Owned-Land Residential Income
For Sale
$272,000
133 Solana Way, Paso Robles, CA 93446
Existing home within a 55+ community featuring a pool, clubhouse, and tree-lined streets.
Property Size1,248 SF
Price / SF$217.95
Days on Market41
Property Features for 133 Solana Way
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
BHGRE HAVEN PROPERTIES
(805) 909-2005
Listed By:
Jill Turnbow · License #01226752
(805) 909-2005
Source:
Exprealty
Added: Jun 26
Changed: Aug 3
Last Checked: Aug 3 at 7:35AM
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 BHGRE HAVEN PROPERTIES
Investment Insights
Based on property information with market context.
Located at 133 Solana Way in Paso Robles, this residential income property includes an existing 1,248-square-foot home situated on owned land within a 55+ mobile home park. No space rent applies. The existing home can be restored, and the property information also identifies installation of a new manufactured home as an option, subject to park requirements and approvals.
Community amenities include a pool and clubhouse, with tree-lined streets throughout the neighborhood. The property offers access to shopping, restaurants, wineries, and major freeway connections. Its combination of owned land, an existing home, and stated replacement-home potential provides a range of property considerations within the community’s established setting.
Community amenities include a pool and clubhouse, with tree-lined streets throughout the neighborhood. The property offers access to shopping, restaurants, wineries, and major freeway connections. Its combination of owned land, an existing home, and stated replacement-home potential provides a range of property considerations within the community’s established setting.
Key Highlights
- Owned land with no space rent
- Existing 1,248‑square‑foot home
- Located in a 55+ mobile home park
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 | $44.9k | $36.00 |
| − Vacancy | −$1.1k | −$0.90 |
| EGI | $43.8k | $35.10 |
| − OpEx | −$19.7k | −$15.80 |
| NOI | $24.1k | $19.31 |
1,248 SF · lease $36.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,093 @ 7.0% cap · market cap 8.86%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$490.8K
$429.5K – $572.6K
NOI $34,357 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 93446, CA
45,979
Population
19,786
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
428.3 sq mi
ZIP Area
107
Density / Sq Mi
$94,512
Median Household Income
$43,229
Median Earnings
$1,946
Median Rent
$661,400
Median Home Value
Market
Properties on Market for Residential income properties in San Luis Obispo County
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Frequently Asked Questions
What type of property is this?
Residential income property - Existing home within a 55+ community featuring a pool, clubhouse, and tree-lined streets.
Where is this residential income property located?
The property is located at 133 Solana Way Paso Robles, CA.
What is the asking price?
The asking price for this property is $272,000.
What are key features of this property?
This property features: Owned land with no space rent; Existing 1,248‑square‑foot home; Located in a 55+ mobile home park
