18842 Cachagua Rd

Carmel Valley, CA 93924

$6,000,000
Price
—
Beds
—
Baths
25,000 Sq. Ft.
$240 / Sq. Ft.
25,000
Sq. Ft.
$240
per Sq. Ft.
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a view of entryway with a yard
a view of backyard with deck and outdoor space
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a view of a house with a yard and a large tree
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Description

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...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!
  1. Listed by Sean Griffin • DRE #01466508 • Brokerage DRE #02014153 • Agency One Real Estate • 831-262-1955

Property Details for 18842 Cachagua Road

MLS City Name
CARMEL VALLEY
Building Type
Other
Complex Name
Princes Camp Mobile Home Park
Garage Spaces
0
Parking Spaces
80
View
Forest / Woods, Garden / Greenbelt, Mountains, River / Stream
LISTING UPDATED: 04/11/2026 02:19 PM

Property Details for 18842 Cachagua Road

StatusActive
MLS #ML82041267
Days on Compass15
Taxes$60,000 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size11.29 AC / 491,618 SF
CountyMonterey County
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Location

Listing Courtesy of Agency One Real Estate, Sean Griffin, DRE #01466508
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Building Information for 18842 Cachagua Road

Stories-Residences-Year Built1958Building Size-Lot Size11.29 AC / 491,618 SF

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$35,213 per month

30 year fixed, 6.46% Interest

Principal and Interest

$30,213

Property Taxes

$5,000

HOA Dues

$0

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Property Information for 18842 Cachagua Road

Features
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 25000
  • Pool: No
  • Security Features: Fire System - Suppression, Security Fence
  • Special Features: Parking
Utilities
  • Cooling: Ceiling Fan, Central AC
  • Heating: Central Forced Air, Electric, Fireplace, Propane
  • Meters: Separate Common Area, Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Existing Septic, Septic Standard
  • Utilities: Individual Electric Meters, Individual Gas Meters, Propane On Site
  • Water: Well
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Common Parking Area, Guest / Visitor Parking, Off-Street Parking, Room for Oversized Vehicle, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: BBQ Area, Beach Rights, Community Security Gate, Game Court (Outdoor), Garden / Greenbelt / Trails
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 56
  • Area Text: Upper Valley, Cachagua
  • Restrictions: Age - No Restrictions, Guest Restrictions, Pets - Allowed
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 18842
  • Street Name: Cachagua
  • Street Suffix: Road
  • Area ID: 172
Lot / Property Details
Building Information
  • Number of Buildings: 52
  • Structure SqFt: 25000
  • Structure SqFt Source: Other
  • Age: 68
Development Information
  • Zoning Detail: MDR/5
Location Information
  • City Limits: No
  • Directions: Take 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.
  • Incorporated: No
  • Parcel Number: 418-261-046-000
  • County Name: Monterey
  • City Name: CARMEL VALLEY
  • City Postal ID: 10
  • Postal Code: 93924
  • Elementary School District: 432
  • High School District Text: Carmel Unified
Lot Information
  • Foundation: Concrete Slab, Post and Pier, Other
  • Lot Acres: 11.29
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 51
General Information
  • Annual Tax Amount: $60,000
  • Capitalization Rate: 7.10
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Land, Laundry, Rents, Other
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $22,901
  • Expense Landscape: $4,000
  • Expense Maintenance: $15,500
  • Expense Management: $28,677
  • Expense Trash: $0
  • Expenses Other: $3,009
  • Expenses Utility: $19,327
  • Expenses Total: $153,414
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - On-Site Manager, Utilities
  • Gross Rent Multiplier: 10.25
  • Income Annual Gross: $579,698
  • Income Annual Rental: $573,554
  • Income Gross Scheduled: $585,554
  • Income Other: $12,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $650
Unit 2 Information
  • Unit 2 Approx Square Footage: 700
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $501
Unit 3 Information
  • Unit 3 Approx Square Footage: 300
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $840
Unit 4 Information
  • Unit 4 Approx Square Footage: 1740
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,500
Unit 5 Information
  • Unit5 Full Baths: 0
  • Unit5 Half Baths: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 1000

Property History for 18842 Cachagua Road

DateEvent & SourcePriceAppreciation
Apr 11, 2026

Price Change

EBRD #ML82041267

$6,000,000—
Apr 11, 2026

Price Change

MLSListings #ML82041267

$6,000,000—
Apr 10, 2026

Price Change

EBRD #ML82041267

$6,750,000—
DateEvent & SourcePrice
04/11/2026

Price Change

EBRD #ML82041267

$6,000,000
04/11/2026

Price Change

MLSListings #ML82041267

$6,000,000
04/10/2026

Price Change

EBRD #ML82041267

$6,750,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18842 Cachagua Road

Taxable ValueLand$640,583Additions$345,913Total$986,496
Tax Record2025$18,084 ($1,507 / month)
Home Facts
Lot Size493,901 SqFtStyleMobile Home ParksCountyMONTEREYAPN418-261-046-000

Schools near 18842 Cachagua Road

This home is within Carmel Unified School District.
Rating
School
Type
Grades
Distance
Tularcitos Elementary School
Public - K to 5
Carmel Middle School
Public - 6 to 8
Carmel High School
Public - 9 to 12
Carmel Valley High School
Public - 9 to 12
Rating
School
Distance
Tularcitos Elementary School
PublicK to 5

Carmel Middle School
Public6 to 8

Carmel High School
Public9 to 12

Carmel Valley High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 18842 Cachagua Road, Carmel Valley, CA 93924

18842 Cachagua Road is for sale in Carmel Valley, CA 93924. This property was listed for sale on April 6, 2026 by Agency One Real Estate, it's currently listed at $6,000,000. This listing's school district is Carmel Unified School District. Nearby schools include Tularcitos Elementary School, Carmel Middle School and Carmel High School. 18842 Cachagua Road is a 0-bed, 0-bath, 25,000 sqft built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Agency One Real Estate, Sean Griffin, DRE #01466508

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.