NOT LISTED FOR SALE

21813 Vera St Carson, CA 90745

-- Bed
-- Bath
1,400 Sq Ft
3.5 Acres

Last Sold April 26, 2017

Last sale price $1,900,000 $1,357 Per Sq Ft

287 Days on Market

Highlights

  • Active Adult
  • Clubhouse
  • Level Lot
  • 152,502 Sq Ft lot
  • Awning
  • No Heating

About This Home

As of April 2017

A 3.5 acre 31 space mobile home park in Carson on Vera Just south of Carson St.
The infill Vera Carson mobile home park is a 31 unit mobile home community. It occupies 3.5 acres of flat land zoned CARM 25 U. The park was established in 1971 and has a 1400 foot clubhouse office structure. It also has a 20 x 300 foot alleyway used for R V and boat storage. The park is conveniently located just east of the 405 freeway and just south of Carson St. in Carson. It has an extremely stable rent basis and as a rent control property experiences 0% vacancy factor. The park is not asked the city for a rent increase in five years and previously, in the 20 years before that only had one increase. The current ownership is applying for a rate increase that this time. This investment is best suited for experienced Mobile Park owners. This is also a great piece of land for future development provided you understand the process necessary to vacate.

Last Agent to Sell the Property

Douglas Maupin

Maupin Realtors License #00761109 Listed on: 04/25/2016

Last Buyer's Agent

Douglas Maupin

Maupin Realtors License #00761109 Listed on: 04/25/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,250

Year Built

  • Built in 1971

Lot Details

  • 3.5 Acre Lot
  • Lot Dimensions are 625x297x329
  • No Common Walls
  • Block Wall Fence
  • Level Lot
  • Irregular Lot
  • Density is 6-10 Units/Acre

Home Design

  • Entry on the 1st floor
  • Aluminum Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Awning

Parking

  • 31 Open Parking Spaces
  • 31 Parking Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 4546
  • Assessor Parcel Number 7328005017

Community Details

Overview

  • Active Adult
  • Property has a Home Owners Association
  • 32 Buildings
  • 31 Units

Amenities

  • Clubhouse

Building Details

  • Rent Control
  • 31 Separate Electric Meters
  • Electric Expense $1,000
  • Insurance Expense $6,000
  • Maintenance Expense $1,300
  • Trash Expense $1,000
  • Water Sewer Expense $13,000
  • New Taxes Expense $22,000
  • Operating Expense $51,100
  • Gross Income $128,000
  • Net Operating Income $91,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,250

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.10
  • Inclusions: ALL PERSONAL PROPERTY
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Maintained
  • Subdivision Name Other: VERA MOBILE HOME PARK
  • View: No
  • Water Sewer Expenses: 13000.00
  • Property Type: Residential Income
  • Parcel Number: 7328005017
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1357.14
  • Room Type: All Bedrooms Down

Exterior Features

  • Exterior Features: Awning(s)
  • Fencing: Block
  • Pool Private: No
  • Construction Materials: Aluminum Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 31.00
  • Uncovered Spaces: 31.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Electric: Electricity - On Property
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Clubhouse
  • Senior Community: Yes
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level, Irregular Lot, Lot Over 40000 Sqft
  • Lot Size: 625X297X329
  • Lot Size Sq Ft: 152502.00
  • Price Per Lot Square Foot: 14.43

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 128000.00
  • Gross Operating Income: 126000.00
  • Gross Scheduled Income: 125000.00
  • Insurance Expense: 6000.00
  • Maintenance Expense: 1300.00
  • Net Operating Income: 91813.00
  • Number Of Separate Electric Meters: 31
  • Number Of Units Total: 31
  • Operating Expense: 45100.00
  • Other Income1: 3000.00
  • Other Income Description: R V parking
  • Rent Control: Yes
  • Total Expenses: 51100.00

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Area: 14-216
  • Tax Lot: 2
  • Tax Rate: 1.25
  • Tax Tract Number: 4546
  • Tax Annual Amount: 21250.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2017 04/26/17 Sold $1,900,000 -13.6% $1,357 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
08/26/2016 08/26/16 For Sale $2,200,000 +15.8% $1,571 / Sq Ft
07/26/2016 07/26/16 Off Market $1,900,000 -- --
04/25/2016 04/25/16 For Sale $2,200,000 -- $1,571 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16086486

California Regional Multiple Listing Service (CRMLS)