Park Model Mobile Home with Ocean
For Sale
$229,900
Pending
12-2531 Cienaga St, Oceano, CA 93445
55+ park park model with a sunny deck offering ocean and dune views, plus adjacent vacant lot and permitted subletting.
Property Size547 SF
Days on Market69
Property Features for 12-2531 Cienaga St
General Information
Standard status
Pending
Size
547 SF
Property subtype
Manufactured In Park
Amenities
deck
ocean and dune views
Building Details
Buildings
1
Listing Agency:
Independent Broker Network
(559) 259-0921
Listed By:
Joyce Nielsen
(559) 259-0921
Source:
Exprealty
Added: May 26
Changed: Jul 31
Last Checked: Jul 31 at 2:54AM
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 Independent Broker Network
Investment Insights
Based on property information with market context.
Park model mobile home located in a 55+ community. The home is set up for relaxed coastal enjoyment and includes a sunny deck with ocean and dune views. Privacy is a key feature here, with no neighbor behind.
A notable community allowance is that subletting is permitted in this 55+ park, which can support buyers looking for an option to generate rental income from the property. An adjacent vacant lot enhances the open feel around the home.
Additional context: the property is listed at 12-2531 Cienaga St, Oceano, CA, and has a recorded property size of 547.
A notable community allowance is that subletting is permitted in this 55+ park, which can support buyers looking for an option to generate rental income from the property. An adjacent vacant lot enhances the open feel around the home.
Additional context: the property is listed at 12-2531 Cienaga St, Oceano, CA, and has a recorded property size of 547.
Key Highlights
- Sunny deck with ocean and dune views
- Located in a 55+ park
- Subletting permitted in the 55+ park
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.7k | $36.00 |
| − Vacancy | −$492 | −$0.90 |
| EGI | $19.2k | $35.10 |
| − OpEx | −$8.6k | −$15.80 |
| NOI | $10.6k | $19.31 |
547 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$150.9K
$132.0K – $176.0K
NOI $10,560 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$215.1K
$188.2K – $251.0K
NOI $15,059 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 93445, CA
7,040
Population
3,285
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
79%
High-School Grad
17.0 sq mi
ZIP Area
414
Density / Sq Mi
$75,012
Median Household Income
$34,594
Median Earnings
$1,450
Median Rent
$538,200
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 - 55+ park park model with a sunny deck offering ocean and dune views, plus adjacent vacant lot and permitted subletting.
Where is this mobile home & rv park located?
The property is located at 12-2531 Cienaga St Oceano, CA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Sunny deck with ocean and dune views; Located in a 55+ park; Subletting permitted in the 55+ park
