Mobile Home in Monte Del Lago
For Sale
$325,000
141-13622 Monte Del Sol, Castroville, CA 95012
Well-kept mobile home with three bedrooms, two full baths, and central AC plus gas heating in Monte Del Lago.
Property Size1,344 SF
Price / SF$241.82
Days on Market199
Property Features for 141-13622 Monte Del Sol
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Manufactured In Park
Building Details
Year Built
2008
Listing Agency:
Coldwell Banker Realty
(831) 277-0622
Listed By:
Erica Perez
(831) 277-0622
Source:
Exprealty
Added: Jan 26
Changed: Aug 11
Last Checked: Aug 12 at 2:34PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This newer mobile home in Monte Del Lago Mobile Home Park features three bedrooms and two full bathrooms in approximately 1,344 sq ft of comfortable living space. The spacious kitchen includes essential appliances and versatile countertops, and the home’s interior uses a mix of carpet, hardwood, laminate, and tile flooring. For everyday convenience, there is an indoor laundry area with a washer and dryer, and the primary bedroom includes a walk-in closet.
Year-round comfort is supported by central AC and gas heating. The home is located within the North Monterey County Unified School District.
Offered as part of a family-friendly community setting in Monte Del Lago Mobile Home Park, this home combines practical layout features with a straightforward, move-in-ready residential feel.
Year-round comfort is supported by central AC and gas heating. The home is located within the North Monterey County Unified School District.
Offered as part of a family-friendly community setting in Monte Del Lago Mobile Home Park, this home combines practical layout features with a straightforward, move-in-ready residential feel.
Key Highlights
- Three bedrooms and two full bathrooms
- Approximately 1,344 sq ft of living space
- Kitchen includes essential appliances and versatile 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
$21,622
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
6.65%
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%
$432,440
$432.4K
Cap Rate 7%
$308,886
$308.9K
Cap Rate 9%
$240,244
$240.2K
Market Conditions
NOI Build-Up for 1,344 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
$40.3K $30.00/SF
− Vacancy
−$1.0K −$0.75/SF
EGI
$39.3K $29.25/SF
− OpEx
−$17.7K −$13.16/SF
NOI
$21.6K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
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%
$432,440
Cap Rate 7%
$308,886
Cap Rate 9%
$240,244
Alternative Uses
Best Use
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$513.2K
$449.0K – $598.7K
NOI $35,923 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 95012, CA
11,858
Population
2,652
Households
4.5
Avg Household Size
30
Median Age
8%
College-Educated
48%
High-School Grad
12.9 sq mi
ZIP Area
919
Density / Sq Mi
$79,903
Median Household Income
$31,250
Median Earnings
$1,499
Median Rent
$629,600
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-kept mobile home with three bedrooms, two full baths, and central AC plus gas heating in Monte Del Lago.
Where is this mobile home & rv park located?
The property is located at 141-13622 Monte Del Sol Castroville, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; Approximately 1,344 sq ft of living space; Kitchen includes essential appliances and versatile countertops
