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$6,000,000

18842 Cachagua Road

Carmel Valley, CA 93924

Active

1958

Year Built

Monterey

County

CommercialSale

Property Type

About this home

Excellent opportunity to own this carmel river front 46 unit mobile home park(state permit allows for 4 more units) with 5 additional homes on site and 1 Fire Station. 52 total units. Potential for 56. State permit for park allows for 50 mobile homes/RV's and currently the park has 46 mobile homes/rv's. There are 4 cabins all fully rented and a vacant Bar/Tavern with plans to convert to an ADU which should rent for an additional $2700 per month. Bar/Tavern exterior in great shape. Fire station is on a long term lease and is operated by Cachagua Fire Department. The park features a gated entrance, paved asphalt roads throughout park, security cameras, laundry room with 2 new washers and 2 new dryers, vending machine room(no vending machine included), solar lighting, a 40,000 gallon water storage facility and well with brand new well pump, well motor and new backup generator, 4 storage buildings, riverfront beach, volleyball court and BBQ area. Rent is due to be increased now by the new buyer. Priced at a 7.1% Cap Rate at current rents! This is truly a remarkable investment property with plenty of value add opportunities remaining to get to an 8%+ Cap!

Listed by Sean Griffin · DRE #01466508 · Agency One Real Estate

MLS #1156863368

ListedApr 6, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofOther

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingCentral Air

HeatingCentral, Electric, Fireplaces, Propane

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total80

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size11.29 ac

Lot FeaturesLevel

ViewN/A

DirectionsTake Carmel Valley Road. Property is approx 25 min from Village. Make a right on Cachagua Road drive approx 6 miles. Make a right onto Nason Road(Los Padres Dam entrance). Go over the bridge and make a right into the chain linked gates of Princes Camp.

Community

Area699 - Not Defined

School DistrictCarmel Unified

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$31,935/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 3:00 PM

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