Mobile Home & RV Park with
For Sale
$475,000
122-699 N Vulcan Ave, Encinitas, CA 92024
Three-bedroom, two-bath open-concept home with indoor laundry, French-door access to an outdoor deck, and a covered two-car carport.
Property Size1,349 SF
Price / SF$352.11
Days on Market57
Property Features for 122-699 N Vulcan Ave
General Information
Standard status
Active
Size
1,349 SF
Property subtype
Manufactured In Park
Listing Agency:
Coldwell Banker Realty
(760) 753-5616
Listed By:
Tiffany Weis · License #01471832
(760) 505-1389
Source:
Exprealty
Added: Jul 21
Changed: Sep 11
Last Checked: Sep 14 at 8:25AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mobile home offers an open-concept layout that combines the kitchen, dining, and living room for a seamless flow. The home features three spacious bedrooms and two full bathrooms with upgraded fixtures and cabinetry, including a custom shower in the master bath. An indoor laundry room includes pantry storage cabinets, a sink, and a folding counter.
French doors lead to an outdoor deck, and the property sits on a large lot with a separate finished structure that has its own electrical panel. That additional space can be used as an office, yoga room, storage room, or hobby room, and there is also a two-car covered carport. The community offers a remodeled clubhouse and pool.
Located at 122-699 N Vulcan Ave in Encinitas, the home is described as within walking distance to the beaches, schools, the Farmer’s Market, shopping, restaurants, entertainment, and the Leucadia area. No rentals of any kind are allowed, and there are no traditional property tax or HOA fees.
French doors lead to an outdoor deck, and the property sits on a large lot with a separate finished structure that has its own electrical panel. That additional space can be used as an office, yoga room, storage room, or hobby room, and there is also a two-car covered carport. The community offers a remodeled clubhouse and pool.
Located at 122-699 N Vulcan Ave in Encinitas, the home is described as within walking distance to the beaches, schools, the Farmer’s Market, shopping, restaurants, entertainment, and the Leucadia area. No rentals of any kind are allowed, and there are no traditional property tax or HOA fees.
Key Highlights
- Open‑concept kitchen, dining, and living room layout
- Three bedrooms and two full bathrooms, including a custom master shower
- Indoor laundry room with pantry storage cabinets, sink, and folding counter
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
$22,414
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
4.72%
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%
$448,280
$448.3K
Cap Rate 7%
$320,200
$320.2K
Cap Rate 9%
$249,044
$249.0K
Market Conditions
NOI Build-Up for 1,349 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
$42.9K $31.80/SF
− Vacancy
−$2.1K −$1.59/SF
EGI
$40.8K $30.21/SF
− OpEx
−$18.3K −$13.59/SF
NOI
$22.4K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
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%
$448,280
Cap Rate 7%
$320,200
Cap Rate 9%
$249,044
Alternative Uses
Best Use
Apartment 5plus
$320.2K
$280.2K – $373.6K
NOI $22,414 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
Explore this area
Business Placement
Demographics for 92024, CA
51,190
Population
21,566
Households
2.4
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
2,844
Density / Sq Mi
$149,080
Median Household Income
$70,949
Median Earnings
$2,643
Median Rent
$1,409,700
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 - Three-bedroom, two-bath open-concept home with indoor laundry, French-door access to an outdoor deck, and a covered two-car carport.
Where is this mobile home & rv park located?
The property is located at 122-699 N Vulcan Ave Encinitas, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Open‑concept kitchen, dining, and living room layout; Three bedrooms and two full bathrooms, including a custom master shower; Indoor laundry room with pantry storage cabinets, sink, and folding counter
