96021 Homes with Mixed Use Subtype

96021 Homes with Mixed Use Subtype

Welcome to the charming community of Corning, California, nestled in Tehama County and proudly bearing the 96021 zip code. Known for its warm-hearted residents and picturesque landscapes, Corning is a hidden gem in Northern California, offering a unique blend of small-town charm and modern amenities.

One of the standout features of this area is the availability of homes with a mixed-use subtype. These properties provide a fantastic opportunity for those looking to blend their residential lifestyle with entrepreneurial aspirations. Imagine living just steps away from your own business, whether it's a quaint café, a boutique shop, or an art studio. This versatility not only maximizes convenience but also fosters a vibrant community atmosphere where neighbors become friends and local businesses thrive.

Corning is also renowned for its rich agricultural heritage, with vineyards and olive orchards dotting the landscape. Residents enjoy access to fresh produce and local wines, enhancing the quality of life. The city is also home to a variety of parks and recreational facilities, perfect for families and outdoor enthusiasts alike.

With a strong sense of community, a growing economy, and an array of mixed-use properties, 96021 is an ideal zip code for those seeking a balanced lifestyle. Whether you're looking to start a new venture or simply enjoy the tranquility of small-town living, Corning invites you to explore its unique offerings and discover your next home sweet home.

Newest 96021 Homes with Mixed Use Subtype

$4,799,000
OC26117144 MLS Active Status
Seller is not considering offers based on seller financing. Do not visit the property without scheduling with the listing agent. Woodson Bridge RV Park is a 125-site community, located in Corning, Tehama County, CA and offered at $4,799,000. 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 currently self-managed by the owner, and generated approximately $650,000 of net operating income in the trailing twelve months. The financial underwriting assumes an increased operating expense load, and reduced income from the convenience store, resulting in current budget net operating income of $482,230. Even at this conservatively underwritten income level, the pricing equates to a 10.05% cap rate. 98 of the 110 long-term RV/MH sites are occupied at an average space 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. 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 visits the property weekly and receives support from four staff members responsible for the convenience store, check-ins/reception, maintenance, and other daytoday operations. Currently most repairs and maintenance tasks are handled by staff, rather than outside contractors. The Current Budget assumes a transition to third-party off-site management to reduce operational burden of new owner as well as a 100% increase in repairs and maintenance costs. 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 that supports both resident retention and daily RV demand.

25433 South Avenue, Corning

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.