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Residential Income for sale : 1 bedrooms : 330 Palm Canyon Dr in Borrego Springs

330 Palm Canyon Dr Borrego Springs

Main Photo: Residential Income for sale : 1 bedrooms : 330 Palm Canyon Dr in Borrego Springs
$1,350,000
Prop. Type:
Residential Income
MLS® Num:
306711975
Status:
Active
Bedrooms:
1
Santa Fe Palms MHP is a 27-site manufactured home community located in Borrego Springs, California within San Diego County's northeastern desert. The Property is offered at $1,350,000 and seller financing is offered for qualified buyers with 25% down payment, 5 year term, and 8% interest-only rate. The Property consists of 27 HCD-permitted manufactured home sites, 12 of which are leased. 10 of the leased sites have stylish, tenant owned homes with Santa Fe Style design, paying average monthly space rent of $444. The other two occupied sites have park owned homes which are rented for $1,500 per month, less a $510 credit for the managers unit. The 15 vacant sites have utilities present and varying degrees of lot preparation, presenting an in-fill opportunity for the incoming owner. Evidencing demand in this location, there are two manufactured home parks located within 1,000 feet of Santa Fe Palms which are currently 99% and 94% occupied with average rents of $600 per month and $735 per month, respectively. The Property has a professional third-party off-site management company, with day-to-day support from a resident manager who lives in one of the park owned homes and receives a partial rent credit. The Property is served by public water and sewer and electricity and gas are billed direct to the residents by SDG&E. Community amenities include a clubhouse and swimming pool, enhancing the Property's appeal to prospective residents. Surrounded by Anza-Borrego Desert State Park, the largest state park in California, and recognized as the state's first International Dark Sky Com
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Name of Complex/Subdivision:
BORREGO SPRINGS
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
1
Bathrooms:
0
Half Bathrooms:
0
Total Stories:
1
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Mello Roos Fee Frequency:
Year
Monthly Total Fees:
$138
Terms:
Cash, Conventional, Seller May Carry
Gross scheduled income:
155084.0
Operating expense:
70543.0
Number of Units:
27
Tenant pays:
Sewer, Trash, Water, Cable TV, Electricity, Gas/Propane
Unit Number for Unit 1:
1
Palm Canyon Drive 0.5 mi west of town
Lot Size:
Switch units of measure3.22 acre(s)
Parcel Number:
1413843700
Pool Features:
Community/Common
Zoning:
Public Rec
Listed by Avine Real Estate
Data was last updated June 9, 2026 at 01:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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