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Yucca Valley, CA 92284,55408 Twentynine Palms HWY
Yucca Valley, CA 92284,55408 Twentynine Palms HWY
Yucca Valley, CA 92284,55408 Twentynine Palms HWY
$1,065,000
Est. payment /mo
$1,065,000
Est.Price: ?

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1.28 Acres Lot
SOLD DATE : 10/03/2023

Key Details

Sold Price $1,065,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Not In A Development

MLS Listing ID V1-18506

Year Built 1998

Lot Size 1.280 Acres

Property Description

Little Pioneertown RV, strategically located on 29 Palms Hwy en route to Joshua Tree National Park, is the only approved RV Park in Yucca Valley and provides the exclusive opportunity to service an ever increasing flow of RV'ers traveling to Joshua TreeNational Park. This RV Park boasts 17 full-service and generous RV spaces, each with an individual BBQ, picnic table, and shady pine trees. This Park is serviced by City sewer. The common area has services that include laundry, propane grill island, guest restrooms, and showers. In addition to the spacious park office, there is a 700 s.f., 1/1 apartment to serve as either a manager's or owner's quarters. The clubhouse is currently configured as a manager's 3-bedroom apartment. Little Pioneertown RV is the ideal investment for a retiree or owner operator wanting to take over a clean, income producing asset with tremendous upside. An owner-operator would be able to live on site, not having to pay rent elsewhere and not having to pay for management, This could represent a savings in the neighborhood of $45,000 / year with a savings of $20,000 for management and another savings of $25,000 by not having to pay for a rental elsewhere. The park is presently fully occupied, with a majority of the spaces rented to long-term tenants. Although this configuration ensures a stable and dependable income stream, there is the distinct potential for a substantial increase in income by reverting the business model's focus back to short-term rentals.There is also an exciting opportunity to place park models and rent them out as short-term vacation rentals aka 'glamping'! This business model is very successful in similar areas which are close to national parks because of the built-in area attraction.Please call listing agent about the potential for expansion as there may be additional vacant parcels available for purchase that are adjacent to Little Pioneertown RV. The City is open to reviewing plans which include adding on to the existing parkPro forma gross income: $223,000Pro forma net income: $114,874Pro forma revenue is based on nightly rentals of $60 and a 60% occupancy rate.Please see Offering memorandum under Documents tab.Please contact broker prior to visiting property.

Location

State CA

County San Bernardino

Building/Complex Name Little Pioneertown RV

Zoning Commercial

Interior

Heating None

Cooling None

Fireplaces Type None

Exterior

Exterior Feature Barbecue

Parking Features Driveway Level, Off Street

Fence Block

Pool None

Community Features Biking, Hiking

View Y/N Yes

View Mountain(s)

Building

Lot Description 11-15 Units/Acre, Landscaped, Level, Sprinklers None, Street Level

Story 1

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jorge DeLeon • Century 21 Everest
Bought with Jorge DeLeon • Century 21 Everest
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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