Evergreen RV Park

Property Description:

Located in Oxnard, California just off the 101 Freeway, at the intersection of the HWY 1 And Vineyard Avenue is Evergreen RV Park. This 94-space RV Park occupies approximately 4.6 acres in a dense commercial area. The park is within walking distance to major hotels, shopping centers, business parks, and restaurants. The park is also located 3 miles away from the beach! Oxnard, California is the largest city within Ventura County in terms of population, which in 2017 was 207,906 people. The city rests on the western edge of the Oxnard Plain and is a major agricultural center in Southern CA. Major transportation hubs reside in the city, including Amtrak, Union Pacific, Metrolink, and Greyhound. Evergreen RV Park has a historically high occupancy rate, with little advertising done by the current owner. The park has 92 RV Spaces that are mostly occupied by extended-stay guests and also features 2 mobile homes. The RV Park spaces are not under rent control and are currently $70/day, $385/weekly, and $1,050 monthly. The 2 mobile homes are under local rent control ordinances. Municipal Water and Sewer are included in the space rent, along with trash. Electric is individually sub-metered and billed back to the long-term residents (1st thru 4th Street). All the RV sites are full hook up 50/30/20 amp with new wiring, transformers, substations and pedestals that were installed in 2011. RV Spaces on 1st thru 4th Street all have 50 amp power, while the 5th Street spaces have 30 amp power. The recent upgrades include: new asphalt streets (2019), installation of state of the art vertically opening Security Gate (RFID), connection to the City Water System and office building remodel. The park features two grills with a fire pit nearby, dog run, recreation room, laundry room, and well-maintained bathrooms, Cable TV & WiFi. The park is in great condition with an upside in the rental rates that are below current market comparables. Due to the location of the park, the occupancy will remain high and with the recent upgrades from the current ownership.