Mobile Home Park Property with
New
For Sale
$429,000
270 Hames Rd 54, Corralitos, CA 95076
Home site in a co-op owned 55+ community with mountain views, recreational amenities, and a peaceful country setting.
Days on Market5
Property Features for 270 Hames Rd 54
General Information
Standard status
Active
Property subtype
Commercial
Amenities
scenic walking trails
dog park
bocce court
swimming pool
hot tub
clubhouse
library
exercise room
Building Details
Building Size
1,488 SF
Year Built
1981
Listing Agency:
(831) 252-0320
Listed By:
Patty and Bryan Hayes
(831) 252-0320
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 2 at 12:00PM
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 Patty and Bryan Hayes
Investment Insights
Based on property information with market context.
Located at 270 Hames Rd 54 in Corralitos, this 1981 mobile home is situated within Rancho Corralitos, a co-op owned 55+ community. The home is uninhabitable in its present condition, with value in the space and setting. A private deck and living spaces overlook sweeping mountain views across rolling hillside terraces.
Community amenities include scenic walking trails, a dog park, bocce court, swimming pool, hot tub, clubhouse, library, and exercise room. The clubhouse hosts social gatherings and community events. The property has a walk score of 23 and a bike score of 45, described as Car-Dependent and Somewhat Bikeable, respectively.
Community amenities include scenic walking trails, a dog park, bocce court, swimming pool, hot tub, clubhouse, library, and exercise room. The clubhouse hosts social gatherings and community events. The property has a walk score of 23 and a bike score of 45, described as Car-Dependent and Somewhat Bikeable, respectively.
Key Highlights
- 1981 mobile home in Rancho Corralitos
- Uninhabitable in its present condition; value is in the space
- Located in a co‑op owned 55+ community
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.4k | $48.00 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $69.6k | $46.80 |
| − OpEx | −$31.3k | −$21.06 |
| NOI | $38.3k | $25.74 |
1,488 SF · lease $48.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$547.2K
$478.8K – $638.4K
NOI $38,301 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$850.8K
$744.5K – $992.7K
NOI $59,559 @ 7.0% cap · market cap 13.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 95076, CA
84,433
Population
26,488
Households
3.2
Avg Household Size
35
Median Age
19%
College-Educated
72%
High-School Grad
135.1 sq mi
ZIP Area
625
Density / Sq Mi
$86,685
Median Household Income
$36,077
Median Earnings
$1,851
Median Rent
$767,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Home site in a co-op owned 55+ community with mountain views, recreational amenities, and a peaceful country setting.
Where is this mobile home & rv park located?
The property is located at 270 Hames Rd 54 Corralitos, CA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1981 mobile home in Rancho Corralitos; Uninhabitable in its present condition; value is in the space; Located in a co‑op owned 55+ community
