Updated Mobile Home Park
New
For Sale
$729,000
134-552 Bean Creek Rd, Scotts Valley, CA 95066
Two-bedroom residence in Montevalle Senior Community with an open interior, private outdoor areas, and accessibility features.
Property Size1,368 SF
Price / SF$532.89
Days on Market6
Property Features for 134-552 Bean Creek Rd
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Manufactured In Park
Listing Agency:
Tri-County Real Estate Associates Inc
(831) 818-6367
Listed By:
Kim Turley · License #01125248
(831) 818-6367
Source:
Exprealty
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 8:04PM
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 Tri-County Real Estate Associates Inc
Investment Insights
Based on property information with market context.
This 1,368-square-foot residence in Montevalle Senior Community provides two bedrooms, two bathrooms, and a flexible office or craft room. The interior has an open living and dining arrangement, vaulted ceilings, a bay window, and skylights. The kitchen includes an island, granite countertops, a gas range, dishwasher, and refrigerator. Both bathrooms feature updated fixtures, double sinks, solid-surface finishes, tile, and options for bathing or showering.
Outdoor features include a private backyard, large front deck, and mature low-maintenance landscaping. An electric lift supports accessibility, while the laundry room includes a washer and dryer. Attached storage sheds provide additional utility.
Outdoor features include a private backyard, large front deck, and mature low-maintenance landscaping. An electric lift supports accessibility, while the laundry room includes a washer and dryer. Attached storage sheds provide additional utility.
Key Highlights
- 1,368‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Located in Montevalle Senior Community
- Open living and dining area with vaulted ceilings, bay window, and skylights
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
$35,212
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
4.83%
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%
$704,240
$704.2K
Cap Rate 7%
$503,029
$503.0K
Cap Rate 9%
$391,244
$391.2K
Market Conditions
NOI Build-Up for 1,368 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
$65.7K $48.00/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$64.0K $46.80/SF
− OpEx
−$28.8K −$21.06/SF
NOI
$35.2K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /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%
$704,240
Cap Rate 7%
$503,029
Cap Rate 9%
$391,244
Alternative Uses
Best Use
Apartment 5plus
$503.0K
$440.2K – $586.9K
NOI $35,212 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$782.2K
$684.5K – $912.6K
NOI $54,756 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
989
Businesses Nearby
Explore this area
Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
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 Montevalle Senior Community with an open interior, private outdoor areas, and accessibility features.
Where is this mobile home & rv park located?
The property is located at 134-552 Bean Creek Rd Scotts Valley, CA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 1,368‑square‑foot residence with 2 bedrooms and 2 bathrooms; Located in Montevalle Senior Community; Open living and dining area with vaulted ceilings, bay window, and skylights
