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Shelter Cove California

This property is a wonderful opportunity for the savvy investor to acquire gorgeous, coastal California in-come real estate with tremendous long term value added opportunities.

As California continues to burst with population and development growth, increasing numbers of people are seeking beauty and solitude such as Shelter Cove, one of a kind California coastal real estate.

Shelter Cove RV Park and Campground is permitted by the state of CA HCD for 49 RV spaces with drains, 55 RV spaces without drains and 1 Mobile Home, 105 permitted spaces total.

The property occupies a 4.85 acre parcel.

The RV park is serviced by public agency, Resort Improvement District (RID), utilities: water, sewer and electricity.

The property was initially opened in the 1950s with the utility infrastructure and buildings built in the 1960s and 1970s and 2000s. Average Net Operating Income, 2015-2017 is $189,000 (adjusted to new property taxes).

SBA Loan Financing is available, amount $2,320,000, 5.750% interest rate fixed for 3 years, interest only payments for first 9 months, 25 year amortization, due in 25 years. Short term Seller financing is also available as an alternative.

 

Contact:
Agent Eric C.
Cell: (949) 383-0813
eric@calcomadvisors.com

 

Property Location:
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Property Information

Property Type: 
Commercial
Price: 
$2,900,000.00
Location: 
492 Machi Rd.
Whitethorn, CA 95589
United States
40° 1' 25.4172" N, 124° 4' 5.5308" W
Property Listed By:
California Commercial Advisors

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