Two-Bedroom Mobile
For Sale
$249,950
11-221 N El Camino Real, Oceanside, CA 92058
Well-maintained home with an open layout, indoor laundry, covered carport, and manageable outdoor areas.
Property Size900 SF
Price / SF$277.72
Days on Market46
Property Features for 11-221 N El Camino Real
General Information
Standard status
Active
Size
900 SF
Property subtype
Manufactured In Park
Amenities
indoor laundry
covered carport
Building Details
Year Built
1968
Listing Agency:
Harmony Communities
(209) 670-6264
Listed By:
BRUCE DAVIES · License #00479461
(209) 670-6264
Source:
Exprealty
Added: Jul 15
Changed: Aug 29
Last Checked: Aug 29 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harmony Communities
Investment Insights
Based on property information with market context.
This 1968 mobile home offers 900 square feet with two bedrooms, two bathrooms, and an open-concept arrangement connecting the living, dining, and kitchen areas. The kitchen includes cabinetry and workspace, while the primary bedroom is separated from the second bedroom and full bathroom. Indoor laundry, a covered carport, and low-maintenance outdoor areas add practical features for daily living.
The home is located in Oceanside Terrace at 11-221 N El Camino Real in Oceanside, California. Shopping, dining, beaches, and everyday amenities are described as nearby, placing the property within an established Oceanside setting.
The home is located in Oceanside Terrace at 11-221 N El Camino Real in Oceanside, California. Shopping, dining, beaches, and everyday amenities are described as nearby, placing the property within an established Oceanside setting.
Key Highlights
- 900‑square‑foot 1968 mobile home
- Two bedrooms and two bathrooms
- Open‑concept living, dining, and kitchen layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,760
$278.8K
Cap Rate 7%
$199,114
$199.1K
Cap Rate 9%
$154,867
$154.9K
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.0K $30.00/SF
− Vacancy
−$1.7K −$1.84/SF
EGI
$25.3K $28.16/SF
− OpEx
−$11.4K −$12.67/SF
NOI
$13.9K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,760
Cap Rate 7%
$199,114
Cap Rate 9%
$154,867
Alternative Uses
Best Use
Apartment 5plus
$199.1K
$174.2K – $232.3K
NOI $13,938 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 92058, CA
45,389
Population
15,443
Households
2.9
Avg Household Size
27
Median Age
26%
College-Educated
87%
High-School Grad
44.3 sq mi
ZIP Area
1,025
Density / Sq Mi
$72,479
Median Household Income
$31,347
Median Earnings
$2,583
Median Rent
$609,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Well-maintained home with an open layout, indoor laundry, covered carport, and manageable outdoor areas.
Where is this mobile home & rv park located?
The property is located at 11-221 N El Camino Real Oceanside, CA.
What is the asking price?
The asking price for this property is $249,950.
What are key features of this property?
This property features: 900‑square‑foot 1968 mobile home; Two bedrooms and two bathrooms; Open‑concept living, dining, and kitchen layout
