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6070 Old Redwood Hwy
Penngrove, CA 94951

$4,630,000 USD

Manufactured Housing Mobile Home Park For Sale  •  13,698 SF

Property Details

  • Property Type Manufactured Housing Mobile Home Park
  • Total Building Size 13,698 SF
  • Lot Size 3.18 AC
  • Building Class C
  • Year Built 1974
  • Zoning M1
0 Transit Score
46 Walk Score

Description

Penngrove Village is an all-ages manufactured housing community located at 6070 Old Redwood Hwy in the Penngrove area of Sonoma County, California. This charming community is nestled next to Lichau Creek with great access to US 101 and the San Francisco Bay Area. The property is walking distance to downtown Penngrove and only 5-15 minutes driving time to local amenities such as Sonoma State University, shopping outlets, and more.  

The community consists of 34 mobilehome spaces and 7 RV spaces, which are 100% owner-occupied, plus 3 rental units (a duplex and a “cottage”) on 3.18 acres. The property operates on public water and sewer. Gas, electric, and disposal services are directly billed by local service providers. Annual rent increases are permitted at 70% of the CPI change or 4%, whichever is less, plus 5% on turnover.

Highlights

Completed CPUC utility upgrade of gas and electric infrastructure.
New exterior siding to the park-owned structures.
100% occupied with market rent for RV turnover and 5% increases for mobilehome turnover.
Asphalt streets replaced and overlaid.

Amenities

  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.8 mi
7 min - 3.9 mi
AirportDriveWalkDistance
Charles M Schulz - Sonoma County 26 min - 18.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 56
Type: Surface
Included in Rent: Yes
Joe Smithonic 925-207-2514 Smithonic Real Estate, Inc.
Joe Smithonic 925-207-2514 Smithonic Real Estate, Inc.