Blue Spruce Mobile Estates Development

List Price $650,000

7035 Pentz Rd, Paradise, CA 95969

Tim Ryan & Jason Lippe Exclusive Listing

Price
$650,000

Total Sites
32

DOWNLOAD OM

Price/Site
$20,312

Price/Acre
$167,526

Occupancy
0%

Lot Size
3.88 AC

Year Built
N/A

Designation
Age Restricted

INVESTMENT HIGHLIGHTS

❑ Permits – The seller obtained construction permits from HCD at a cost of +/- $40,000. The new owner may resubmit the permits for approval and proceed with construction.

❑ Seller Financing – Attractive seller financing is available for qualified borrowers (5% I/O, 3 year term, 25% Down).

❑ Utilities & Pre-Development – Each pad is already set up for direct gas and electric billing with PG&E. The new owner can determine how water, sewer, and trash are billed. Engineered plans for septic and water systems are available, debris is cleared, and HCD permit is issued.

❑ Sites – All spaces are large enough for a doublewide MH.

❑ Rent Comps – Comparable manufactured home communities in Paradise are earning monthly space rents averaging $612.

❑ Location – Within 10 minutes of major retail and services, 30 minutes of Chico, CA and 90 minutes of Sacramento, CA.

EXECUTIVE SUMMARY

Blue Spruce Mobile Estates is comprised of 3.88 acres located in Paradise, CA, nestled in the scenic foothills of the Sierra Nevada. The Property has been issued a permit by HCD to operate and utility pedestals for direct billed gas and electric from Pacific Gas & Electric (PG&E) have been installed at all 32 pads. Significant capital improvements have been made to pre-develop the property and engineering is complete for septic and water systems to be installed, making Blue Spruce a true “plug and play” opportunity.

With a price of $650,000 ($20,318 per pad), Blue Spruce Mobile Estates will allow a development-minded operator to establish a high-quality community at a favorable investment basis. Further priming Blue Spruce to generate attractive cash flows, seller financing is being offered for qualified borrowers at 5% Interest Only for a three-year term with 25% down.

The town of Paradise is blooming thanks to substantial public and private investment. In in 2022, $73mm was allocated to repave all public roads and public underground utility repairs were completed in 2024. Public water testing has been complete and service has been restored from Paradise Irrigation District (PID). Businesses and residents have returned to Paradise, with numerous retailers located within 3-miles of Blue Spruce such as Dollar General, Walgreens, Dollar Tree, Ross Dress for Less, and more. For major employment and services, Blue Spruce is located approximately 30 minutes from Chico, CA and 90 minutes from Sacramento, CA