10530 Walker Dr, Grass Valley, CA, 95945
About This Home
Introducing The Pines Senior Mobile Home Park, a premier 55+ community located in the charming town of Grass Valley, CA. This unique and lucrative 28-space property, spread over 2.86 acres, offers a rare opportunity to acquire, income-producing asset in a desirable and stable market. Consists of 28 total spaces, including 21 mobile home spaces and 7 homes; 83% Occupancy with reliable income stream. City Utilities, water, and trash are pass-through to tenants; P.G.&E. natural gas and electric are direct billed. Zoning R1-1.5 in a desirable location only 5 minutes to historic downtown Grass Valley, near major freeways and Nevada County transit routes and schools. Seller Financing Available. NOI: $198,113 Cap Rate: 7.2%, GRM: 10.30. With a stable tenant base and excellent market fundamentals, The Pines Senior Mobile Home Park represents a turnkey investment with strong cash flow. The combination of a 83% occupied, senior-only community and the availability of attractive seller financing make this property an exceptional choice for investors seeking dependable income and long-term appreciation. CNDA required.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Other
- Construction materials: Wood,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: 5 or More Units
Interior
Appliances
- Laundry features: Coin Operated,Common Area
Bedrooms & Bathrooms
- Bedrooms: 10
Features
- Flooring: Varies
Heating & Cooling
- Heating features: Varies by Unit
- Cooling features: Varies by Unit
Interior Area
- Total structure area: 0
Property
Details
- Zoning: R1-1.5
- Special condition: Standard
- Other equipment: Varies by Unit
Features
- Topography of land: Level,Level
Lot
- Lot size: 2.86 Acres
- Features: Private
Parking
- Total spaces: 30
- Parking features: Open,Garage,Uncovered,Varies by Unit
- Has garage: Yes
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Wildfire
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Nevada County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,905 | $166,860 |
| Home Insurance * | $1,236 | $14,832 |
| Property Taxes | $1,672 | $20,064 |
| Electricity | $398 | $4,786 |
| Total | $17,211 | $206,532 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-30 | Listed for sale | $2,750,000 |
| 2000-12-30 | Sold | $649,000 |
View on Zillow