Senior Community Mobile
For Sale
$179,000
74 Don Antonio Way 74, Ojai, CA 93023
Two-bedroom residence with a front deck, central air and heat, and access to shared community amenities.
Property Size672 SF
Price / SF$266.37
Days on Market39
Property Features for 74 Don Antonio Way 74
General Information
Standard status
Active
Size
672 SF
Property subtype
ManufacturedInPark
Additional Details
Multifamily Units
1
Amenities
pool
spa
clubhouse
fitness center
RV parking
storage parking
Listing Agency:
Keller Williams Westlake
(805) 798-3358
Listed By:
Heather Erickson · License #01379424
(805) 798-3358
Source:
Realtyrightchoice
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 31 at 5:15PM
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 Keller Williams Westlake
Investment Insights
Based on property information with market context.
Located at 74 Don Antonio Way in Ojai, this 672-square-foot, two-bedroom, one-bath mobile home occupies a corner lot within Ojai Villa 55+ Community. The residence includes an updated front deck, a spacious yard, central air and heat, copper plumbing, copper wiring, and recently painted exterior surfaces. Guest parking is located nearby.
Community amenities include a pool and spa, clubhouse, fitness center, RV parking, and additional storage parking. The property is near shops, restaurants, and hiking trails, with mountain views from the home and front deck.
Community amenities include a pool and spa, clubhouse, fitness center, RV parking, and additional storage parking. The property is near shops, restaurants, and hiking trails, with mountain views from the home and front deck.
Key Highlights
- 672‑square‑foot mobile home with 2 bedrooms and 1 bath
- Corner‑lot setting in Ojai Villa 55+ Community
- Updated front deck with mountain views
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
$10,622
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
5.93%
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%
$212,440
$212.4K
Cap Rate 7%
$151,743
$151.7K
Cap Rate 9%
$118,022
$118.0K
Market Conditions
NOI Build-Up for 672 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
$20.2K $30.00/SF
− Vacancy
−$847 −$1.26/SF
EGI
$19.3K $28.74/SF
− OpEx
−$8.7K −$12.93/SF
NOI
$10.6K $15.81/SF
Area
Ventura County, CA
Vacancy
4.20%
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%
$212,440
Cap Rate 7%
$151,743
Cap Rate 9%
$118,022
Alternative Uses
Best Use
Apartment 5plus
$151.7K
$132.8K – $177.0K
NOI $10,622 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$230.7K
$201.9K – $269.2K
NOI $16,149 @ 7.0% cap · market cap 9.02%
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
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 93023, CA
20,937
Population
9,310
Households
2.2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
266.9 sq mi
ZIP Area
78
Density / Sq Mi
$82,298
Median Household Income
$42,389
Median Earnings
$1,831
Median Rent
$888,700
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 with a front deck, central air and heat, and access to shared community amenities.
Where is this mobile home & rv park located?
The property is located at 74 Don Antonio Way 74 Ojai, CA.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 672‑square‑foot mobile home with 2 bedrooms and 1 bath; Corner‑lot setting in Ojai Villa 55+ Community; Updated front deck with mountain views
