El Alamo

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10075 S Union Ave, Bakersfield , CA 93402
El Alamo
CPX is pleased to offer the opportunity to acquire a 22-site mobile home park in Bakersfield, California. Located at 10075 S Union Ave, there are two one-bedroom apartments and 22 lots zoned for mobile homes/RV per HCD. Currently, the owner operates the park as 20 long-term RV spaces, 2 mobile homes, and 2 apartments. Located off CA-99, El Alamo is a 20-minute drive from I-5 and is just four miles away from Walmart Supercenter. The community is currently on city water and has two large septic tanks for the 22 mobile home lots and individual smaller tanks for the two apartments. The current lot rents for the park are $350, which is below market for the area. Rent includes payment of water, sewer, and trash services. Electricity is individually metered and charged per space. Current market rent exceeds $415 per space, with top of the line communities receiving over $600 per month in lot rent. The property is not subject to any rent control from Bakersfield or Kern county, allowing ownership bring rents to the true market rate. The opportunity is primed for an investor to quickly and significantly increase the NOI.
Tyson Cross
Director, Manufactured Housing
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Rand Hoffman
Broker (Manufactured Housing)
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