Senior Park Mobile
For Sale
$268,000
136-136 Phyllis Way, Newbury Park, CA 91320
Well-maintained senior park home with an updated kitchen, covered porch, and additional indoor sunroom space.
Property Size1,440 SF
Price / SF$186.11
Days on Market143
Property Features for 136-136 Phyllis Way
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
pool
spa
clubhouse
Listing Agency:
Compass
(805) 617-0645
Listed By:
Lisa Caligiuri Lewis
(805) 794-4654
Source:
Exprealty
Added: Apr 23
Changed: Aug 28
Last Checked: Sep 11 at 4:11PM
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 Compass
Investment Insights
Based on property information with market context.
This well-maintained senior park home in Ventu Estates features an updated kitchen with a large breakfast island that opens to a cozy den. Additional interior space includes spacious living and dining areas, plus a sunroom. Outdoors, the home offers an expansive covered porch among oak trees. The private primary bedroom includes an ensuite bathroom, and the guest room also has its own bathroom.
Ventu Estates is described as conveniently located near the 101 freeway, with nearby markets and restaurants, and access to miles of hiking and biking trails in the adjacent Santa Monica Mountains. The remarks also reference a nearby Stage Coach park and the community’s pool, spa, and clubhouse activities.
For day-to-day community life, the clubhouse hosts recurring monthly events such as potlucks, wellness speakers, bingo/game days, and donuts & coffee.
Ventu Estates is described as conveniently located near the 101 freeway, with nearby markets and restaurants, and access to miles of hiking and biking trails in the adjacent Santa Monica Mountains. The remarks also reference a nearby Stage Coach park and the community’s pool, spa, and clubhouse activities.
For day-to-day community life, the clubhouse hosts recurring monthly events such as potlucks, wellness speakers, bingo/game days, and donuts & coffee.
Key Highlights
- Well‑maintained senior park home with an updated kitchen and large breakfast island
- Open layout with the kitchen open to the den
- Expansive covered porch
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
$22,795
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
8.51%
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%
$455,900
$455.9K
Cap Rate 7%
$325,643
$325.6K
Cap Rate 9%
$253,278
$253.3K
Market Conditions
NOI Build-Up for 1,440 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
$43.7K $30.36/SF
− Vacancy
−$2.3K −$1.58/SF
EGI
$41.4K $28.78/SF
− OpEx
−$18.7K −$12.95/SF
NOI
$22.8K $15.83/SF
Area
Thousand Oaks, CA
Vacancy
5.20%
Lease Rate
$30.36 /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%
$455,900
Cap Rate 7%
$325,643
Cap Rate 9%
$253,278
Alternative Uses
Best Use
Apartment 5plus
$325.6K
$284.9K – $379.9K
NOI $22,795 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$564.2K
$493.7K – $658.3K
NOI $39,497 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
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 - Well-maintained senior park home with an updated kitchen, covered porch, and additional indoor sunroom space.
Where is this mobile home & rv park located?
The property is located at 136-136 Phyllis Way Newbury Park, CA.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: Well‑maintained senior park home with an updated kitchen and large breakfast island; Open layout with the kitchen open to the den; Expansive covered porch
