689 Main Street, Loleta, CA 95551 - Multi Family Home

$ 673,700 On the Market Save to FavoritesSaved      

Description:

An unusual opportunity to obtain a great investment property with an excellent long term history and room for expansion. The combination mobile home and R.V. park is located in the up and coming town of Loleta with lovely pasture and distant ocean views. In addition to the income from the base rent, there are laundry room and miscellaneous charges for some tenants. The park has a zero vacancy rate and receives calls constantly asking if there are any spaces available. The sale also includes the pasture land between the park and the old highway, which I believe would make an excellent expansion area.The Park is master meter and I want to make it clear this is a hands on management property, but what a money maker. Gross income is $115,920. Expenses are $38,400 without property tax's.

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Quick Facts

Total Rooms:
27
Style:
Over 10 Units
Condition:
Average
Year Built:
1940
Lot Size:
3.00 acres
Garage:
None
Est. Payment:
$2731 / month
(20% down, 30 years @ 4.5%)
Asking Price:
$ 673,700
Days on Market:
48
Listing Office:
Benchmark Realty Group / RD

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    Interior Features:

  • Levels: One Story
  • Laundry: Coin Op
  • Heating: None
  • Exterior Features:

  • Style: Over 10 Units
  • Historic Registry: No
  • Condition: Average
  • Garage: None, 0
  • Parking: 21 or More Spaces, On Site
  • RV Parking: Gravel, Power, Room for RV Parking
  • Construction Features:

  • Construction: Other
  • Lot Features:

  • General: Pasture View, Near Shopping
  • View: Ocean, Pasture, Panoramic, Valley
  • Driveway: Gravel
  • Fencing: Partial
  • Zoning: Other
  • Miscellaneous: Sidewalk: No
  • Location Features:

  • Road/Access: Gravel, Private, Paved
  • Gated Entry: No
  • Utilities Features:

  • Utilities: Electric, Gas, Separate Laundry
  • Water: Public
  • Sewer: Public
  • Walk Score®: 12 Car-Dependent - Almost all errands require a car
  • Transit Score®: 25 Some Transit - A few nearby public transportation options
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Neighborhood details for 689 Main Street, Loleta, CA 95551 - Neighborhood: Loleta

HousingNear HereNeighborhoodZip Code
Total Households544361255
Median Age of Home195819581960
Median Property Value$287,891$288,148$341,435
Homes Owner Occupied60.64%60.7%67.12%
Homes Rented39.36%39.3%32.88%
Homes Vacant7.54%7.55%6.85%
Median Rent$ 717$ 717$ 807
Crime Risk (national avg is 100)Near HereNeighborhoodZip Code
Overall Crime Risk150150140
Murder Risk151151146
Assault Risk136136121
Burglary Risk166166129
Vehicle Theft Risk124124125
PeopleNear HereNeighborhoodZip Code
Population1280853005
Male50.39%50.41%51.16%
Female49.61%49.59%48.84%
Median Age37.637.641.5
People Per Household2.652.652.68
Households with Children61.63%61.67%65.88%
Median Household Income$41,107$41,118$48,596
EducationNear HereNeighborhoodZip Code
Some High School8.78%8.78%7.11%
High School38.91%38.9%30.1%
Associate Degree7.51%7.49%7.12%
Bachelors Degree15.59%15.59%19.34%
Masters Degree2.31%2.33%4.05%
Graduate Degree4.04%4.05%6.48%
Professional Degree1.73%1.72%2.19%
Doctorate Degree0.0%0.01%0.25%
CommutingNear HereNeighborhoodZip Code
Average commute time19 minutes19 minutes18 minutes
Travel by Car78.79%78.72%80.35%
Travel by Public Transportation0.34%0.38%1.88%
Travel by Walking7.24%7.21%3.99%
Travel by Other1.68%1.69%1.64%
Work from Home11.28%11.33%11.29%
WeatherNear HereNeighborhoodZip Code
Average Annual temperature53 degrees53 degrees53 degrees
Average Annual minimum45 degrees45 degrees44 degrees
Average Annual maximum61 degrees61 degrees61 degrees
January Average Low39 degrees39 degrees39 degrees
July Average High66 degrees66 degrees67 degrees
Sunny Days per Year186 days186 days186 days
Partly Clear Days per Year78 days78 days78 days
Cloudy Days per Year7 days7 days7 days
Rainy Days per Year117 days117 days117 days
Snowy Days per Year0 days0 days0 days
Annual Rainfall43 in.43 in.46 in.
Annual Snowfall0 in.0 in.0 in.
Environmental (national avg is 100)Near HereNeighborhoodZip Code
Pollution Index949494
Earthquake Index682682682
Wind Index000
Hurricane Index000
Tornado Index000
Hail Index000

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Based on information from the Humboldt Association of REALTORS®, as of 11/17/2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2018 Humboldt Association of Realtors®. All rights reserved.