Remodeled Double-Wide Mobile
New
For Sale
$396,000
Union City CA 94587, Union City, CA 94587
Updated four-bedroom residence with granite kitchen counters, central heating, laundry facilities, and covered three-car parking.
Property Size1,600 SF
Price / SF$247.50
Days on Market5
Property Features for Union City CA 94587
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
3
Property subtype
Manufactured In Park
Units
Unit Mix
1 x 4BR/3BA double wide
Multifamily Units
1
Amenities
drop own exhaust
elongated side porch
storage shed
central forced heating
laundry room
washer + dryer
Building Details
Buildings
1
Construction
mobile home
Listing Agency:
StarSky Realty Inc
(408) 320-2103
Listed By:
Sharon Zhao
(408) 858-7703
Source:
Realtyrightchoice
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 12 at 7:05AM
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 StarSky Realty Inc
Investment Insights
Based on property information with market context.
This remodeled double-wide mobile home offers four bedrooms, three bathrooms, and 1,152 square feet of living space. Interior features include a spacious living room, granite kitchen countertops, updated bathrooms, a laundry room with washer and dryer, and central forced heating. An elongated side porch, storage shed, and three-car carport add functional outdoor and storage space.
The home is located within a mobile home community with neighborhood views and convenient access to nearby convenience stores, restaurants, and a grocery market. Its combination of updated interior finishes, multiple bedrooms, covered parking, and dedicated storage provides a practical residential layout within the community setting.
The home is located within a mobile home community with neighborhood views and convenient access to nearby convenience stores, restaurants, and a grocery market. Its combination of updated interior finishes, multiple bedrooms, covered parking, and dedicated storage provides a practical residential layout within the community setting.
Key Highlights
- Four‑bedroom, three‑bath double‑wide mobile home
- 1,152 Sq Ft of living space
- Remodeled bathrooms and granite kitchen countertops
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
$23,178
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
5.85%
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%
$463,560
$463.6K
Cap Rate 7%
$331,114
$331.1K
Cap Rate 9%
$257,533
$257.5K
Market Conditions
NOI Build-Up for 1,600 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
$44.7K $27.96/SF
− Vacancy
−$2.6K −$1.62/SF
EGI
$42.1K $26.34/SF
− OpEx
−$19.0K −$11.85/SF
NOI
$23.2K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /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%
$463,560
Cap Rate 7%
$331,114
Cap Rate 9%
$257,533
Alternative Uses
Best Use
Apartment 5plus
$331.1K
$289.7K – $386.3K
NOI $23,178 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.29M
$6.38M – $8.51M
NOI $510,602 @ 7.0% cap · market cap 128.94%
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
1,021
Businesses Nearby
Explore this area
Business Placement
Demographics for 94587, CA
70,121
Population
21,923
Households
3.2
Avg Household Size
40
Median Age
45%
College-Educated
87%
High-School Grad
19.6 sq mi
ZIP Area
3,578
Density / Sq Mi
$137,194
Median Household Income
$66,405
Median Earnings
$2,713
Median Rent
$1,058,200
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 - Updated four-bedroom residence with granite kitchen counters, central heating, laundry facilities, and covered three-car parking.
Where is this mobile home & rv park located?
The property is located at Union City CA 94587 Union City, CA.
What is the asking price?
The asking price for this property is $396,000.
What are key features of this property?
This property features: Four‑bedroom, three‑bath double‑wide mobile home; 1,152 Sq Ft of living space; Remodeled bathrooms and granite kitchen countertops
