For Sale
$4,500,000

1301 El Camino AveSacramento, CA 95815

49-site RV park, commercial building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained, 49-site RV park and commercial building located at 1301 El Camino Ave, Sacramento, CA 95815. The property, encompassing approximately 2.03 acres across five contiguous parcels, boasts a 96% occupancy rate and a strong NOI of $340,059. The park features 49 HCD-permitted mobile home sites, with eight occupied by mobile homes and the remainder by RVs, each generating $800 in monthly rent. A significant asset is the approximately 912 square foot commercial building leased to Great Outdoors Auto & RV Sales for $4,500 per month plus utilities. Additional improvements include a 1,550 square foot storage building and an 850 square foot laundry and storage facility. The property benefits from city water and sewer, sub-metered utilities, and ample parking (100 spaces). Built in 1945 with renovations completed between 2017 and 2023, the property is zoned C2 (Commercial) and situated near I-160 and I-80. The total square footage is 88,426, with a price per square foot of $50.89 and a price per pad of $91,836.73. The asking price is $4,500,000, representing a 7.56% capitalization rate. This stabilized, value-add investment offers a rare opportunity in the Sacramento market, situated in an Opportunity Zone and featuring low turnover rates. The property includes newer underground utilities, though AT&T and cable lines are above ground. The park's surface is paved asphalt. There are no park-owned homes.

Highlights

  • Five adjacent parcels totaling ~2.03 acres in Sacramento, CA.
  • 49 HCD-permitted mobile home sites; 8 occupied by mobile homes, remainder by RVs.
  • ~912 SF commercial building leased to Great Outdoors Auto & RV Sales.
  • ~1,550 SF storage building and ~850 SF laundry/storage building.
  • City water and sewer, sub-metered utilities.
  • Sub-metered gas and electricity.

Property Details for 1301 El Camino Ave

Property type
Retail properties, Mobile home & RV parks
Square Feet
88,426 SF
Class
C
Year Built/Renovated
1945/2017
Buildings
3
Units
49

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.6113028
Longitude
-121.4376162
1301 El Camino Ave, Sacramento, California

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1301 El Camino Ave
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