$625,000
689 Main Street
Loleta, CA 95551
MLS# 258651
250 sqft


689 Main Street, Loleta, CA 95551
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Property Description
West Wind Mobile Home park features Six single-wide Mobile Home spaces, nine Double-wide Mobile Home spaces and 12 RV spaces(long term) and a Laundry room and men's and womens bathrooms plus approximately one acres for future development.West Wind Mobile Home Park is 100 % leased and each space is sub-metered for electrical and gas. The owner reads the meters for the spaces and the tenants pay their portion of electricity and gas with their monthly rent.The Laundry building has two park owned washer and dryers. The property is serviced by city water, sewer and unicipal services. Water are sewer are direct billed and paid for by the owner. The sewer is billed with the property taxes and is paid twice a year. There is weekly trash pickup with with cans owned by the trash company,

Details
Maps
Listing Information
Status: Active
List Date: 2021-03-29
List Price: $625,000
Current Price: $625,000
Property Description
Type of Property: Multi-Family
Realtor.com Type: Multi Family
Style: Other - Spec in Remarks
Garage Type: None
Lot Size: 3 - 3.99 Acres
Lot Dimensions: iregular
Lot Acres: 3
Appearance: Fair
Building Description
Main House SqFt: 250
Historic Registry: No
Gated Entry: No
Total Units: 27
Year Built: 1950
Location, Legal and Taxes
Area: Mid County
House Number: 689
Street Name: Main
Street Suffix: Street
Sub-Area: Loleta
State: CA
Zip Code: 95551
Cross Street: Eel River
School District: Loleta
APN: 309-101-006
Directions and Remarks
Directions: Loleta Exit off 101, West to Main Street, make a right turn.
Schools
Elementary School: Loleta
Miscellaneous
Timber: No
Sidewalk: No
Security Deposit: Yes
Total Units By Type
# Studio Units: 27
Annual Gross Income: 137817
Annual Expenses: 79610
Property Features
View: Bay; Hills; Panoramic; Pasture; Valley
Fenced: Partial
Zoning: Multi-Family; Other
RV Parking: Gravel
Possession: At Close of Escrow
Levels: One Story
Parking: 21 or More Spaces; On Site
Laundry: Dryer; Separate; Sink; Washer
Driveway: Asphalt; Gravel
Water: Public
Sewer: Public
Lot Description: In Town; Panoramic View
Road: Gravel; Paved; Private
Utilities: 110 Volts; Circuit Breaker; Electric; Gas; Separately Metered
Financing Terms: Owner Carry 1st
Supplements
and the cost is passed thru to the tenants which do not have direct billed. The fifteen mobile spaces are under Measure V a county rent ordinance and rates are raised every May with tenants notice in February. This years increase is in documents. There is one point of ingress and egress for all parcels. The park roads are a combination of pavement and gravel. The gravel was redone in February of 2020. The Sellers are the third owner of the park and have owned it approximately 25 years. One is a licensed California Real Estate Broker. Loleta is small country town with a post office, grocery store park and meat market. Agriculture and Dairy have been the salient factors in Loleta's economy, most residents work outside the community in neighboring cities. The Bear River Band of the Rohnerville Rancheria is headquartered in Loleta, where they operate the Bear River Casino and Hotel. College of the Redwoods is a ten minute drive, Eureka is a 15 minute drive. The Park is a five minute drive to the ocean and 10 minute drive to Humboldt Bay National Wildlife Refuge where some of the best bird watching in region exist. West Wind Mobile Home Park is mainly surrounded by pasture land and has sweeping pastoral and distant ocean views.

Last Updated: May - 04 - 2021

689 Main Street, Loleta, CA 95551 - MLS# 258651

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.

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