Move-In Ready Mobile Home in Family
For Sale
$419,000
14-400 N Melrose Dr, Vista, CA 92083
Brand-new Cavco mobile home with a split-bedroom layout, 3 bedrooms and 2 bathrooms, plus an 8x10 shed.
Property Size1,040 SF
Price / SF$402.88
Days on Market57
Property Features for 14-400 N Melrose Dr
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Manufactured In Park
Amenities
shed
Building Details
Buildings
1
Listing Agency:
Leah Cole Realty
(760) 598-8686
Listed By:
Cathy-Jean Bucalo Stumpf
(760) 420-1101
Source:
Exprealty
Added: Jul 21
Changed: Sep 2
Last Checked: Sep 14 at 8:51AM
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 Leah Cole Realty
Investment Insights
Based on property information with market context.
Move-in ready, brand-new Cavco mobile home located in a family park setting. The home offers a split floor plan with a dedicated master suite for added privacy, along with more than ample storage throughout. Additional storage includes an 8x10 shed.
The property is listed as a 3 bedroom, 2 bathroom layout and has an interior size of 1,040 SF.
For showings, contact Cathy Bucalo.
The property is listed as a 3 bedroom, 2 bathroom layout and has an interior size of 1,040 SF.
For showings, contact Cathy Bucalo.
Key Highlights
- Brand‑new Cavco mobile home in a family park
- Split floor plan with master suite privacy
- 3 bedrooms and 2 bathrooms
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
$17,280
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
4.12%
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%
$345,600
$345.6K
Cap Rate 7%
$246,857
$246.9K
Cap Rate 9%
$192,000
$192.0K
Market Conditions
NOI Build-Up for 1,040 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
$33.1K $31.80/SF
− Vacancy
−$1.7K −$1.59/SF
EGI
$31.4K $30.21/SF
− OpEx
−$14.1K −$13.59/SF
NOI
$17.3K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /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%
$345,600
Cap Rate 7%
$246,857
Cap Rate 9%
$192,000
Alternative Uses
Best Use
Apartment 5plus
$246.9K
$216.0K – $288.0K
NOI $17,280 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.5K
$416.9K – $555.9K
NOI $33,355 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 92083, CA
39,219
Population
11,901
Households
3.3
Avg Household Size
33
Median Age
20%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
7,131
Density / Sq Mi
$82,614
Median Household Income
$40,145
Median Earnings
$2,104
Median Rent
$607,400
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 - Brand-new Cavco mobile home with a split-bedroom layout, 3 bedrooms and 2 bathrooms, plus an 8x10 shed.
Where is this mobile home & rv park located?
The property is located at 14-400 N Melrose Dr Vista, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Brand‑new Cavco mobile home in a family park; Split floor plan with master suite privacy; 3 bedrooms and 2 bathrooms
