce utility bill-back. The property also features a standalone, site-built office structure used for management and operations. The community is located within a Qualified Opportunity Zone, a federal program intended to drive investment into designated areas. Yreka RV Village is less than one mile from an I-5 on-ramp, and in close proximity to a state-of-the-art hospital and several commercial businesses. The location offers access to employment, services, culture, entertainment, and airports, with Mt. Shasta, CA, Ashland, OR, and Medford, OR all within a one-hour drive.
Location
State CA
County Siskiyou
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Utilities Available Electricity Available, Propane, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 061351070000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Tim Ryan Avine Real Estate 310-862-6103
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