584 E H Street 1-11, Colton, California 92324, Colton, 92324 - bed, bath
ACTIVE$850,000$1,360/sqft
584 E H Street 1-11, Colton, California 92324
0Bed
0Bath
1,360Sqft
15,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15000, living area = 1360.
Top Cons:
Age of Infrastructure: Built in 1923, the underlying infrastructure of the park (utilities, common areas) may be significantly aged, potentially requiring substantial capital expenditures for upgrades or repairs.
Compared to the nearby listings
Price:$850.0K vs avg $510.0K (+$340,000)96%
Size:1,360 sqft vs avg 1,326 sqft51%
Price/sqft:$625 vs avg $37198%
More Insights
Built in 1923 (103 years old).
Condition: The property, built in 1923, is a mobile home park with a primary structure of 1360 sqft. The images reveal an aged park with many older mobile homes/RVs, some appearing in disrepair, and general infrastructure showing significant wear. There are no interior photos or details regarding the condition of kitchens, bathrooms, appliances, or other systems for the main building or any units. Given its age and the visible state of the park, substantial repairs and rehabilitation are likely required for the infrastructure and the primary residence, aligning with the 'poor' condition criteria.
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
TR26002916
Home ConditionPoor
Features
Good View:
View-
About this home
EXCELLENT BUSINESS OPPORTUNITY! Mobile Home Park for Sale in Colton! Invest in a thriving mobile home park in Colton, offering a unique opportunity for a savvy buyer. This well-established park boasts: - 100% Occupancy: All available spaces are rented, providing a steady stream of income. - Low Management Requirements: Tenants pay their own utilities, simplifying management tasks. - Stable Cash Flow: With a proven track record of occupancy, this park offers a reliable source of revenue. Don't miss this chance to acquire a lucrative business venture. Contact us today to schedule a viewing and take the first step towards owning a successful mobile home park!
V
Vince Kwon
Listing Agent
Condition Rating
Poor
The property, built in 1923, is a mobile home park with a primary structure of 1360 sqft. The images reveal an aged park with many older mobile homes/RVs, some appearing in disrepair, and general infrastructure showing significant wear. There are no interior photos or details regarding the condition of kitchens, bathrooms, appliances, or other systems for the main building or any units. Given its age and the visible state of the park, substantial repairs and rehabilitation are likely required for the infrastructure and the primary residence, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15000, living area = 1360.
100% Occupancy: The mobile home park boasts full occupancy, ensuring an immediate and steady stream of rental income for the investor.
Stable Cash Flow: With a proven track record of full occupancy, the property offers a reliable and predictable source of revenue.
Low Management Requirements: Tenants are responsible for their own utilities, significantly simplifying management tasks and reducing operational overhead for the owner.
Established Business: Described as a 'well-established park,' indicating existing operational stability and a ready-to-go business model.
Lucrative Investment Opportunity: Explicitly marketed as an 'excellent business opportunity' and a 'lucrative business venture,' highlighting its investment potential.
Cons
Age of Infrastructure: Built in 1923, the underlying infrastructure of the park (utilities, common areas) may be significantly aged, potentially requiring substantial capital expenditures for upgrades or repairs.
Lack of Physical Condition Details: The description provides no information regarding the physical condition of the park's common areas, utility systems, or individual spaces, which could imply unknown deferred maintenance or necessary improvements.
Property Type Discrepancy: The listing data classifies the property as 'Residential' and 'Single Family Residence,' which contradicts the description of a 'Mobile Home Park,' potentially leading to complications with financing, zoning, or legal classification.