Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!
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Listing Snapshot
Price
$6,000,000
Days On Site
21 Days
Bedrooms
N/A
Inside Area (SqFt)
25,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
11.286 Acres
Year Built
1958
MLS® Number
ML82041267
Status
Active
Property Tax
$60,000
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
2 weeks ago
Price changed to $6,000,000
3 weeks ago
Listing first seen on site
General Features
Acres
11.286
Disclosures
Fire Zone
Foundation
SlabOtherPillar/Post/Pier
Parking
Off StreetAssignedCommonGuestOversized
Parking Spaces
80
Pets
Yes
Property Sub Type
Multi Family
Security
Security Fence
Sewer
Septic Tank
SqFt Total
25000
Utilities
Propane
Zoning
MDR/5
Interior Features
Cooling
Ceiling Fan(s)Central Air
Fireplace
Yes
Heating
CentralElectricForced AirFireplace(s)Propane
Laundry Features
Common Area
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Exterior Features
Lot Features
Level
Pool Features
None
Roof
Other
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Mountain(s)ForestGardenPark/GreenbeltRiver
Waterview
Mountain(s)ForestGardenPark/GreenbeltRiver
Community Features
Association Amenities
GatedBeach RightsCoin Laundry
School District
Carmel Unified
Schools
School District
Carmel Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listed by of Sean Griffin of Agency One Real Estate (831) 262-1955
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MLS Listings, Inc..
Last checked: 2026-04-27 08:35 PM UTC
Neighborhood & Commute
Source: Walkscore
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