24850 5th Avenue Los Molinos, CA 96055

$1,300,000 Closed

About the Property

Please Note: This property has been SOLD

Antelope Creek MHP is a 54-site, all-age community in Los Molinos, CA being offered for $1,575,000 ($29,167 per site). The community consists of three separate parcels totaling over 12 acres. 32 sites are occupied by long term residents with tenant-owned homes. Antelope Creek MHP benefits from directly billed electric and propane utilities for each site. Waste treatment is handled by a private septic system and water is provided by a private well. Only approximately 20% of the current residents are billed a flat rate for trash and septic, presenting the opportunity for the new owner to expand utility recapture. Antelope Creek MHP’s street coverings are a combination of asphalt and gravel and there is a shared community laundry room. The property also enjoys a scenic riverfront location and several acres of excess land that are used for community recreation space and RV storage. Antelope Creek MHP is just a 10-minute drive from schools, services, groceries, and dining in the town of Los Molinos. It is also less than a 20-minute drive from Red Bluff, CA which offers major services and employment. Antelope Creek MHP is within a 45-minute drive of Chico, CA and Redding, CA for employment, entertainment, hospitals, education, and a regional airport. Reach out directly to receive the offering memorandum. Please do not visit, drive through, call, or disturb the property without prior approval from the listing broker.

Property Information

Size 1,000 SqFt
Price/SqFt $1,300
Lot Size 12.39 Acres
Year Built 1964
Property Type Residential Income
Listing Number OC25171591
Listed 8/26/2025
Modified 12/15/2025
Listing Agent Tim Ryan
Listing Office Avine Real Estate
Total Building 54
Total Units 54

Property Features

# Electric Meters
  • 54
# Units Leased
  • 32
Cap Rate
  • 11.59
Garage Spaces
  • 0.00
Gross Income
  • 362520.00
Gross Operating Income
  • 362520.00
Gross Scheduled Income
  • 426494.00
Net Operating Income
  • 182595.00
Operating Expense
  • 179925.00
Pool
  • None
Price Pe rUnit
  • 29167
Sewer
  • Private Sewer
StoriesTotal
  • 1
Total Actual Rent
  • 394933.00
Total Expenses
  • 179925.00
Views
  • River
Water Source
  • Private
Community Features
  • Fishing
  • Hiking
  • Lake
Utilities
  • Electricity Available
  • Propane
  • Sewer Connected
  • Water Connected
Tenant Pays
  • Electricity
  • Gas
  • Other
  • Sewer
  • Trash Collection