Listing Agency: Keller Williams Westlake Show Phone

Listed By: Heather Erickson · License #01379424 Show Phone

Source: Tfregroup

Added: Nov 28, 2025 Changed: Oct 4 Last Checked: Oct 20 at 8:23PM

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Investment Insights

Based on property information with market context.

Located in the 55+ Golden Oaks Mobile Home Park, this well-maintained home features wood floors, new plumbing, a laundry room, and air conditioning. The large floor plan includes 2 bedrooms, 2 bathrooms, a nice entry foyer, and a bonus room. The master bedroom has a walk-in closet and a private bathroom. Solar landscape lights illuminate the front of the property. A fully fenced yard offers gardening space and allows enjoyment of the Ojai setting. The park includes a clubhouse, pool, dog park, community gardens, and RV parking. Hiking and biking trails and downtown Ojai are easily accessible. The Ojai trolley stop is conveniently located in front of the park.

Key Highlights

• Located in the desirable 55+ Golden Oaks Mobile Home Park.
• Features a large floor plan with 2 bedrooms and 2 bathrooms, plus entry foyer and bonus room.
• Enjoy park amenities including a clubhouse, pool, dog park, community gardens, and RV parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,646

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$252,920 $252.9K

Cap Rate 7%

$180,657 $180.7K

Cap Rate 9%

$140,511 $140.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$24.0K $30.00/SF

− Vacancy

−$1.0K −$1.26/SF

EGI

$23.0K $28.74/SF

− OpEx

−$10.3K −$12.93/SF

NOI

$12.6K $15.81/SF

Area

Ventura County, CA

Vacancy

4.20%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$252,920

Cap Rate 7%

$180,657

Cap Rate 9%

$140,511

Alternative Uses

Best Use

Apartment 5plus

$180.7K

$158.1K – $210.8K (±1% cap)

NOI $12,646 @ 7.0% cap · market cap 3.97%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$274.6K

$240.3K – $320.4K (±1% cap)

NOI $19,225 @ 7.0% cap · market cap 6.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Golden Oaks Mobile ... Campground & RV Park Team Safety Inc Building Supply Sunshine Quality Home ... Mobile Home Dealer Ojai Images Photography Service

Suggested Use

Top Pick Law Firm Hair Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Explore this area Business Placement

Demographics for 93023, CA

20,937

Population

9,310

Households

2.2

Avg Household Size

50

Median Age

41%

College-Educated

90%

High-School Grad

266.9 sq mi

ZIP Area

78

Density / Sq Mi

$82,298

Median Household Income

$42,389

Median Earnings

$1,831

Median Rent

$888,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Well-maintained 2BR/2BA home in desirable Ojai senior community.

Where is this mobile home & rv park located?

The property is located at 1273 S Rice Road 69 Ojai, CA.

What is the asking price?

The asking price for this property is $318,500.

What are key features of this property?

This property features: Located in the desirable 55+ Golden Oaks Mobile Home Park.; Features a large floor plan with **2 bedrooms and 2 bathrooms**, plus entry foyer and bonus room.; Enjoy park amenities including a clubhouse, pool, dog park, community gardens, and RV parking.