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Listed by Tim Ryan, DRE #02097345 • Avine Real Estate
$ 3,199,000
Est. payment /mo
Active
9849 Sunrise Hwy Mount Laguna, CA 91948
3 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26217204
Year Built 1984
Lot Size 3 Sqft
Source California Regional MLS
Property Description
Sunrise Highway RV Park & Restaurant is a 3.84-acre, 27-site RV community, restaurant, and apartment located in Mount Laguna, San Diego County, CA and offered for $3,199,000. The pricing equates to an 8.01% cap rate based on current budget NOI of $256,256. The Property includes 25 HCD-permitted full hookup RV sites, a detached full-service restaurant building with living quarters and a separate apartment, an office trailer with manager's quarters, and common area amenities including a gym, bathrooms, showers, and laundry. The RV sites consist of 12 park-owned homes and 13 resident-owned homes. The Property is 96.3% occupied, with one vacant park-owned home and all other sites occupied. The average site rent is $1,022 per month, and the occupied park-owned homes earn an average premium of $487 per month on top of site rent for total rent of $1,509. Two additional movable park-owned homes are on site and available for future placement or sale. They were moved to storage when new residents brought in their own homes. The restaurant building provides additional income, with the apartment leased for $1,500 per month and the restaurant and living quarters leased together for $4,725 per month. The Property is operated by a full-time on-site manager and maintenance technician who h
Location
State CA
County San Diego
Area 91948 - Mount Laguna
Interior
Laundry Laundry Area, Community Facility
Exterior
Pool Community Facility
View Hills, Forest / Woods
Building
Sewer Septic Tank / Pump
Water District - Public
Others
Tax ID 4111701600
Special Listing Condition Not Applicable
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