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$ 850,000
Est. payment | /mo
1 Bed
$ 850,000
Est. payment | /mo
1 Bed
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25171808
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
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 $850,000 (or $21,250 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 $200,000 down payment. 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. Reach out directly to receive the offering memorandum. Please do not visit, drive through, call, or disturb the property without prior approval from the listing broker.
Location
State CA
County Siskiyou
Zoning Seller
Direction On main street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 061351070000
Listed by Timothy Ryan Avine Real Estate
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Roy Wannamaker
REALTOR® | Lic# CA DRE 01838753