Manufactured Home in All-Age
For Sale
$180,000
152-2140 Mentone Blvd, Mentone, CA 92359
Move-in ready manufactured home offers 3 bedrooms and 2 baths with indoor laundry and direct access to a covered carport.
Property Size1,248 SF
Price / SF$144.23
Days on Market69
Property Features for 152-2140 Mentone Blvd
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Manufactured In Park
Listing Agency:
RE/MAX ADVANTAGE
(909) 307-5665
Listed By:
Carolyn De Boer · License #1337947
(909) 213-3458
Source:
Exprealty
Added: Jun 30
Changed: Aug 20
Last Checked: Sep 5 at 2:25PM
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 RE/MAX ADVANTAGE
Investment Insights
Based on property information with market context.
This move-in ready manufactured home features an open-concept layout with cathedral ceilings and laminate flooring in the living, dining, and kitchen areas. The kitchen includes a center island, and the home has brand new carpet in all bedrooms and new blinds throughout. A separate indoor laundry room provides added convenience and connects directly to the covered carport.
The home is located within an all-age community that offers multiple on-site amenities, including a swimming pool and spa, basketball court, BBQ area, children’s playground and park, and a clubhouse with a billiard room. RV/boat storage is also available, with a waiting list noted due to a low storage fee. Monthly space rent and utilities, including gas, water, sewer, and trash, are billed together.
The property is described as being near shopping, dining, and entertainment, with easy freeway access and a short drive to nearby mountain communities. It is also noted as being located within the Redlands School District.
The home is located within an all-age community that offers multiple on-site amenities, including a swimming pool and spa, basketball court, BBQ area, children’s playground and park, and a clubhouse with a billiard room. RV/boat storage is also available, with a waiting list noted due to a low storage fee. Monthly space rent and utilities, including gas, water, sewer, and trash, are billed together.
The property is described as being near shopping, dining, and entertainment, with easy freeway access and a short drive to nearby mountain communities. It is also noted as being located within the Redlands School District.
Key Highlights
- Move‑in ready 3‑bedroom, 2‑bath manufactured home in the all‑age community of Friendly Hills
- Open‑concept living, dining and kitchen with cathedral ceilings and laminate flooring
- Spacious kitchen with center island
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
$11,048
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
6.14%
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%
$220,960
$221.0K
Cap Rate 7%
$157,829
$157.8K
Cap Rate 9%
$122,756
$122.8K
Market Conditions
NOI Build-Up for 1,248 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
$21.4K $17.16/SF
− Vacancy
−$1.3K −$1.06/SF
EGI
$20.1K $16.10/SF
− OpEx
−$9.0K −$7.24/SF
NOI
$11.0K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /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%
$220,960
Cap Rate 7%
$157,829
Cap Rate 9%
$122,756
Alternative Uses
Best Use
Apartment 5plus
$157.8K
$138.1K – $184.1K
NOI $11,048 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.2K
$230.3K – $307.1K
NOI $18,427 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 92359, CA
8,900
Population
3,483
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
464
Density / Sq Mi
$74,408
Median Household Income
$43,251
Median Earnings
$1,270
Median Rent
$411,100
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 - Move-in ready manufactured home offers 3 bedrooms and 2 baths with indoor laundry and direct access to a covered carport.
Where is this mobile home & rv park located?
The property is located at 152-2140 Mentone Blvd Mentone, CA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Move‑in ready 3‑bedroom, 2‑bath manufactured home in the all‑age community of Friendly Hills; Open‑concept living, dining and kitchen with cathedral ceilings and laminate flooring; Spacious kitchen with center island
