Mobile Home Park Residence with Slough
For Sale
$258,000
110-13725 Monte Bello, Castroville, CA 95012
Residence includes a bounce room, covered four-car carport, and two storage sheds.
Property Size1,400 SF
Price / SF$184.29
Days on Market46
Property Features for 110-13725 Monte Bello
General Information
Standard status
Active
Size
1,400 SF
Total Parking Spaces
4
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 2BR/2BA + bounce room
Multifamily Units
1
Amenities
fitness center
swimming pools and hot tub
clubhouse
parks and green spaces
waterfront recreation areas
game room
laundry facilities
gazebo
Listing Agency:
eXp Realty of Northern California, Inc.
(831) 818-4196
Listed By:
Rudy Zamora II
(831) 818-4196
Source:
Exprealty
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 2:17PM
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 eXp Realty of Northern California, Inc.
Investment Insights
Based on property information with market context.
This mobile home park residence features two bedrooms, two bathrooms, a bounce room, a walk-in closet, and an oversized lot. The property also includes a landscaped yard, abundant parking, a gazebo, two storage sheds, and a covered 4-car carport. Slough views and a private setting add to the home’s outdoor appeal.
Residents of Monte Del Lago Park have access to a fitness center, swimming pools, a hot tub, clubhouse, parks, green spaces, waterfront recreation areas, game room, and laundry facilities. The home is identified as 13725 Monte Bello within Monte Del Lago Estates.
Residents of Monte Del Lago Park have access to a fitness center, swimming pools, a hot tub, clubhouse, parks, green spaces, waterfront recreation areas, game room, and laundry facilities. The home is identified as 13725 Monte Bello within Monte Del Lago Estates.
Key Highlights
- Slough views with a private setting
- Two‑bedroom, two‑bathroom home with a bounce room
- Covered 4‑car carport plus abundant parking
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
$22,523
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
8.73%
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%
$450,460
$450.5K
Cap Rate 7%
$321,757
$321.8K
Cap Rate 9%
$250,256
$250.3K
Market Conditions
NOI Build-Up for 1,400 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
$42.0K $30.00/SF
− Vacancy
−$1.1K −$0.75/SF
EGI
$41.0K $29.25/SF
− OpEx
−$18.4K −$13.16/SF
NOI
$22.5K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
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%
$450,460
Cap Rate 7%
$321,757
Cap Rate 9%
$250,256
Alternative Uses
Best Use
Apartment 5plus
$321.8K
$281.5K – $375.4K
NOI $22,523 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$534.6K
$467.7K – $623.7K
NOI $37,419 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 95012, CA
11,858
Population
2,652
Households
4.5
Avg Household Size
30
Median Age
8%
College-Educated
48%
High-School Grad
12.9 sq mi
ZIP Area
919
Density / Sq Mi
$79,903
Median Household Income
$31,250
Median Earnings
$1,499
Median Rent
$629,600
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 - Residence includes a bounce room, covered four-car carport, and two storage sheds.
Where is this mobile home & rv park located?
The property is located at 110-13725 Monte Bello Castroville, CA.
What is the asking price?
The asking price for this property is $258,000.
What are key features of this property?
This property features: Slough views with a private setting; Two‑bedroom, two‑bathroom home with a bounce room; Covered 4‑car carport plus abundant parking
