All-Age Mobile Home in Family
For Sale
$184,900
Pending
113-2140 Mentone Blvd, Mentone, CA 92359
Well-maintained all-age community home with updated wood flooring, refreshed kitchen counters, new water heater, and a large private yard.
Property Size1,157 SF
Days on Market104
Property Features for 113-2140 Mentone Blvd
General Information
Standard status
Pending
Size
1,157 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
swimming pool
clubhouse
playground
basketball court
billiards room
laundry facilities
RV/boat storage
Listing Agency:
KELLER WILLIAMS REALTY
(909) 793-2100
Listed By:
Amber Keith · License #01983652
(909) 213-7703
Source:
Exprealty
Added: May 27
Changed: Aug 8
Last Checked: Jul 29 at 8:59PM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
Friendly Hills Mobile Estates presents this well-maintained all-age home with updated wood flooring, refreshed kitchen counters, and a new water heater. The layout includes functional living space and thoughtful updates throughout, plus outdoor living on a large private yard with mature fruit trees.
Residents enjoy access to community amenities including a swimming pool, clubhouse, playground, basketball court, billiards room, laundry facilities, and RV/boat storage. The property is located in Mentone with convenient proximity to shopping, restaurants, schools, and easy freeway access, and it is close to Redlands and outdoor recreation.
Residents enjoy access to community amenities including a swimming pool, clubhouse, playground, basketball court, billiards room, laundry facilities, and RV/boat storage. The property is located in Mentone with convenient proximity to shopping, restaurants, schools, and easy freeway access, and it is close to Redlands and outdoor recreation.
Key Highlights
- All‑age home in Friendly Hills Mobile Estates in Mentone
- Updated wood flooring and refreshed kitchen counters
- New water heater
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
$10,243
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
5.54%
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%
$204,860
$204.9K
Cap Rate 7%
$146,329
$146.3K
Cap Rate 9%
$113,811
$113.8K
Market Conditions
NOI Build-Up for 1,157 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
$19.9K $17.16/SF
− Vacancy
−$1.2K −$1.06/SF
EGI
$18.6K $16.10/SF
− OpEx
−$8.4K −$7.24/SF
NOI
$10.2K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /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%
$204,860
Cap Rate 7%
$146,329
Cap Rate 9%
$113,811
Alternative Uses
Best Use
Apartment 5plus
$146.3K
$128.0K – $170.7K
NOI $10,243 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$244.1K
$213.6K – $284.7K
NOI $17,084 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 92359, CA
8,900
Population
3,483
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
464
Density / Sq Mi
$74,408
Median Household Income
$43,251
Median Earnings
$1,270
Median Rent
$411,100
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 all-age community home with updated wood flooring, refreshed kitchen counters, new water heater, and a large private yard.
Where is this mobile home & rv park located?
The property is located at 113-2140 Mentone Blvd Mentone, CA.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: All‑age home in Friendly Hills Mobile Estates in Mentone; Updated wood flooring and refreshed kitchen counters; New water heater
