40265 Galindo Court
Property Description
What's Being Offered - A mobile home park with 12 tenant-occupied units Pluss 2 more. - Rent guaranteed by the county through 2041 year. - A government-backed housing program (likely subsidized housing lease) - Owner responsibilities are minimal: o Provide Free water service. o Maintain general cleanliness of the park . o Tenants pay: (Electricity. Gas. Internet ) o Repairs (for pay from tenants' units) The 2 Owner-Owned Units. These are different Mobiles Homes: Owner must handle repairs on the water well. Still not responsible for electricity or gas for the other 12 Mobiles Homes. - These generate separate rental income (not part of the county master lease) The Big Selling Point - 'Guaranteed income through 2041' This is the headline feature. o No Units are vacant? 2. Owner offers financials details. o Actual monthly income o Expenses (water, maintenance, insurance, taxes) o Net operating income (NOI) 3. Utility responsibility. It says owner provides water service, And Maitane's service to the Well. 4. Repairs 'not your responsibility on the 12 Mobiles Homes. Who owns each mobile home. Different tenants. Tenants own their homes (common in mobile home parks) That's a big advantage, 5. The others 2 units or Mobiles Homes are owned by the sellers. These could: Add income two more Income, per month. Bottom Line. This could be: A low-maintenance, stable cash-flow investment A 'guaranteed' income. A summary of rent roll. As of today, I can tell you about the outcome regarding the parking situation: An APN (Assessor's Parcel Number) has been assigned to each individual parking space. This was done to ensure that every property could be uniquely identified; as humans, we tend to repeat numbers and street names, which creates issues for utility providers such as water and electricity companies. That is precisely what the County did: it subdivided the parcels of land upon which the mobile homes are situated. However, while the individual records for each lot now list the designation 'LEASE LAND,' the general property records still identify Jose and his wife as the legal owners. -------------------------------------- Para preguntas y citas llama/texto: Salvador
Broker Details
HomeSmart Professionals (760) 844-7500
MLS ID: D79589
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,260,000 |
| No. of Units: | 14 |
| Year Built: | 1986 |
| Lot Size: | 14,600.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $90,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 30 |
| Number of Bathrooms: | 14 |
ID: 3yd-CDARCA-219146255
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