El Cajon Mobile
For Sale
$225,000
Pending
716 S 2nd St. 197, El Cajon, CA 92019
Mobile home in quiet park near amenities and transportation.
Property Size1,546 SF
Lot Size6.19 Acres
Days on Market271
Property Features for 716 S 2nd St. 197
General Information
Standard status
Pending
Size
1,546 SF
Lot size
6.19 Acres
Property subtype
Other
Building Details
Building Size
1,546 SF
Year Built
2004
Stories
1
Listing Agency:
(877) 366-2213
Listed By:
Gregory Schwab · License #01376328
(877) 366-2213
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 15
Last Checked: Aug 25 at 11:25AM
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 Gregory Schwab
Investment Insights
Based on property information with market context.
This mobile home is situated in a quiet park, offering convenient access to restaurants, shopping, and public transportation. The property benefits from an end location, with five additional guest parking spots located directly in front. The home features ceiling fans in all three bedrooms. The primary bedroom includes a large walk-in closet and an en suite bathroom. High-quality carpeting is present, along with wood laminate flooring in the dining room, kitchen, and third bedroom, which could serve as an office space. New leathered granite is installed at the front door entry, and new exterior carpet enhances the large front porch. A shed at the end of the carport provides storage space and can accommodate two cars. The park requires at least one resident to be 55 years of age or older, with all other residents being 18 years of age or older. The property is intended for residential use.
Key Highlights
- Convenient location near restaurants, shopping, and public transportation.
- End location with five additional guest parking spots.
- Primary bedroom with large walk‑in closet and en suite bathroom.**
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
$14,366
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
6.38%
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%
$287,320
$287.3K
Cap Rate 7%
$205,229
$205.2K
Cap Rate 9%
$159,622
$159.6K
Market Conditions
NOI Build-Up for 1,546 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
$27.8K $18.00/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$26.1K $16.89/SF
− OpEx
−$11.8K −$7.60/SF
NOI
$14.4K $9.29/SF
Area
El Cajon, CA
Vacancy
6.14%
Lease Rate
$18.00 /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%
$287,320
Cap Rate 7%
$205,229
Cap Rate 9%
$159,622
Alternative Uses
Best Use
Apartment 5plus
$205.2K
$179.6K – $239.4K
NOI $14,366 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.1K
$336.1K – $448.1K
NOI $26,888 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 92019, CA
45,108
Population
15,830
Households
2.8
Avg Household Size
41
Median Age
34%
College-Educated
90%
High-School Grad
31.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$99,266
Median Household Income
$46,622
Median Earnings
$2,141
Median Rent
$727,400
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 - Mobile home in quiet park near amenities and transportation.
Where is this mobile home & rv park located?
The property is located at 716 S 2nd St. 197 El Cajon, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Convenient location near restaurants, shopping, and public transportation.; End location with **five additional guest parking spots.**; Primary bedroom with large walk‑in closet and en suite bathroom.**
