Mobile Home with Private
For Sale
$238,000
17 Blue Sky Lane, Oceanside, CA 92056
Two-bedroom residence in a gated 55+ community with outdoor living areas and shared recreational amenities.
Property Size1,200 SF
Price / SF$198.33
Days on Market37
Property Features for 17 Blue Sky Lane
General Information
Standard status
Active
Size
1,200 SF
Property subtype
ManufacturedInPark
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Amenities
pool
spa
gazebo
scenic walking path
clubhouse
on-site store
private deck
enclosed front patio
washer/dryer
Building Details
Buildings
1
Listing Agency:
Compass
(858) 744-8585
Listed By:
Dennis Bragg
(858) 744-8585
Source:
Realtyrightchoice
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 28 at 1:12PM
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 Compass
Investment Insights
Based on property information with market context.
This 1,200-square-foot, two-bedroom, two-bath mobile home occupies a corner lot within the gated 55+ Rancho Calevero community. The interior features updated dual-pane windows and fresh paint, while an enclosed front patio and rear deck expand the usable living area. A pass-through carport provides convenient vehicle access, and a full-size washer and dryer are included.
Community amenities include a pool, spa, gazebo, walking path, clubhouse, and on-site store. The home is located at 17 Blue Sky Lane in Oceanside, California, with rent-controlled space and no HOA.
Community amenities include a pool, spa, gazebo, walking path, clubhouse, and on-site store. The home is located at 17 Blue Sky Lane in Oceanside, California, with rent-controlled space and no HOA.
Key Highlights
- 1,200‑square‑foot mobile home with 2 bedrooms and 2 baths
- Corner‑lot position in gated 55+ Rancho Calevero community
- Rear deck plus enclosed front patio for outdoor living
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
$18,584
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
7.81%
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%
$371,680
$371.7K
Cap Rate 7%
$265,486
$265.5K
Cap Rate 9%
$206,489
$206.5K
Market Conditions
NOI Build-Up for 1,200 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
$36.0K $30.00/SF
− Vacancy
−$2.2K −$1.84/SF
EGI
$33.8K $28.16/SF
− OpEx
−$15.2K −$12.67/SF
NOI
$18.6K $15.49/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$30.00 /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%
$371,680
Cap Rate 7%
$265,486
Cap Rate 9%
$206,489
Alternative Uses
Best Use
Apartment 5plus
$265.5K
$232.3K – $309.7K
NOI $18,584 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.4K
$351.2K – $468.3K
NOI $28,095 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 92056, CA
53,750
Population
20,514
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
4,370
Density / Sq Mi
$102,570
Median Household Income
$50,029
Median Earnings
$2,536
Median Rent
$696,400
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 - Two-bedroom residence in a gated 55+ community with outdoor living areas and shared recreational amenities.
Where is this mobile home & rv park located?
The property is located at 17 Blue Sky Lane Oceanside, CA.
What is the asking price?
The asking price for this property is $238,000.
What are key features of this property?
This property features: 1,200‑square‑foot mobile home with 2 bedrooms and 2 baths; Corner‑lot position in gated 55+ Rancho Calevero community; Rear deck plus enclosed front patio for outdoor living
