Property Detail

Description

Banner Ranch is a 70.36-acre mixed-use property offered at $2,499,000, located in Julian, CA. The Property consists of 17 HCD-permitted manufactured home sites, 11 primitive campground sites, two covered wagon short-term rentals, one saloon and store building with beer sales license, one three-bed, one-bath ranch house, one leased cell tower, and common area facilities including bathrooms, showers, and laundry. The offering presents a compelling value-add opportunity driven by campground optimization, saloon and store repositioning, and expense reduction. The 17 manufactured home sites are 100% occupied and include a mix of park-owned and tenant-owned homes. 11 of the 13 park-owned homes are leased long-term at an average of $1,390 per month, with the remaining two operated as short-term rentals. The four tenant-owned home sites carry an average space rent of $950 per month. Water, septic, and trash are included in rent, with electric submetered and billed back to tenants. The park-owned homes predominantly tiny home/park models are included in the sale. The property is served by a private well and septic system, both recently repaired. Since acquiring Banner Ranch in 2020, the owner has invested approximately $1,000,000 into the property. Improvements include critical upgrades and repairs to the water and septic systems, repairs and remodeling of the store/saloon building and site-built house, purchase and installation of 13 tiny home park models, 2 covered wagons and 8 storage sheds, and general cleanup and repairs throughout the property. The property is operated by a