Property Details
About this Property
Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!
MLS Listing Information
MLS #
ML82041267
MLS Source
MLSListings, Inc.
Days on Site
8
Interior Features
Laundry
Coin Operated
Cooling
Ceiling Fan, Central Forced Air
Heating
Central Forced Air, Electric, Fireplace, Propane
Exterior Features
Roof
Other
Foundation
Pillar/Post/Pier, Slab, Other
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, Room for Oversized Vehicle, Garage: 0 Car(s)
Elementary District
Carmel Unified
High School District
Carmel Unified
Sewer
Septic Tank
Water
Well
Complex Amenities
Barbecue Area, Beach Rights, Community Security Gate, Game Court (Outdoor), Garden / Greenbelt/ Trails
Zoning
MDR/5
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 52 | 51 | 56 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,000 | 1 | 1/0 | $650 | $1,100 | 30 |
| 2 | 700 | 1 | 0/0 | $501 | $2,237 | 16 |
| 3 | 300 | 1 | 1/0 | $840 | $1,000 | 4 |
| 4 | 1,740 | 2 | 2/0 | $2,500 | $3,000 | 1 |
| 5 | 1,840 | 0 | 0/2 | $100 | $100 | 1 |
| 6 | 1,412 | 2 | 1/0 | $3,500 | $3,500 | 1 |
| 7 | 288 | 1 | 1/0 | $2,400 | $2,400 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
18842 Cachagua Rd is a Residential Income in Carmel Valley, CA 93924. This 25,000 square foot property sits on a 11.286 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,000,000 and was built in 1958. This address can also be written as 18842 Cachagua Rd, Carmel Valley, CA 93924.
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This listing information is up-to-date as of April 11, 2026. For the most current information, please contact Sean Griffin, (831) 262-1955
