Move-In Ready Manufactured
For Sale
$350,000
124-10771 Black Mountain Rd, San Diego, CA 92126
Move-in ready 3-bedroom, 2-bath manufactured home with dual ramp access, covered patio, and fully fenced yard in a 55+ community.
Property Size1,440 SF
Price / SF$243.06
Days on Market148
Property Features for 124-10771 Black Mountain Rd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Additional Details
Fenced Yard
Yes
Amenities
covered patio
fully fenced yard
BBQ area
storage shed
clubhouse
swimming pool
recreational facilities
wide streets
RV and guest parking
Listing Agency:
Century 21 Masters
(888) 862-1194
Listed By:
Axel Zuniga
(858) 228-4108
Source:
Exprealty
Added: Apr 14
Changed: Aug 25
Last Checked: Sep 7 at 3:45PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This move-in ready manufactured home features three bedrooms and two bathrooms with an upgraded, functional layout. Dual ramp access is available at both the front and rear entries for easier, safer movement in and out. The third bedroom offers flexibility as an office or other flex space. Inside, the home includes a spacious kitchen with ample cabinetry, a dedicated dining area, and a bright living room with recessed lighting.
Outdoor living includes a covered patio and a fully fenced yard with a BBQ area and mature peach, pomegranate, and avocado trees, along with a storage shed. The Village Green 55+ community offers a clubhouse, swimming pool, recreational facilities, wide streets, and RV and guest parking.
A seller-provided Section 1 termite clearance is noted as available prior to close of escrow.
Outdoor living includes a covered patio and a fully fenced yard with a BBQ area and mature peach, pomegranate, and avocado trees, along with a storage shed. The Village Green 55+ community offers a clubhouse, swimming pool, recreational facilities, wide streets, and RV and guest parking.
A seller-provided Section 1 termite clearance is noted as available prior to close of escrow.
Key Highlights
- Move‑in ready 3‑bed, 2‑bath manufactured home with 1,440 sq. ft. of upgraded living space
- Dual ramp access at both front and rear entries for easier move‑in and move‑out
- Third bedroom offers flexibility as a home office or other flex space
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
$23,023
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
6.58%
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%
$460,460
$460.5K
Cap Rate 7%
$328,900
$328.9K
Cap Rate 9%
$255,811
$255.8K
Market Conditions
NOI Build-Up for 1,440 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
$44.1K $30.60/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$41.9K $29.07/SF
− OpEx
−$18.8K −$13.08/SF
NOI
$23.0K $15.99/SF
Area
ZIP 92126
Vacancy
5.00%
Lease Rate
$30.60 /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%
$460,460
Cap Rate 7%
$328,900
Cap Rate 9%
$255,811
Alternative Uses
Best Use
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,023 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.0K
$451.5K – $602.0K
NOI $36,122 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 92126, CA
74,788
Population
26,146
Households
2.9
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,447
Density / Sq Mi
$123,232
Median Household Income
$56,975
Median Earnings
$2,630
Median Rent
$802,000
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 - Move-in ready 3-bedroom, 2-bath manufactured home with dual ramp access, covered patio, and fully fenced yard in a 55+ community.
Where is this mobile home & rv park located?
The property is located at 124-10771 Black Mountain Rd San Diego, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Move‑in ready 3‑bed, 2‑bath manufactured home with 1,440 sq. ft. of upgraded living space; Dual ramp access at both front and rear entries for easier move‑in and move‑out; Third bedroom offers flexibility as a home office or other flex space
