- Property Subtype:
- 3+ Houses on Lot
- Bedrooms:
- 6
- Full Bathrooms:
- 6
- Acres:
- ~ 0.47
- Approximate Square Footage:
- 1,764
- Lot Square Footage:
- 20,473
- Stories:
- 1
- Year Built:
- 1949
$1,150,000
420 CLEVELAND Avenue Sacramento, 95833
6 Beds | 6 Full Baths | 1,764 SqFt | 0.5 Acres
Rare Value-Add Investment Opportunity! Welcome to a permitted and licensed mobile home and RV park offering 13 income-producing tenants (2 cottages, 7 RV lots, and a fourplex of studios), plus two houses and a studio fourplex on site. Tenant-owned RVs and mobile homes are permanently placed and fully connected to water, sewer, and electricity, creating a low-maintenance ownership model where the owner primarily maintains structures and utility connections. Major improvements include full paving and new roofs in 2019. Updated studio units with laminate flooring and granite top kitchen cabinets. Currently generating over $10,000/month with one vacancy, the property produces $127,000+ in annual gross income with vacancy under 1% in a stable, close-knit community. This rare hybrid asset offers diversified income, strong cash flow, and upside potential, supporting an attractive cap rate (8%) and Gross Rent Multiplier (9GRM) on purchase price. High-yield, low-maintenance, unique asset class bring your offer!
- County:
- Sacramento
- HOA Dues:
- $0
- Zoning:
- R-1
- Construction:
- Wood
- Foundation:
- Raised
- Roof Description:
- Shingle
- Site Description:
- Private
- Style Description:
- Ranch
- Elementary School District:
- Twin Rivers Unified
- Middle School District:
- Twin Rivers Unified
- High School District:
- Twin Rivers Unified
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Listings marked with V* indicate the seller is willing to entertain offers within a Listing Price range. For example, a Price of $140,000-$170,000 indicates the seller will entertain offers from $140,000 to $170,000.
Listing information last updated on January 26, 2026, 12:30 am PDT