Corner-Lot Residential Income
New
For Sale
$349,000
1253 Pear Avenue 105, Oxnard, CA 93033
Three-bedroom manufactured home with covered patios, central air conditioning, and access to family park amenities.
Property Size1,248 SF
Price / SF$279.65
Days on Market3
Property Features for 1253 Pear Avenue 105
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
RE/MAX Gold Coast-Beach Marina Office
(805) 382-9441
Listed By:
Javier Castro · License #01342011
(805) 469-5221
Source:
Tfregroup
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 23 at 2:26AM
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 RE/MAX Gold Coast-Beach Marina Office
Investment Insights
Based on property information with market context.
This 1,248-square-foot manufactured home, built in 1996, occupies a corner lot within a family mobile home park. The interior includes an open living, kitchen, and dining arrangement, an updated kitchen with appliances, LED lighting, an interior laundry area, central air conditioning, and a furnace. The primary bedroom has an en-suite bathroom, upgraded vanity, and walk-in closet, while two additional bedrooms share a guest bathroom with a tub and shower combination.
Exterior features include covered parking, mature landscaping, a detached storage shed, and covered patios at the front, side, and rear. Community amenities include a pool, clubhouse, common laundry facilities, and maintained park grounds. The property is located just off Highway 1, with access to coastal beaches, hiking trails, shopping, and dining in the surrounding Oxnard area.
Exterior features include covered parking, mature landscaping, a detached storage shed, and covered patios at the front, side, and rear. Community amenities include a pool, clubhouse, common laundry facilities, and maintained park grounds. The property is located just off Highway 1, with access to coastal beaches, hiking trails, shopping, and dining in the surrounding Oxnard area.
Key Highlights
- 1,248‑square‑foot manufactured home built in 1996
- Corner lot with covered parking and mature landscaping
- Three bedrooms, including a primary suite with walk‑in closet
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
$20,017
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
5.74%
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%
$400,340
$400.3K
Cap Rate 7%
$285,957
$286.0K
Cap Rate 9%
$222,411
$222.4K
Market Conditions
NOI Build-Up for 1,248 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
$38.2K $30.60/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$36.4K $29.16/SF
− OpEx
−$16.4K −$13.12/SF
NOI
$20.0K $16.04/SF
Area
Oxnard, CA
Vacancy
4.70%
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%
$400,340
Cap Rate 7%
$285,957
Cap Rate 9%
$222,411
Alternative Uses
Best Use
Apartment 5plus
$286.0K
$250.2K – $333.6K
NOI $20,017 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,511 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 93033, CA
79,539
Population
17,523
Households
4.5
Avg Household Size
32
Median Age
11%
College-Educated
57%
High-School Grad
32.2 sq mi
ZIP Area
2,470
Density / Sq Mi
$85,848
Median Household Income
$32,675
Median Earnings
$1,810
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom manufactured home with covered patios, central air conditioning, and access to family park amenities.
Where is this residential income property located?
The property is located at 1253 Pear Avenue 105 Oxnard, 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: 1,248‑square‑foot manufactured home built in 1996; Corner lot with covered parking and mature landscaping; Three bedrooms, including a primary suite with walk‑in closet
