MLS® ID: 40863407
1824 21St St
SAN PABLO, California, 94806 $5,350,000
1824 21st Street in San Pablo is a 39-space mobile home / RV park with one park-owned single-family home with great San Pablo location. This investment presents an excellent opportunity for the next investor to have immediate cash flow with huge rental upside. The park has a history of little or no vacancies and is currently nearly 100% occupied. Many tenants are far below market in rent, offering the next investor the opportunity to raise rents after closing and achieve significantly greater cash flow. San Pablo has a low rental supply and is one of the fastest growing rental markets in the Bay Area with 1 bedroom apartments renting for over $1,800 and 2 bedroom apartments renting for over $2,400.