17
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$1,350,000
Est. payment /mo
1 Bed
3.22 Acres Lot
New
330 Palm Canyon Dr Borrego Springs, CA 92004
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Borrego Springs
MLS Listing ID OC26098526
Bedrooms 1
Lot Size 3.220 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Santa Fe Palms MHP is a 27-site manufactured home community located in Borrego Springs, California within San Diego County's northeastern desert. The Property is offered at $1,350,000 and seller financing is offered for qualified buyers with 25% down payment, 5 year term, and 8% interest-only rate. The Property consists of 27 HCD-permitted manufactured home sites, 12 of which are leased. 10 of the leased sites have stylish, tenant owned homes with Santa Fe Style design, paying average monthly space rent of $444. The other two occupied sites have park owned homes which are rented for $1,500 per month, less a $510 credit for the managers unit. The 15 vacant sites have utilities present and varying degrees of lot preparation, presenting an in-fill opportunity for the incoming owner. Evidencing demand in this location, there are two manufactured home parks located within 1,000 feet of Santa Fe Palms which are currently 99% and 94% occupied with average rents of $600 per month and $735 per month, respectively. The Property has a professional third-party off-site management company, with day-to-day support from a resident manager who lives in one of the park owned homes and receives a partial rent credit. The Property is served by public water and sewer and electricity and gas are billed direct to the residents by SDG&E. Community amenities include a clubhouse and swimming pool, enhancing the Property's appeal to prospective residents. Surrounded by Anza-Borrego Desert State Park, the largest state park in California, and recognized as the state's first International Dark Sky Com
Location
State CA
County San Diego
Zoning Public Rec
Direction Palm Canyon Drive 0.5 mi west of town
Interior
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 1413843700
Acceptable Financing Cash, Conventional, Seller May Carry
Listing Terms Cash, Conventional, Seller May Carry
Listed by Tim Ryan, DRE#02097345 Avine Real Estate
NEARBY SCHOOL & BUSINESS
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