25433 South Avenue, Corning, CA 96021
25433 South Avenue, Corning, CA 96021
25433 South Avenue, Corning, CA 96021
25433 South Avenue, Corning, CA 96021
25433 South Avenue, Corning, CA 96021
25433 South Avenue, Corning, CA 96021
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$ 4,995,000
Est. payment | /mo

8.05 Acres Lot


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$ 4,995,000
Est. payment | /mo
Save

8.05 Acres Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26117144

HOA Y/N No

Year Built 1953

Annual Tax Amount $20,469

Tax Year 2025

Lot Size 8.050 Acres

Property Sub-Type Mixed Use

Property Description

Woodson Bridge RV Park is a 125-site community, located in Corning, Tehama County, CA and offered at $4,995,000. The Property consists of 110 long-term RV/MH sites, 14 transient RV sites, a 2-bed 2-bath site-built residence with 2-car garage, a convenience store, clubhouse, maintenance garage, and common area facilities including bathrooms, showers, and laundry. The community is income producing with pricing reflecting a 8.87% current cap rate. There is light value-add upside through convenience store income optimization as well as gradual rent and occupancy growth.

98 of the 110 long-term RV/MH sites are occupied at an average site rent of $612 per month, with all occupied homes owned by their residents. The 14 transient RV/MH sites generate supplemental income. The Property is HCD permitted for 134 total RV/MH sites (31 MH, 96 RV w/Drain, 7 RV w/o Drain), with 10 sites currently inactive. Additional income is generated from service fees for community facilities, maintenance, guest access, storage, and other ancillary charges. Income from the on-site convenience store is excluded from the financials, representing financial upside for a new owner. The store inventory and other personal property are excluded from the offering price and subject to negotiation. PG&E electricity is submetered and billed back to residents, residents obtain their own propane, and private well water, septic, and trash service are included in the rent.

The Property is currently managed by the owner, who resides on-site in an RV during the week with support from four staff members responsible for the convenience store, check-ins/reception, maintenance, and other day-to-day operations. The Current Budget assumes a transition to third party off-site management combined with a new on-site manager compensated at $60,000 per year plus free occupancy of the site-built residence.

Woodson Bridge RV Park is strategically positioned to capture both long-term housing demand and seasonal recreational tourism along the Sacramento River. The Property enjoys over 1,000 feet of river frontage, providing scenic views and a natural amenity base. Corning sits at the heart of one of California's primary olive and orchard agriculture regions, with steady workforce housing demand from the surrounding agricultural and food processing sectors.

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

Location

State CA

County Tehama

Area Pl01 - Tehama County

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Fishing, Park

Utilities Available Electricity Connected, Propane

Waterfront Description River Front

Total Parking Spaces 2

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 1

Sewer Shared Septic

Water Well

New Construction No

Others

Senior Community No

Tax ID 079220002000

Security Features Resident Manager

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Tim Ryan Avine Real Estate #02097345

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25433 South Avenue