For Sale

420 CLEVELAND Avenue, Sacramento, CA 95833

420 CLEVELAND Avenue, Sacramento, Sacramento, CA, 95833
2 weeks ago
Views: 19

$1,150,000(Negotiable)

Overview

3486055

Type

3+ Houses on Lot

Parking

Beds

Baths

Sqft

1764

Build Year

1949

Purpose

For Sale

About This Listing

Rare Value-Add Investment Opportunity! Welcome to a permitted and licensed mobile home and RV park offering 13 income-producing tenants (2 cottages, 7 RV lots, and a fourplex of studios), plus two houses and a studio fourplex on site. Tenant-owned RVs and mobile homes are permanently placed and fully connected to water, sewer, and electricity, creating a low-maintenance ownership model where the owner primarily maintains structures and utility connections. Major improvements include full paving and new roofs in 2019. Updated studio units with laminate flooring and granite top kitchen cabinets. Currently generating over $10,000/month with one vacancy, the property produces $127,000+ in annual gross income with vacancy under 1% in a stable, close-knit community. This rare hybrid asset offers diversified income, strong cash flow, and upside potential, supporting an attractive cap rate (8%) and Gross Rent Multiplier (9GRM) on purchase price. High-yield, low-maintenance, unique asset class bring your offer!

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MetroList CA data Last Updated: January 26, 2026, 6:42 am

Data Source: SACM