11.47 Acres Lot
11.47 Acres Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26042485
HOA Y/N No
Year Built 1961
Annual Tax Amount $26,271
Tax Year 2025
Lot Size 11.470 Acres
Property Sub-Type Mixed Use
Property Description
The property is served by municipal water, private septic, and direct-billed gas and electric. The community currently consists of 30 occupied tenant-owned homes, four occupied park-owned homes, and six vacant lots ready for new home placement, providing upside through infill. The average space rent of $617 per month is approximately 15% below market, offering a clear path for rental growth. The four newer park-owned homes are currently leased between $1,300 and $1,520 per month and are valued at a total of $340,000 or $85,000 per home. The stick-built single-family residence located at the front of the community is undergoing final improvements, including a new roof, and is expected to be leased prior to closing, contributing additional stabilized income.
A significant driver of long-term value is the adjacent 6.68-acre parcel, which has received approvals from HCD to expand the community by 24 additional mobile home sites. The expansion has the civil improvement plans in place and building permits under HUD review. Comcast/Xfinity has committed to covering the majority of infrastructure costs for internet, TV, and voice service installation. The adjacent parcel and associated improvements are valued at $312,000, providing investors with an attractive basis for scalable future growth in a supply-constrained market.
Strategically located in the Greater Oroville area, serving an approximate population of ~55,000 and encompassing the City of Oroville, the county seat of Butte County, Iron Oaks MHP benefits from a stable regional economy supported by healthcare, government services, higher education, agriculture, water and energy infrastructure, and recreation Lake Oroville.
Location
State CA
County Butte
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Engineered Septic, Private Sewer, Septic Tank
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 078050027000
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
Lease Land No
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA