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Montéle Graves

montele@montelegraves.com +1(619) 496-7003

$ 1,200,000

Est. payment -/mo

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1080 Pearson Road Paradise, CA 95969

2.97 Acres Lot

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Key Details

Property Type Manufactured Home

Sub Type Manufactured On Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25172215

HOA Y/N No

Year Built 2023

Annual Tax Amount $6,448

Tax Year 2024

Lot Size 2.970 Acres

Property Sub-Type Manufactured On Land

Property Description

Forest Glen MHP is a 24-site, age-restricted mobile home park located in the heart of Paradise, Butte County. The community is currently 83.3% occupied, with a unit mix consisting of 19 tenant-owned RVs, 1 community-owned mobile home designated as the office and manager's quarters, and 4 sites. The park is fully permitted by HCD for 24 mobile home sites, offering the opportunity to convert existing RV's to manufactured homes for enhanced stability and upside. This turnkey asset features new utility infrastructure and is professionally managed by an on-site manager, providing operational efficiency. The community operates on municipal water and private septic system (partial replacement), while PG&E supplies direct-billed electric and gas to tenants. Currently, ownership covers water, private septic/sewer, and trash expenses; however, there is a clear path to implement a utility bill-back system. Importantly, there is no rent control in Paradise, and current rents are below market, creating rent growth potential for a new investor. There is a ±0.32-acre adjacent parcel available for sale at $40,000 with Paradise Irrigation District water & septic available, presenting an opportunity for expansion. Strategically located at 1080 Pearson Rd, Forest Glen MHP enjoys proximity to both everyday essentials and regional attractions. Downtown Paradise and local retailers are just minutes away, with the fire station located directly across the street. The surrounding region offers abundant outdoor recreation, including hiking, fishing, and boating at nearby Lake Oroville and Feather River. Chico is a 25-minute drive northwest, providing access to a major university, healthcare centers, and a broader employment base. The community's location strikes an ideal balance between small-town living and accessibility to urban amenities, enhancing its long-term desirability for residents and stability for investors.

Location

State CA

County Butte

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Mountainous

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Private Sewer

Water Public

New Construction No

Others

Senior Community Yes

Tax ID 054151060000

Acceptable Financing Cash, Conventional, Owner Will Carry, Owner May Carry

Listing Terms Cash, Conventional, Owner Will Carry, Owner May Carry

Special Listing Condition Standard

Listed by Timothy Ryan Avine Real Estate 310-862-6103

Montéle Graves

Agent | License ID: 2073681

+1(619) 496-7003

Montéle Graves

1080 Pearson Road Paradise, CA 95969

Key Details

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Interior

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1080 Pearson Road