Yreka RV Village

List Price $850,000

1241 S Main Street, Yreka, CA 96097

Exclusive Listing
Tim Ryan & Jason Lippe

Price
$850,000

Total Sites
40 Sites

Price/Site
$21,250

Price/Acre
$367,965

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Occupancy
67.5%

Lot Size
2.31 Acres

Designation
All Age

Rent Control
No

NOI (Current)
$36,875

Cap Rate (Current)
4.34%

NOI (Pro Forma)
$86,631

Cap Rate (Pro Forma)
10.19%

INVESTMENT HIGHLIGHTS

❑ Assumable & Seller Financing – There is an assumable first-position loan with a $400,000 balance at 8.00% interest-only, combined with seller financing in second position for up to $250,000 at 4.50% interest-only, due September 1, 2029 (approx. 4 years remaining). The total note is $650,000 at a blended 6.65% interest-only rate.

❑ Infill Opportunity – 13 vacant sites provide the new owner with the opportunity to increase occupancy through infill. Additionally, there is one potential expansion site that would increase the total site count from 38 to 39.

❑ Utility Billbacks – The landlord currently pays for water, sewer and trash, presenting an opportunity to implement utility billbacks and improve NOI.

❑ Opportunity Zone – Located in a Qualified Opportunity Zone.

❑ Commercial Buildings – Includes two standalone commercial buildings, both which are occupied by tenants paying rent of $785/month and $950/month respectively.

❑ Below-Market Rents – The current average space rent is $397, over 30% lower than the comparable set average of $589.

❑ Spaces – All 38 sites are HCD-permitted for manufactured homes, allowing for long-term manufactured home infill and improved stability.

❑ Tenant Owned Homes – All of the occupied units are owned by the tenants, reducing maintenance responsibility.

❑ Utilities – All public utilities with electric billed directly to the tenants.

EXECUTIVE SUMMARY

Yreka RV Village is a 38-site, all-age community with 2 separate commercial buildings and 1 potential expansion site, located in Yreka, CA, and offered for $850,000 (or $21,250 per unit). The offering includes an assumable $400,000 loan and second-position seller financing of $250,000, for a combined total of $650,000 at a blended interest-only rate of 6.65%, requiring a $200,000 down payment.

The park is currently 67.5% occupied by long-term tenants, with 13 vacant sites offering significant upside through home infill. All 38 sites are HCD-permitted for manufactured homes, providing flexibility for future occupancy growth. In-place rents are approximately 33% below comparable communities, creating strong value-add potential through rental increases.

Yreka RV Village benefits from all public utilities and direct billed electric. Water, sewer, and trash services are included in rent, presenting the opportunity for the new owner to introduce utility bill-back. The property also features a standalone, site-built office structure used for management and operations.

The community is located within a Qualified Opportunity Zone, a federal program intended to drive investment into designated areas. Yreka RV Village is less than one mile from an I-5 on-ramp, and in close proximity to a state-of-the-art hospital and several commercial businesses. The location offers access to employment, services, culture, entertainment, and airports, with Mt. Shasta, CA, Ashland, OR, and Medford, OR all within a one-hour drive.

Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.