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33751 Powerhouse Rd
Auberry, CA 93602

$1,680,000 USD

Land For Sale • 8.96 AC

Property Details

Property Type Land
Lot Size 8.96 AC
Zoning RE

20 Walk Score

Description

Mt Ararat Adult Mobile Home Park is an 8.96-acre, 36-space land-lease community (34 mobile home spaces, 1 RV space, 1 single-family residence) located at 33751 Powerhouse Road in Auberry, an unincorporated Sierra Nevada foothill community in Fresno County. The park has been held by the Hibberd family since a 1993 purchase, and operates as a 55+ senior community with an on-site clubhouse. The property is served by a private well and septic system, with propane fuel via on-site tanks. Zoned RE (Recreational District, Fresno County). A space rent increase to $495/month is already in effect via notice, taking effect January 1, 2027.

                
                    Highlights
                
                                36-space land-lease community (34 MH spaces, 1 RV space, 1 SFR) on 8.96 acres
                            
                                Embedded rental upside — space rent increase to $495/month already in effect via notice, taking effect January 1, 2027
                            
                                Long-term, stable ownership — held by the same family since a 1993 purchase, contributing to a low-turnover resident base
                            
                                55+ senior community with on-site clubhouse — durable, low-vacancy tenant demographic
                            
                                Sierra Nevada foothills location in Fresno County, above the Central Valley fog line, near Millerton Lake and Shaver Lake recreation
                            
                                5.0% cap rate / 8.2 GRM on $85,012 projected 2026 NOI — priced at $187,500/acre

Financial Summary (Proforma)

Net Operating Income: $85,012 USD (2026)

Total Expenses:

$115,201 USD

Public Transportation

Airport	Drive	Walk	Distance
Fresno Yosemite International	53 min	-	34.6 mi

Philip Jordan 805-453-8353 Jordan Apartment Guys

33751 Powerhouse Rd Auberry, CA 93602