1080 Pearson Road, Paradise, CA 95969

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$1,200,000

Est. payment - /mo

1 Bed

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25172215

Bedrooms 1

Property Sub-Type Res Income 2-4 Units

Property Description

Forest Glen MHP is a 24-site, age-restricted mobile home park located in the heart of Paradise, Butte County with attractive seller financing available. 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 managers quarters, and 4 sites. The park is fully permitted by HCD for 24 mobile home sites, offering the opportunity to convert existing RVs 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 boatin

Location

State CA

County Butte

Zoning Seller

Direction On the left after Newland Road turns into Pearson Road.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Restrictions Other/Remarks

Tax ID 054151060000

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Listed by Timothy Ryan Avine Real Estate

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

1080 Pearson Road Paradise, CA 95969

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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