Renovated Residential Income
New
For Sale
$470,000
157 Horizon Ln 157, Oceanside, CA 92056
Updated manufactured home in a gated leased-land community with shared recreational amenities and a low-maintenance outdoor area.
Property Size1,350 SF
Price / SF$348.15
Days on Market2
Property Features for 157 Horizon Ln 157
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Manufactured In Park
Additional Details
Utilities to Site
Yes
Multifamily Units
1
Amenities
new roof
covered privacy canopy
privacy wall
plantation shutters
central A/C
tankless water heater
vinyl flooring
gourmet kitchen
stone countertops
kitchen island
custom pantry
gas cooking
gated guard entry
lake
pool
spa
clubhouse
RV/boat parking
barbecue/picnic areas
walking trails
common RV/boat storage
Building Details
Buildings
1
Listing Agency:
The Nuevo Group
Listed By:
Ali Moss
(760) 420-7378
Source:
Tfregroup
Added: Sep 13
Last Checked: Sep 14 at 1:01PM
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 The Nuevo Group
Investment Insights
Based on property information with market context.
Located at 157 Horizon Ln in Oceanside, this 1,350-square-foot manufactured home has undergone a down-to-studs renovation. The interior includes an open living arrangement, new vinyl flooring, plantation shutters, central A/C, and a tankless water heater. The kitchen features stone countertops, a sizable island, a custom pantry, and gas cooking. Exterior improvements include a new roof, covered privacy canopy, turf, pavers, a 12-foot privacy wall, and only one adjacent neighbor.
The home is positioned within Rancho Calevero, a gated leased-land community with on-site security. Residents have access to a private lake, pool, spa, clubhouse, walking trails, barbecue and picnic areas, and shared RV/boat storage. The community is approximately 4 miles from the coast, allows pets with restrictions, and includes gas, electric, water, and trash through the community billing arrangement.
The home is positioned within Rancho Calevero, a gated leased-land community with on-site security. Residents have access to a private lake, pool, spa, clubhouse, walking trails, barbecue and picnic areas, and shared RV/boat storage. The community is approximately 4 miles from the coast, allows pets with restrictions, and includes gas, electric, water, and trash through the community billing arrangement.
Key Highlights
- 1,350‑square‑foot manufactured home at 157 Horizon Ln, Oceanside, CA 92056
- Down‑to‑studs renovation with new vinyl flooring, central A/C, and tankless water heater
- Kitchen includes stone countertops, large island, custom pantry, and gas cooking
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
$20,907
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
4.45%
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%
$418,140
$418.1K
Cap Rate 7%
$298,671
$298.7K
Cap Rate 9%
$232,300
$232.3K
Market Conditions
NOI Build-Up for 1,350 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
$40.5K $30.00/SF
− Vacancy
−$2.5K −$1.84/SF
EGI
$38.0K $28.16/SF
− OpEx
−$17.1K −$12.67/SF
NOI
$20.9K $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%
$418,140
Cap Rate 7%
$298,671
Cap Rate 9%
$232,300
Alternative Uses
Best Use
Apartment 5plus
$298.7K
$261.3K – $348.5K
NOI $20,907 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.5K
$395.1K – $526.8K
NOI $31,607 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated manufactured home in a gated leased-land community with shared recreational amenities and a low-maintenance outdoor area.
Where is this residential income property located?
The property is located at 157 Horizon Ln 157 Oceanside, CA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,350‑square‑foot manufactured home at 157 Horizon Ln, Oceanside, CA 92056; Down‑to‑studs renovation with new vinyl flooring, central A/C, and tankless water heater; Kitchen includes stone countertops, large island, custom pantry, and gas cooking
