Santa Rosa, CA 95403,5250 Whispering Creek Drive
Santa Rosa, CA 95403,5250 Whispering Creek Drive
Santa Rosa, CA 95403,5250 Whispering Creek Drive
52
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$5,825,000
Est. payment /mo
7.71 Acres Lot
New

5250 Whispering Creek Drive Santa Rosa, CA 95403

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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 OC26005693

HOA Y/N No

Year Built 1969

Annual Tax Amount $61,896

Tax Year 2024

Lot Size 7.710 Acres

Property Sub-Type Manufactured On Land

Property Description

Stonegate Mobile Home Park is a 70-site, all-age manufactured housing community located in Sonoma County, CA, the heart of Northern California's wine country. Stabilized at 100% occupancy, this 4.0-star community is permitted by HCD for 70 sites consisting of 68 mobile home sites and 2 RV sites. Buyers have the option to assume the existing agency loan with a fixed interest rate of 4.66%. There are 66 tenant-owned mobile homes, 2 stick-built single-family residences, 1 tenant-owned park model, and 1 park-owned mobile home serving as the onsite manager's unit. The 1 park-owned mobile home is included in the sale, representing a value of approximately $150,000. The average mobile home rent of $590 is approximately 32% below market, offering upside subject to local rent control ordinance guidelines. The community has a large clubhouse with a full kitchen, in addition to a spacious laundry room.
The sellers are actively completing the conversion to city water, which is currently underway and anticipated to be completed within the next few months. Feasibility for city sewer connection has been confirmed, with potential grant funding sources to be explored by the buyer. Additionally, Stonegate MHP is enrolled in PG&E's utility conversion program to individually meter gas and the remaining seven electric sub-meters to direct bill, which is expected to further reduce operational expenses. Buyers have the option to assume the existing agency loan. Stonegate is a stable high-quality community with recent capital improvements including new asphalt and upgrades to the electrical systems for common areas.
Strategically located in Santa Rosa, the largest city in Sonoma County with a population of over 175,000, the park benefits from proximity to major employers including Kaiser Permanente, Sutter Health, Keysight Technologies, and Santa Rosa Junior College, and is just minutes from the Charles M. Schulz– Sonoma County Airport. Anchored by strong healthcare, education, advanced manufacturing, and wine tourism sectors, the local economy supports sustained demand for affordable housing. With below-market rents, a valuable park-owned home, and infrastructure upgrades in progress. Stonegate MHP presents investors with a rare opportunity to acquire a stabilized high-quality asset in a primary Sonoma County market.

Please do not visit, drive through, call, or disturb the property without prior approval from the listing broker.

Location

State CA

County Sonoma

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Curbs

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Private Sewer

Water Well

New Construction No

Others

Senior Community No

Tax ID 059230060000

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac

Special Listing Condition Standard

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Listed by Tim Ryan Avine Real Estate tim@avinerealestate.com

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Jeanne Heidmiller

Jeanne Heidmiller

Agent | License ID: 01290567

+1(619) 857-9765

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5250 Whispering Creek Drive