2-Bedroom Mobile Home with
For Sale
$349,000
117-11401 Topanga Canyon Boulevard, Chatsworth, CA 91311
A 2-bedroom, 2-bath mobile home with a den, spacious kitchen, and a covered carport for parking.
Property Size1,176 SF
Price / SF$296.77
Days on Market63
Property Features for 117-11401 Topanga Canyon Boulevard
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Manufactured In Park
Listing Agency:
Advantage Homes
(408) 363-9300
Listed By:
Todd Su · License #01355922
(408) 316-9854
Source:
Exprealty
Added: Jul 13
Changed: Sep 12
Last Checked: Sep 12 at 4:28PM
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 Advantage Homes
Investment Insights
Based on property information with market context.
This mobile home offers 2 bedrooms and 2 bathrooms, along with a versatile den that can serve as a home office, hobby room, or guest space. The kitchen is equipped for everyday living and entertaining, featuring a center island and major appliances included. A ceiling fan supports comfort in the living area, and the layout is designed to provide comfortable, functional space throughout.
The property includes covered parking via a carport. Per the seller and/or public sources, information including square footage is considered reliable but has not been independently verified; prospective buyers are encouraged to verify details to their satisfaction prior to purchase.
The property includes covered parking via a carport. Per the seller and/or public sources, information including square footage is considered reliable but has not been independently verified; prospective buyers are encouraged to verify details to their satisfaction prior to purchase.
Key Highlights
- 2‑bedroom, 2‑bath mobile home with a versatile den for a home office, hobby room, or guest space
- Spacious kitchen with a center island and major kitchen appliances included
- Functional living area with a ceiling fan
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
$18,923
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
5.42%
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%
$378,460
$378.5K
Cap Rate 7%
$270,329
$270.3K
Cap Rate 9%
$210,256
$210.3K
Market Conditions
NOI Build-Up for 1,176 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
$37.4K $31.80/SF
− Vacancy
−$3.0K −$2.54/SF
EGI
$34.4K $29.26/SF
− OpEx
−$15.5K −$13.17/SF
NOI
$18.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /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%
$378,460
Cap Rate 7%
$270,329
Cap Rate 9%
$210,256
Alternative Uses
Best Use
Apartment 5plus
$270.3K
$236.5K – $315.4K
NOI $18,923 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.6K
$550.9K – $734.6K
NOI $44,074 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 91311, CA
39,014
Population
14,879
Households
2.6
Avg Household Size
44
Median Age
45%
College-Educated
91%
High-School Grad
32.6 sq mi
ZIP Area
1,197
Density / Sq Mi
$117,574
Median Household Income
$60,403
Median Earnings
$2,199
Median Rent
$837,300
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 - A 2-bedroom, 2-bath mobile home with a den, spacious kitchen, and a covered carport for parking.
Where is this mobile home & rv park located?
The property is located at 117-11401 Topanga Canyon Boulevard Chatsworth, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath mobile home with a versatile den for a home office, hobby room, or guest space; Spacious kitchen with a center island and major kitchen appliances included; Functional living area with a ceiling fan
