Updated Mobile
For Sale
$109,900
1285 E Washington Space 102, El Cajon, CA 92019
Three-bedroom home with an open kitchen and great room layout in a managed age-restricted community.
Property Size600 SF
Price / SF$183.17
Days on Market38
Property Features for 1285 E Washington Space 102
General Information
Standard status
Active
Size
600 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Building Details
Buildings
1
Listing Agency:
Expression Homes
(949) 584-1393
Listed By:
Sarah Kreuz
(949) 584-1393
Source:
Realtyrightchoice
Added: Jul 24
Changed: Aug 29
Last Checked: Aug 29 at 7:01PM
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 Expression Homes
Investment Insights
Based on property information with market context.
This mobile home offers three bedrooms, two full bathrooms, and an open-concept arrangement connecting the kitchen with the great room. Recent improvements include new interior and exterior carpeting, lighting and plumbing fixtures, two toilets, interior and exterior paint, kitchen countertops, and a refrigerator.
The home is located at Lynnwood Mobile Estates at 1285 E Washington, Space 102, in El Cajon. Residency requires an age of at least 55 years and approval from park management. The property information also states that annual property taxes do not apply.
The home is located at Lynnwood Mobile Estates at 1285 E Washington, Space 102, in El Cajon. Residency requires an age of at least 55 years and approval from park management. The property information also states that annual property taxes do not apply.
Key Highlights
- Three bedrooms and two full bathrooms
- Open‑concept kitchen and great room
- New interior and exterior carpeting
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
$5,575
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
5.07%
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%
$111,500
$111.5K
Cap Rate 7%
$79,643
$79.6K
Cap Rate 9%
$61,944
$61.9K
Market Conditions
NOI Build-Up for 600 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
$10.8K $18.00/SF
− Vacancy
−$663 −$1.11/SF
EGI
$10.1K $16.89/SF
− OpEx
−$4.6K −$7.60/SF
NOI
$5.6K $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%
$111,500
Cap Rate 7%
$79,643
Cap Rate 9%
$61,944
Alternative Uses
Best Use
Apartment 5plus
$79.6K
$69.7K – $92.9K
NOI $5,575 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$149.1K
$130.4K – $173.9K
NOI $10,435 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
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 - Three-bedroom home with an open kitchen and great room layout in a managed age-restricted community.
Where is this mobile home & rv park located?
The property is located at 1285 E Washington Space 102 El Cajon, CA.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Open‑concept kitchen and great room; New interior and exterior carpeting
