1527 Newport Boulevard, Costa Mesa, CA
Mobile Home Park for Sale - $6,250,000 - 1.9 acres

Property Info
| CIMLS# | 277810 |
| Location 1527 Newport Boulevard Costa Mesa CA 92627 | |
| Updated | December 15th, 2011 |
| Type | Mobile Home Park |
| Price | $6,250,000 |
| Land | 1.9 acres |
Property Description
Great location a few blocks from the beach and Hoag Hospital. Also, on the border of Newport Beach, CA. Sleepy beach cottage atmosphere. Currently cash flows positive, but huge upside is available as we have just cleared out older park owned homes and have begun moving in new units. This will cause NOI per month to go up to 70,000 and possibly more. Expenses extremely low at around $3000 per month.
Financials
Cash flow positive. Currently $25,000/mo. NOI. Have cleared 11 spaces for new park units that rent for $1200. NOI moving towards 70,000 /mo. when most units have converted t new untits.
