NOT LISTED FOR SALE

55408 Twentynine Palms Hwy Yucca Valley, CA 92284

Estimated Value: $87,000 - $1,039,864

1 Bed
2 Baths
1,740 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $1,065,000 $612 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $4,244/month

3 Days on Market

Highlights

  • No Units Above
  • Mountain View
  • Laundry Room
  • 1.28 Acre Lot
  • Hiking Trails
  • Outdoor Grill

About This Home

As of October 2023

Little Pioneertown RV, strategically located on 29 Palms Hwy en route to Joshua Tree National Park, is the only approved RV Park in Yucca Valley and provides the exclusive opportunity to service an ever increasing flow of RV'ers traveling to Joshua TreeNational Park. This RV Park boasts 17 full-service and generous RV spaces, each with an individual BBQ, picnic table, and shady pine trees. This Park is serviced by City sewer. The common area has services that include laundry, propane grill island, guest restrooms, and showers. In addition to the spacious park office, there is a 700 s.f., 1/1 apartment to serve as either a manager's or owner's quarters. The clubhouse is currently configured as a manager's 3-bedroom apartment. Little Pioneertown RV is the ideal investment for a retiree or owner operator wanting to take over a clean, income producing asset with tremendous upside. An owner-operator would be able to live on site, not having to pay rent elsewhere and not having to pay for management, This could represent a savings in the neighborhood of $45,000 / year with a savings of $20,000 for management and another savings of $25,000 by not having to pay for a rental elsewhere. The park is presently fully occupied, with a majority of the spaces rented to long-term tenants. Although this configuration ensures a stable and dependable income stream, there is the distinct potential for a substantial increase in income by reverting the business model's focus back to short-term rentals.There is also an exciting opportunity to place park models and rent them out as short-term vacation rentals aka 'glamping'! This business model is very successful in similar areas which are close to national parks because of the built-in area attraction.Please call listing agent about the potential for expansion as there may be additional vacant parcels available for purchase that are adjacent to Little Pioneertown RV. The City is open to reviewing plans which include adding on to the existing parkPro forma gross income: $223,000Pro forma net income: $114,874Pro forma revenue is based on nightly rentals of $60 and a 60% occupancy rate.Please see Offering memorandum under Documents tab.Please contact broker prior to visiting property.

Last Agent to Sell the Property

Jorge Deleon

eXp Realty of California Inc License #01148777 Listed on: 06/10/2023

eXp Realty of California Inc

Last Buyer's Agent

Jorge Deleon

eXp Realty of California Inc License #01148777 Listed on: 06/10/2023

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,085

Year Built

  • Built in 1998

Lot Details

  • 1.28 Acre Lot
  • Property fronts a highway
  • No Units Above
  • No Units Located Below
  • Block Wall Fence
  • Landscaped
  • Level Lot
  • No Sprinklers
  • Density is 11-15 Units/Acre

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 1,740 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 17 Parking Spaces
  • Parking Available
  • Driveway Level
  • Off-Street Parking

Additional Features

  • Outdoor Grill
  • No Heating

Listing and Financial Details

  • Tax Lot 03
  • Tax Tract Number 104
  • Assessor Parcel Number 0586101030000

Community Details

Overview

  • 17 Units
  • Not In A Development Subdivision
  • Little Pioneertown RV

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • 17 Separate Electric Meters
  • Electric Expense $11,475
  • Insurance Expense $2,913
  • Professional Management Expense $19,800
  • Trash Expense $5,062
  • Water Sewer Expense $5,651
  • Operating Expense $68,408
  • Gross Income $109,000
  • Net Operating Income $40,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,085

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.81
  • Inclusions: Clubhouse and all day to day FF&E's required for the day to day operations of the Park.
  • Park Name: Little Pioneertown RV
  • Professional Management Expense: 19800.00
  • Property Attached: Yes
  • Road Frontage Type: Highway
  • Road Surface Type: Paved
  • Subdivision Name Other: Not in a Development
  • View: Yes
  • Water Sewer Expenses: 5651.00
  • Zoning: Commercial
  • Property Condition: Turnkey
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 0586101030000
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No One Above, No One Below
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 612.07

Exterior Features

  • Exterior Features: Barbecue Private
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway Level, Off Street
  • Total Parking Spaces: 17.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 5062.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, 11-15 Units/Acre, Sprinklers None, Level with Street, Level
  • Lot Size Sq Ft: 55756.80
  • Lot Size Acres: 1.2800

Multi Family

  • Electric Expense: 11475.00
  • Gross Income: 109000.00
  • Gross Scheduled Income: 109000.00
  • Insurance Expense: 2913.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 1.2800 Acres
  • Net Operating Income: 40600.00
  • Number Of Separate Electric Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 68408.00
  • Rent Control: No
  • Total Expenses: 68408.00

Tax Info

  • Tax Lot: 03
  • Tax Tract: 3081
  • Tax Tract Number: 104.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2023
Sold by
Yucca Rv Partners Llc
Bought by
Rv Assets Llc
Current Estimated Value
$563,432

Purchase Details

Closed on
Jun 12, 2018
Sold by
Redding Gabriella
Bought by
Yucca Rv Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2016
Sold by
Pandhi Mahendra Manilal
Bought by
Redding Gabriella

Purchase Details

Closed on
Mar 1, 2016
Sold by
Pandhi Mahendra M
Bought by
Pandhi Mahendra Manilal and Pandhi Lata Mahendra

Purchase Details

Closed on
Jan 12, 2013
Sold by
Pandhi Mahendra M
Bought by
Pandhi Mahendra Manilal and Pandhi Lata Mahendra

Purchase Details

Closed on
Mar 17, 2011
Sold by
Pandhi Mahendra M
Bought by
Pandhi Mahendra M and Pandhi Lata M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,300
Interest Rate
4.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rv Assets Llc $1,065,000 Fidelity National Title Compan
Yucca Rv Partners Llc $750,000 Chicago Title Company
Redding Gabriella $395,000 Spl Title Services
Pandhi Mahendra Manilal -- Spl Title Services
Pandhi Mahendra Manilal -- None Available
Pandhi Mahendra M -- None Available
Pandhi Mahendra M -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yucca Rv Partners Llc $475,000
Previous Owner Pandhi Mahendra M $64,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $1,065,000 0.0% $612 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $1,065,000 -- $612 / Sq Ft
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,085 $1,086,300 $499,800 $586,500
2024 $15,085 $1,065,000 $490,000 $575,000
2023 $11,828 $820,234 $246,070 $574,164
2022 $11,665 $804,151 $241,245 $562,906
2021 $10,763 $788,384 $236,515 $551,869
2020 $10,851 $780,300 $234,090 $546,210
2019 $11,349 $765,000 $229,500 $535,500
2018 $6,295 $402,900 $153,000 $249,900
2017 $5,043 $395,000 $150,000 $245,000
2016 $3,281 $255,000 $115,000 $140,000
2015 $3,265 $257,000 $100,000 $157,000
2014 $3,301 $257,000 $100,000 $157,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-18506

Ventura County Regional Data Share

APN: 0586-101-03