$1,065,000
$1,065,000
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1.28 Acres Lot
SOLD DATE : 10/03/2023
Key Details
Sold Price $1,065,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Not In A Development
MLS Listing ID V1-18506
Sold Date 10/03/23
Construction Status Turnkey
HOA Y/N No
Year Built 1998
Lot Size 1.280 Acres
Property Description
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.
Location
State CA
County San Bernardino
Building/Complex Name Little Pioneertown RV
Zoning Commercial
Interior
Heating None
Cooling None
Fireplaces Type None
Fireplace No
Exterior
Exterior Feature Barbecue
Garage Driveway Level, Off Street
Fence Block
Pool None
Community Features Biking, Hiking
View Y/N Yes
View Mountain(s)
Total Parking Spaces 17
Private Pool No
Building
Lot Description 11-15 Units/Acre, Landscaped, Level, Sprinklers None, Street Level
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Turnkey
Others
Senior Community No
Tax ID 0586101030000
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Jorge DeLeon • Century 21 Everest