Willowest Marina
Willowest Marina sits on approximately 4 acres of waterfront land directly adjacent to Bethel Harbor in Bethel Island, California — the heart of the California Delta's boating and recreation community. The offering includes 25 covered boat slips split across three vessel-size classes (40', 46', and 50'), a 3-bedroom residence, and a detached garage, all under single ownership. The property has historically been operated by an absentee owner, and benefits from a long-tenured, stable slip tenant base — many tenants have held their slips for more than 10 years with a consistent history of on-time rent payment. Each slip carries its own separate electrical meter, with tenants responsible for their individual usage, simplifying ownership and reducing common-area utility exposure.
Highlights:
• Rare waterfront find — a large-boat, covered harbor-marina asset directly adjacent to Bethel Harbor; first-time offering.
• Estate sale priced well below appraised value, creating an unusual basis for a Delta waterfront asset of this scale.
• 25 covered slips across three size classes (40', 46', 50') accommodate a range of vessel sizes and tenant demand.
• Diversified in-place income: boat slips, 3-bedroom residence, and garage rental, each metered/managed separately.
• Long-tenured, stable tenant base — many slip tenants of 10+ years with strong pay history — reduces lease-up risk for a new owner.
- Property type
- Specialty
- Building size
- 28,379 SF GBA
- Lot size
- 4 acres
- Year built
- 1995
- Zoning
- Waterfront / Marnia use / Boat Storage
- Cap rate
- 7.35%
- NOI
- $117,620