El Rancho Estates is an all-age mobile home park community that sits on 15.31 acres. The property consists of 109 spaces and is currently 45% occupied with double-wide spaces. Amenities include a controlled access front gate, clubhouse with a park office, recreation area, gym equipment, billiards table, kitchen, public restrooms, RV storage area, and a swimming pool. Utilities are directly billed for gas and electricity, sub-metered for water and a flat rate expense to residents for sewer and trash. There are eleven park-owned homes and three notes on three additional homes which provide additional income. With a down payment of $1,000,000 , the seller will carry a first deed of trust of $1,998,000 payable at 4.5% interest only, due in 5 years. the property has a $61,663 positive cash flow at 45% occupancy and after expenses and debt service. Please call or email to request an Offering Memorandum for this value-added opportunity.
Total population of , which has changed by % since 1990.
The median age of the population is , while the median
age of dwellings is .
Out of households, are families.